http://blogs.mddailyrecord.com/ontherecord/2008/05/15/a-glimpse-of-the-preparations-for-preakness/ Thu, 20 Nov 2008 14:42:28 +0000 http://wordpress.org/?v=2.3.1 http://blogs.mddailyrecord.com/ontherecord/2008/05/15/a-glimpse-of-the-preparations-for-preakness/#comment-4053 newblogger Fri, 16 May 2008 16:41:06 +0000 http://blogs.mddailyrecord.com/ontherecord/2008/05/15/a-glimpse-of-the-preparations-for-preakness/#comment-4053 On slots--I was not surprised to see the Examiner article today which says that slots revenue projections are overstated. Gambling revenues are reportedly declining everywhere. Who is really looking at the assumptions behind these projections, and comparing them to past assumptions and current economic conditions? It is surprising that the Governor appointed Fred Puttyster to run the slots campaign-- the very same guy who was budget secretary and opposed slots under Glendenning??According to the Examiner, he was standing behind much lower slots revenue estimates in 2002. And back then, there were fewer slots options in neighboring states. Remember the rules of supply and demand? So which is right? As for saving the horse industry--certainly not going to happen with Magna in charge. The racing industry has done nothing to help itself, and this kind of government subsidy in a poor economy is an inppropriate use of taxpayers money. On slots–I was not surprised to see the Examiner article today which says that slots revenue projections are overstated. Gambling revenues are reportedly declining everywhere. Who is really looking at the assumptions behind these projections, and comparing them to past assumptions and current economic conditions? It is surprising that the Governor appointed Fred Puttyster to run the slots campaign– the very same guy who was budget secretary and opposed slots under Glendenning??According to the Examiner, he was standing behind much lower slots revenue estimates in 2002. And back then, there were fewer slots options in neighboring states. Remember the rules of supply and demand? So which is right? As for saving the horse industry–certainly not going to happen with Magna in charge. The racing industry has done nothing to help itself, and this kind of government subsidy in a poor economy is an inppropriate use of taxpayers money.

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