Penn National Gaming Inc. said June 17 it has sued Greenwood Racing -- its partner in Freehold Raceway -- over its failure to build an off-track betting parlor in Camden County, N.J.
International Thoroughbred Breeders, which sold Garden State Park in New Jersey to a real estate development company in November for $30 million, is bracing for a civil action and a probe of "certain current and former officers" by the Securities and Exchange Commission.
"You've read racing history...perhaps you've seen racing history...now you can own a part of America's finest horse racing history!" reads the brochure that is being distributed by Ken Geyer Auctioneers. The auction
will begin June 22 at 6 p.m. and run through June 26.
Now that live racing and simulcasting has ended permanently at Garden State Park, Pennwood Racing, which owns nearly 10 acres of land at the site, must wait for off-track betting legislation to pass in New Jersey, and gain regulatory approval from Cherry Hill Township, before it begins construction on a planned off-track wagering parlor.
- By Tom LaMarra
By Tom LaMarra -- The real Garden State Park went up in flames in 1977. Little did we know, it was the beginning of the end of a racing tradition in the Delaware Valley.
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 chapter in horse racing history in New Jersey, and in fact nationally, ended early Thursday evening when the last race was run at Garden State Park in Cherry Hill. The $180-million facility will be demolished and replaced with a residential and retail complex.
New Jersey acting Gov. Donald DiFrancesco signed into law Tuesday
a bill to allocate $18 million to the state's racing industry from the general fund. Of that amount, $11.7 million will go to boost Thoroughbred purses, and $6.3 million will go toward Standardbred purses.
The Thoroughbred community figured the April-early May meet at Garden State Park would be the track's last. But the Standardbred community was shocked to find out that this fall's harnesss meet wouldn't go. In fact, the New Jersey racetrack will shut down for good May 29, even for simulcasting.
Garden State Park has reapplied to the New Jersey Racing Commission for 13 Thoroughbred racing dates in 2001, two weeks after its initial application for a six-day stand was rejected at the NJRC's November 21 meeting in Trenton.
The sale of Garden State Park to a development company is viewed as the death knell for live racing at the southern New Jersey track, but officials weren't able to say when the last live race will be run. Pennwood Racing, which leases Garden State, is said to have applied for a Thoroughbred meet; the application must be in to the New Jersey Racing Commission by Friday. A previous request from Pennwood to race six days at Garden State in 2001 was rejected by the commission.
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.
As expected, Garden State Park didn't request a Thoroughbred meet for 2001, but it did ask for live harness racing.
New Jersey horsemen are unhappy that Garden State Park will not seek live racing dates in 2001.
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