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Another part of the problems for Sam Houston Race Park is in the form of competing race tracks in neighboring states. There was a time when Sam Houston was able to bring the biggest races to the market. The company was the main one providing the big-dollar events with huge payouts. Since the recession, that has changed dramatically. Now it is the race tracks in neighboring states that are holding the huge events. They are able to bring big competing races with bigger horsemen and better known horses, along with bigger purses. This makes their race tracks direct competitors to a race track that is already suffering. Plus add to the mix various other options for wagering, and it is creating a disastrous market for the big name race track to deal with. Gambling companies are coming into the mix left and right—they are focused on bringing more races that attract even bigger numbers of gamers.

The owner of Sam Houston is Shawn Hurwitz. Hurwitz has voiced his concerns regarding growth and the future of the track over the past few months. He notes the growing competition and how it is pushing Sam Houston out of the mix. He also added that there is new hope on the horizon despite the bad news. Penn National Gaming is a huge gaming company that just purchased half of the race track. Hurwitz is hoping that going fifty-fifty in on the project, will help the two companies to put together a viable gaming plan that will allow for a new revival of the gaming market. Another goal of the changes is to bring more jobs to the state and reviving the race track will be a sure fire way to do this. In fact, if the two companies are able to spur on the market, they should be able to bring hundreds of new jobs to the locals and this alone would help the economy and the state’s financial condition. Only time will tell what is going to happen with the race track, but Penn National and Hurwitz have made it clear that they are not going down without a fight. They are hoping to make considerable changes that cause the race track to return to its older days of glory.

The racing industry in Texas has been suffering. Of course all race tracks have had diminished numbers since the recession. One thing that people don’t have to do is wager. Though they can cut back on other things, gambling is one thing in the world that they don’t have to do. It can be completely eliminated from anyone’s budget. That is part of the problem with gambling—no one needs to do it. Gambling companies have been suffering due to that and have few options other than pushing promotions and deals harder. This costs though. Just ask the operators in Atlantic City—they have been struggling to spur on the market for months now. More and more people have been laid off in an effort to save businesses, and that doesn’t seem to be bringing the results that the operators were hoping for. Now Texas is having the same lag in numbers that Atlantic City has had with overall gambling.

Texas is a state that had a lucrative race track market at one time. It used to be one of the favorite pastimes of the residents in the area. They believed that racing was a great gambling option and it benefited race tracks substantially. One large race track in the area is Sam Houston Race Park. It is one of the biggest locations for racing in the state and has a reputation for greatness. Since the recession though, people have been leaving the racing tracks alone. They have been too busy paying bills and getting through their daily finances to think of playing at a race track. Sam Houston’s owners are trying to come up with ways of moving back into the market and bring in the same numbers it did pre-recession. The biggest obstacle to overcome is changing people’s perceptions of wagering and getting them to once again return to race tracks for wagers. Remember too that the race track still has the competition of other casinos in the state and online gambling companies. Now that the online gambling market has increased so much and so quickly, it is making things for the racing industry even harder.

Part two coming next.