With the new, $88-million Meadowlands Racetrack scheduled to open for live Standardbred racing Nov. 23, Jeff Gural understandably has a case of the jitters.
Atlantic City Race Course ended its six-day all turf meet May 1 with total pari-mutuel handle in excess of $1 million for a seven-race program.
A bill authorizing small offtrack betting operations in bars and restaurants, and another measure giving Atlantic City Race Course a larger chunk of revenue from casino race books, passed New Jersey legislative committees.
New Jersey Gov. Chris Christie has vetoed a move by the state Racing Commission to provide $15 million in state subsidies for Thoroughbred and harness racing purses.
Atlantic City Race Course would receive close to $1 million for capital improvements in 2012 under a proposal released May 19 by state lawmakers from a legislative gaming committee.
A public-private partnership could lead to redevelopment of Atlantic City Race Course but would include upgrades to the circa-1946 facility and continuation--if not expansion--of live racing at the New Jersey track.
New Jersey lawmakers questioned the research behind a report on gaming and racing in the state Sept. 29 and suggested it left too many unanswered questions, particularly in regard to options for the horse racing industry.
A recent poll indicates support for horse racing and racetrack gaming in New Jersey.
No matter what's in store, this year's Atlantic City finale had its moments. Read Blog
- By Tom LaMarra
Tom LaMarra takes another look at some things in horse racing that fail to add up. Read Blog
- By Tom LaMarra
Sometimes, there's just no legitimate explanation for the things that go on in the racing business. Read Blog
Atlantic City casinos have agreed to boost financial help for New Jersey's racetracks, but officials said long-term funding issues remain.
Wall Street analysts agree Pennsylvania's racetrack casinos have generated higher-than-expected revenue thus far, but growth in the market, both in state and out, could impact those numbers going forward. Thus far, slot machines around the state are producing an average win per machine of $307. There are 11,500 slots, about a quarter of the total that could be operating when all gaming halls are open in the state.
With two of its four live racing days complete for 2006, questions remain as to what Greenwood Racing intends to do with aging Atlantic City Race Course, which opened in 1946 and currently serves as a year-round simulcast facility for patrons in southern New Jersey.
Amid reports of a sale to a major outdoors retailer and use of its mostly vacant grandstand by homeless people, Atlantic City Race Course is prepared for four days of live turf racing beginning April 29 with a steeplechase program.
Taylor Made Farm in Nicholasville, Ky. has teamed up with Monmouth Park Racetrack to sponsor "The Taylor Made Matchmaker Stakes," a grade III event worth $150,000 to be run on Haskell Day, Sunday, Aug. 7, this year.
Under a plan being considered by the New Jersey legislature, the governor's office, and the New Jersey Sports and Exposition Authority, Thoroughbred and Standardbred purses could be supplemented by revenue from Atlantic City casinos, possibly this year.
The future of Atlantic City Race Course remains in question after the completion of its one-day program May 10, the only live date for 2002.
Atlantic City Racecourse, which was granted one day of live racing by the state racing commission in late January, will run seven races all on the turf on Friday, May 10, with the day's purses totaling $110,000.
The New Jersey Racing Commission on Wednesday unanimously approved the sale of Atlantic City Race Course to Greenwood Racing for $13 million.
Pennwood Racing, which owns Freehold Raceway and figures in the mix as New Jersey prepares to launch account wagering and off-track betting systems, is looking to expand its holdings in the Garden State with the purchase of Atlantic City Race Course.
Despite talk to the contrary, Atlantic City Race Course, which will conclude its 10-day, all-turf meet Tuesday afternoon, doesn't plan a longer meet for 2002, track president and general manager James Murphy said. In addition, talk of an imminent sale is just a rumor.
A mobster-turned-informant testified Thursday that he helped fix races at Atlantic City Racecourse and Garden State Park in the 1990s.
Moving quickly after the New Jersey Racing Commission rejected its original application for an eight-day stand, Atlantic City Racecourse re-applied Wednesday for ten 2001 dates, according to track president James J. Murphy. In the unprecedented and unexpected move Tuesday, the commission also rejected the 2001 dates application of Atlantic City Racecourse, but did approve the dates of the two New Jersey Sports & Exposition Authority racetracks, Monmouth Park and Meadowlands.
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