The Thoroughbred Brief

Notes from the Road

August 5, 2008 · 13 Comments

I’m currently on vacation, but to make up for the gap in long-winded, run-on-sentence-filled posts on arcane topics, here are five things, in bullet-point form, that are currently on my mind:

  • Is IEAH ever really going to go public by the end of the year? It’s currently operating under a Reg-D exception from SEC ‘33 Act registration, so going public could mean that it would have to register and then comply with all of the registration and reporting requirements. It’s everything most racing entities work extremely hard to avoid, because it’s expensive, and there are a lot of pesky details, like disclosure.
  • Here’s a great little anecdote about our buddy Rick Dutrow, related by Bennett Liebman, Coordinator of the Racing and Wagering Law Program at the Government Law Center (GLC) of Albany Law School: Tubing Rick Dutrow (June 2, 2008).
  • When did gambling become gaming? Or gamblers “horseplayers?” Are we being politically correct? I’m not asking a rhetorical question, I’m just wondering at what point it happened over the twentieth century evolution from “gambling is immoral, so we should prohibit it, except for this kind of gambling, called pari-mutuel, where there are no evil bookies involved,” to “we need to protect the wagering public, so that they keep betting, so maybe we will call them something nicer.” On a related note, I would like to point out that back in the day the states banned “bookmaking,” which was never banned in the UK, and they turned out OK. Meanwhile, over here, anti-gambling sentiment = state police power = fragmented state regulatory system. Building on that, I present my Grand, Overarching Theory for Why We Have So Many Problems In Racing: It’s all the Puritans’ fault.
  • Why has KHRC not released a response to Bobby Rush? Should I send them a copy of my last post and give them permission to use my explanation of the statutory provisions?
  • I can’t believe anyone has a problem with Woodberry boy Halsey Minor buying Hialeah.

Talk amongst yourselves.

Edited to add: To the person who found this site by searching for “Lidocaine, does it come from a cobra?” — No. No it doesn’t.

Categories: Gaming · Grand schemes
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