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Racing More Resistant To Change Than Any Industry

Thursday, 15th October 2009

A panel discussion on horseracing's "need for change" at the International Simulcast Conference in Saratoga Springs in New York "indicated strong beliefs the industry doesn't have the will to change" reported bloodhorse.com. And officials warned "if the horseracing industry fails to make the voluntary changes it has resisted for decades, the only things that may save it from doom are involuntary changes brought on by forces in the gambling & entertainment marketplace". Christiansen Capital Advisors chairman Eugene Christiansen declared bluntly: "The prospects for voluntary change in the racing industry are slim to none. The racing industry is more resistant to change than any industry we've dealt with. Hard times make people conservative & less open to change. Paradoxically, hard times force change. It's extremely unpleasant." (To read the full report, click on the link in The Great Debate panel on the right-hand side of this page.)

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