The Lane Report has a lengthy and enlightening interview with Case Clay, president of Three Chimneys Farm. Clay discusses a wide range of topics in the Thoroughbred industry from calculating stud fees to the results of recent Thoroughbred sales:
“Prices have fallen, the industry has hit the bottom – and it looks from the results of the September sales we found it. The last few years were scary because horsemen didn't know where the bottom was. Going forward, I see a slow rise over five years. If you're looking at it on a line curve it's just an almost flat, rising line. I don't see us being at (industry record) 2006-2007 numbers for 20 more years. That's just a guess.”
On gaming in Kentucky, Clay says:
“Our industry's back is up against the wall. I would push for gaming, but again I just want to make it so clear that it has to be done right. I would put casinos underground so they would be electronic oil wells for our industry. When visitors come inside the racetrack doors, they should experience the thrill of Thoroughbreds… For instance, if slot machines were in the Keeneland grandstand I would hate it.”
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