Mardi Gras Hollywood has offered reduced weekly purse contracts to kennels for the 2015-2016 season. The cuts follow a later than expected contract issuance and an elimination of the traditional summer stipends that offset the shorter season. In addition to the cut in weekly purses, the 1.25% profit sharing on slot revenue has also been taken off the table. Over the past three seasons, Hollywood management has successfully eliminated historic stakes and has attempted to implement systemic reductions in purses. These annual purse slashes send a dangerous message to other tracks nationwide that could also be looking for ways to cut expenses and race at a lower price tag.
With it’s shorter season, high overhead and the nation’s lowest slot pay out track, Hollywood’s kennel margins already had been running slim. Drastic cuts to purses and running for a flat payout would negatively impact both greyhound owners and kennels. With obligations to owner shares in mind, kennels are seeking to negotiate to run for no less than last year’s contract purse totals. To date, the kennels have not been offered a fair and mutually beneficial contract for the upcoming season.
Guest Opinion: Expansion of Gambling a Bad Bet for Florida
September 18, 2018
HOT OFF THE PRESSES!!! FLORIDA DECOUPLING FAILS AGAIN