Competition
In 2001, Indiana Downs became the second horse racing track in the state. Initially located in Fairland, Indiana; it was later annexed into nearby Shelbyville, Indiana.
Competition eventually took its toll on Hoosier Park. When Indiana Downs opened, Hoosier Park was forced to split the state subsidy granted when the state had to issue two licenses. Also for the first time, Hoosier Park faced competition; both tracks are approximately 40 minutes apart and are about 15 minutes outside of Indianapolis.
Since 2003, both tracks have lost approximately $20 million combined.
Read more about this topic: Hoosier Park
Famous quotes containing the word competition:
“Wearing overalls on weekdays, painting somebody else’s house to earn money? You’re working class. Wearing overalls at weekends, painting your own house to save money? You’re middle class.”
—Lawrence Sutton, British prizewinner in competition in Sunday Correspondent (London)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)