- Beware of WEG’s dominant position. In the proposed structures of administration not only are they a player, they are the scorekeeper and referee. They are becoming too big to challenge and yet it must be recognized their success depends in large part on the significant partnership with the Ontario government and its ongoing funding support. With so much of tax payers monies invested in this company, there needs to be careful scrutiny and accountability.
This is not much different than we anecdotally hear from our friends in Kentucky who speak about one large corporation dictating policy, rather than living and abiding with it.
In Ontario, Mr. Walling went even further, proposing that Woodbine's internet betting arm (HPI, a near betting monopoly in Canada, probably doing $400M or more in handle a year) should be taken over by the sport, not run by Woodbine:
- Because of this market participation and dominance, I would recommend that HPI be operated by Ontario Racing; thus being operated for the entire industry with the revenue generated being used to support O/R and the industry. To me, the WEG role continues to be the biggest challenge to the Industry.
This betting platform is well known to betting customers like S.H. for their increasing of takeout rates on simulcast, and other assorted player maladies.
Now as players we certainly don't want betting arms taken over by the government, ugh, but there are some powerful people who sure do.what @HPI is taking at KD is insane,,forcing me to play offshore. Tri in race 4 for a buck.....KD, $314.80 same tri @HPI pays $287.65— S.H.Usprech (@FakeMaven) September 6, 2017
Regardless, Mr. Walling's words are pretty eye and ear opening. I don't think I've heard such strong language ever used, and Woodbine (and racing in Ontario) probably needs to take action.
Have a great Thursday everyone.