I dont know if you guys have a sattellite dish or direct tv. But TVG network shows live racing all day and night but only a select few. I also have heard that Frank Stronach of Magna Entertainment Corp is launching a new horse racing televison that will show live racing of many tracks 24 hours to be available on cable nationally soon. Getting off the subject a little but its still gambling in my book is stocks. Magna Entertainment Corp nasdaq symbol MIEC is a corporation that owns several horse racing tracks and otbs they just recently purchased Laurel and Pimlico racetrack. What is interesting about MIEC is that Laurel and Pimlico may soon be getting slot machines if the bill passes which it may soon because the new Governor favors that legalizing of Slot Machines in Maryland. So as MIEC is at about 5 dollars a share I have acquired several hundred shares already and plan to acquire more each month as it will be a while before slots are in place just crossing my fingers the slot bill passes in Maryland. To give you an example let me show you what happened to this stock. The symbol is PENN which is penn national gaming they own penn national and charlestown race track and some other things also. Before they got slots at Charlestown racetrack they were 4 dollars a share once they got slots the stock went from 4 dollars to 35 dollars and then eventually split which would of doubled your amount of shares,you do the math. Needless to say if maryland gets slots they will take all of Charlestown race tracks slot business because most people who go to charlestown to play the slots are from Maryland. Just a thought but I think MIEC is a great opportunity to get in on. So throwing all of this out there, you guys do some research on it at yahoo or some other stock research site. The symbol is MIEC . Its just like gambling BABY. I will continue to acquire shares every month at 5 dollars a share.
Horse Racing Television
- Thread starter Jrdhorse
- Start date
You may be right. Stronach has pumped a ton of money into horse racing. He remodled Santa Anita despite the yelling and screaming of many and it came out real nice. This guy owns horses and buys tracks. He is really the only hope racing has to make it in the future. I have heard the same thing about his proposed satellite system. Who knows - he might even be able to make a sweetheart deal in California now since our budget is billions away from balance.
