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August 10, 2010

Fund HIP program through purses

By Dave Briggs

Fund HIP program through purses

 
“My strong view is to fund the Horse Improvement Plan (HIP) entirely out of slot-generated purses, eliminate the tax, which is essentially what it is, that sits on top of all wagers. Two per cent on everything except for trifectas and it is four per cent on tris... Then we are bringing the pricing of our product into a zone that, at a minimum, is going to keep and perhaps have some of our core customers return.
 
— Nick Eaves (above), president and CEO of the Woodbine Entertainment Group (WEG) the eighth 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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