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.