Well write or wrong the idea behind the belts, rings, and bling is to attract competition and its working. Park city used to be one of the toughest tournaments of the year that would attract teams from Nebraska, Colorado, Missouri, and Oklahoma. not anymore.
Park City went downhill because they had a crappy facility in the barns and had a series of poorly run tournaments. They also at the same time went from a tournament run by several local clubs to one run by the Greater Wichita Sports Authority or whatever it's called. The fall-off in attendance had nothing to do with awards! Now, they appear to be back on the right track and more power to them.