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Archive for August, 2010

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August 13, 2010

Eaves: We need serious help

By Dave Briggs

Eaves: We need serious help

  

“I think the question we have to ask ourselves is, is there any hope at all of the industry, on its own, bringing about this transformation, and I haven’t heard anybody say that they think that is a likely outcome. So that might be the first hard acknowledgment that this industry has to make, ‘We can’t do it on our own.’
“If there is one thing that needs to come out of any of this it is a resolve on the part of the different sectors of the industry to actually do something different. We have already talked about what doing the same looks like, and we have seen year over year, at least in terms of handle, certainly in terms of WEG handle, what that looks like. We, for one, can’t withstand many more years of 10 and 11 per cent year-over-year declines on our live pool.”
 
— Nick Eaves (above), president and CEO of the Woodbine Entertainment Group (WEG) in the 11th in a daily series of quotes pulled from our Round Table Discussion entitled 15 Essential Ideas for Saving Racing. Dave Briggs’ Last Call Online column about the Round Table is available here. The entire Round Table Discussion booklet is available to download as a pdf by following this link and clicking on the “Now Available” item in the bottom left corner of the page.
 
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August 12, 2010

Horner: Hitting rock bottom like the auto sector

By Dave Briggs

Horner: Hitting rock bottom like the auto sector

 
“The only thing that allowed the North American automobile industry to respond to the crisis it was in was, in fact, hitting rock bottom, going broke. And the only thing that allowed the American automobile industry to restructure was the government saying, 'You are broke and you are going out of business, except that we are going to intervene to keep you in business. To keep you in business, we are going to demand that you do various things, including shutting down capacity in a very significant way, shutting off product lines, changing your Board of Directors, changing the leaders of your companies, in some cases.'”
 

 

 

 
— Clay Horner (above), partner Osler, Hoskin & Harcourt, LLP, horse owner and vice-chair of the Board of Directors of the Woodbine Entertainment Group (WEG) in the 10th in a daily series of quotes pulled from our Round Table Discussion entitled 15 Essential Ideas for Saving Racing. Dave Briggs’ Last Call Online column about the Round Table is available here. The entire Round Table Discussion booklet is available to download as a pdf by following this link and clicking on the “Now Available” item in the bottom left corner of the page.
 
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August 11, 2010

Clarke: We don’t ask for the sale

By Dave Briggs

Clarke: We don’t ask for the sale

  

“We were doing a really poor job of asking for the sale. If you go to a sales course, people tell you, ‘You have to ask for the sale to make it.’ Well, if you think about walking into a racetrack, where there is a counter and somebody sitting behind it that is twiddling their thumbs and not necessarily interested in you as a customer, what is the incentive to make a sale?
“We are selling wagers, so we have to ask to do it.”
 
— Dr. Ted Clarke (above), veterinarian and general manager of Grand River Raceway in Elora, ON in the ninth in a daily series of quotes pulled from our Round Table Discussion entitled 15 Essential Ideas for Saving Racing. Dave Briggs’ Last Call Online column about the Round Table is available here. The entire Round Table Discussion booklet is available to download as a pdf by following this link and clicking on the “Now Available” item in the bottom left corner of the page.
 
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Displaying 1 to 3 of 11