‘Huge potential’ seen for racing, wagering in Amarillo
Company executives are encouraged by the early numbers that have come in at the new Saddle Brook Jockey Club near Amarillo, Texas.
The facility was opened as a temporary off-track wagering facility until the permanent racetrack, Saddle Brook Park, is completed, which is expected to be in the fall of 2014.
Magellan Gaming & Racing operates Saddle Brook for its parent company, Yellow Rose Entertainment. Corey Johnsen, president of Magellan Gaming, told the Amarillo Globe-News that the facility handled nearly $263,500 in bets during its first month of simulcasting.
Johnsen, who is also president and part-owner of Kentucky Downs in Franklin, Ky., told the paper, ““There is a learning curve. There are a lot of people that you have to teach about your sport, and it just takes time.”
“When you don’t have that one- or two-year simulcasting product, people walk around a live racetrack and have no idea what to do, and frankly, it’s so big it’s confusing,” Johnsen added. “I believe the ultimate potential is there to do $10 million in handle in a 12-month period,”