In case you missed it though, here are a few more company highlights:
- Tropical Racing owns a 200 acre horse training facility in Versailles, KY and in the Bluegrass State it's pronounced Ver-Sayles. Using the European pronunciation would be akin to visiting Louisville and proclaiming your love for bourbon, then immediately ordering a Jack Daniel's.
- The company currently owns $15 million worth of thoroughbred racehorses and participates in what is called pinhooking, which basically means the buying and selling of horses. According to Troy, pinhooking has outpaced the S&P 500 for the past 22 years, so for those of you looking for non-correlated assets, giddy up!
- Tropical has inked partnership deals with NYRA (the regulatory body for horse racing in New York) and Fox Sports (the other sports channel on your cable system that isn't ESPN) so the company has a plan for growth and the right partners to execute that plan.
In addition to the on track action, Tropical is a metaverse play. The Game of Silks is a virtual horse ownership and racing experience where players can learn the ropes of the business, and blame the digital jockeys for not getting the virtual horses to the inside rail early enough and fade in the backstretch!
Tropical has left the starting gate and their growth is picking up speed, so they are looking for investors to come along for the ride. Unlike other businesses, in the racing game, it is not only encouraged to partake in a mint julep while overseeing your investments, it's considered downright gentlemanly.
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