Tim Rivto is the CEO of The Stronach Group, one of the largest thoroughbred racing company’s in North America. He recently took time from his busy schedule to speak with a group of students at the University of Maryland about the future of gaming, and his company’s role within that sphere. I don’t know about you, but my University education didn’t include classes like “Gambling In The New Millennium”. I sure as heck wish it did.
Professor Steven McDaniel invited the Stronach Group CEO as a guest lecturer for his innovative class, which discusses online poker, thoroughbred racing, point spreads, wagering and the business of gambling in general. “I am very appreciative that Tim Ritvo has been gracious enough to come speak to the undergraduate students in my course,” McDaniel said. “The class covers the various sectors of the industry, including pari-mutuel gambling. Maryland has a storied tradition when it comes to horse racing. It is also an economic engine that extends beyond hosting the Preakness.
“So, I think it is important for our students to gain an appreciation for this, as well as for where the business is headed on a national level. Given Tim’s position with The Stronach Group, he provides the class with unique insights on Thoroughbred racing in Maryland and beyond. He is also very honest with the class, as to some mistakes that the racing industry has made over the years and how they have worked to address them.”
The Stronach Group has a heavy presence in the state of Maryland, owning both Laurel Park and Pimlico Racecrouse. They also own Santa Anita, Gulfstream and Golden Gate Fields as well as several other lesser known facilities. They are one of the leading forces in gambling across the nation, so the students were very fortunate to have Rivto speak to them.
Best class ever? Best class ever.