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Non-Tech : CDWN - Colonial Downs (1st Horse Track in VA since 1800s)
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To: H.J. Schellenberg who wrote (106)10/11/1997 2:27:00 PM
From: LLLefty   of 158
 
Sorry to say, CDWN has all the makings of a collosal miscalculation. It's hard to find handle figures for the track but Beyer in the Wash Post had them for Wednesday, October 8. Attendance was 1080 and they bet a scant $73,500 on CD's races and $30,700 on simulcasts. The fields were small, one being only three horses. That's a recipe for financial disaster. Moreover, few bettors would care to wager on a CD simulcast with the small number of entries on Cd's card.

Perhaps they can pull it off next year with a great turf course and purses that might attract quality horses and big simulcast bettors. But it's a longshot that this investor, anyway, wouldn't touch. Even if it gets down to 3 or 4, where's the upside?

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