Posted Aug 25, 2012, 12:57 AM
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Registered User
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Join Date: Mar 2008
Posts: 3,729
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Quote:
Originally Posted by SteelTown
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And, if the Interim Report is to be believed, every other track in the province.
Impact of SARP Cancellation
While SARP has serious flaws, the panel has concluded that simply cutting off the flow of public funds to the industry will have grim consequences. A middle ground should be found that preserves the core of the industry while reducing but not terminating public support.
As the basis for advice on the transition to a sustainable model, the panel sought an accurate projection of the horse racing industry in Ontario following the end of SARP. After reviewing the submissions from the industry and government agencies, and in light of the recent experience in Quebec, one fact is inescapable.
Panel Finding:
Without slots revenue or a new revenue stream, the horse racing industry in Ontario will cease to exist.
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