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Article: Gamblin' Man: Rick Baedeker believes slot machines at Hollywood Park will provide a solution to horse racing's problem of dwindling attendance.(People)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 3, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RICK Baedeker has the track in his blood His father Bud was a household name in horse race circles for a handicapping guide he started in 1938. The younger Baedeker has run Hollywood Park since Churchill Downs Inc. bought the facility in 1999. A Glendale native who once studied for the priesthood, he started his business career out by working for his dad, who died earlier this year. Baedeker is leading the charge on a state initiative that would bring as many as 30,000 slot machines to California's existing race tracks and card clubs--unless Indian tribes agree to pass 25 percent of their revenue on the state.
Question: What was the genesis of the slots ...