{"id":17884,"date":"2015-09-17T11:57:15","date_gmt":"2015-09-17T15:57:15","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/09\/american-pharoahs-economic-impact-is-felt-prior-to-his-defeat-in-historic-travers-stakes.html"},"modified":"2015-09-17T11:57:15","modified_gmt":"2015-09-17T15:57:15","slug":"american-pharoahs-economic-impact-is-felt-prior-to-his-defeat-in-historic-travers-stakes","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/09\/american-pharoahs-economic-impact-is-felt-prior-to-his-defeat-in-historic-travers-stakes\/","title":{"rendered":"American Pharoah’s Economic Impact Is Felt Prior To His Defeat In Historic Travers Stakes"},"content":{"rendered":"
\n
\n\"american\n<\/div>\n
The appearance of American Pharoah at the Travers had a big area economic impact.\n<\/div>\n<\/div>\n

BY R.J. DELUKE<\/p>\n

The New York Racing Association announced
\nrecord wagering and handle figures for the recently
\ncompleted thoroughbred horse racing season at
\nSaratoga Race Course, a tourist attraction that
\nalso affects the Glens Falls\/Lake George region.<\/p>\n

Peter Aust, president and CEO of the
\nAdirondack Regional Chamber of Commerce, had
\nnoted the August numbers are historically bigger
\nthan July, assisted by the proximity of Saratoga
\nRace Course, and that while people want to see
\nthe lake and mountains and go boating, they also
\nwant to go to the race track.<\/p>\n

It appears that having Triple Crown winner
\nAmerican Pharoah come to the Travers Stakes
\non Aug. 29 boosted attendance and the associated
\nimpact on area businesses.
\nThe 147th season at Saratoga Race Course saw
\nrecord handle of $648.3 million, a 13.5 percent
\nincrease in corresponding all-source wagering
\nactivity over last year, according to NYRA. The
\nrecord wagering shattered the previous high
\nfrom 2012 of $590.2 million, which included
\ninternational settlements that have yet to be
\nrecorded for the 2015 Saratoga meet.<\/p>\n

On-track handle also set a record of $157.7
\nmillion, surpassing the previous high of $150.6
\nmillion in 2012.
\n“The 2015 season at Saratoga Race Course was
\ntruly fabulous and is one which we won’t soon
\nforget,” said NYRA CEO and President Chris Kay.<\/p>\n

“All of us at the New York Racing Association
\nare deeply appreciative of the support we have
\nreceived from the owners, trainers, jockeys,
\nstakeholders, fans and the community as a whole
\nduring this historic season at Saratoga. Their
\ndedication to the industry and love for the sport
\ncontinue to cement Saratoga as the premier race
\nmeet in North America.”<\/p>\n

Michael Consuelo, executive director of the
\nLake George Regional Chamber of Commerce,
\nsaid the week and weekend of the Travers “was an
\nexcellent one in terms of occupancy. How much
\nof it was attributed to the appearance of American
\nPharoah is hard to say, but I would think that it
\nhad somewhat of an impact only from the fact
\nthat occupancy was high because of compression
\nfrom our friends in Saratoga.”<\/p>\n

“With high demand down there coupled with
\neven higher rates, it does drive visitors up to our
\narea regardless of having a Triple Crown winner as
\na highlight or not,” he said. “We do well during the
\nracing season because visitors tend to stay up here,
\ndrive to Saratoga for a day at the track and back
\nup here to Lake George for all of the wonderful
\nfeatures of the Lake and the surrounding area..”<\/p>\n

In Saratoga County, Pete Bardunias, president
\nand CEO of the Chamber of Southern Saratoga
\nCounty, said the appearance of American Pharoah,
\n“energized the already-exciting Travers weekend
\nto a fever pitch, filled our hotels and got anyone
\nwith even the slightest interest in horse racing to
\nparticipate in the sport.”<\/p>\n

Bill Donovan, who owns both Maestro’s at the
\nVan Dam and Harvey’s Restaurant and Bar, both
\nin downtown in Saratoga Springs, said Travers
\nWeek numbers for both restaurants were 22
\npercent higher this year than last year.<\/p>\n

Photo by R.J. DeLuke<\/p>\n","protected":false},"excerpt":{"rendered":"

The appearance of American Pharoah at the Travers had a big area economic impact.BY R.J. DELUKE The New York Racing Association announced record wagering and handle figures for the recently completed thoroughbred horse racing season at Saratoga Race Course,…<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[66,91,103,127],"yoast_head":"\r\nAmerican Pharoah's Economic Impact Is Felt Prior To His Defeat In Historic Travers Stakes - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2015\/09\/american-pharoahs-economic-impact-is-felt-prior-to-his-defeat-in-historic-travers-stakes\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"American Pharoah's Economic Impact Is Felt Prior To His Defeat In Historic Travers Stakes - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"The appearance of American Pharoah at the Travers had a big area economic impact.BY R.J. 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