George Zoffinger

News, Articles, Videos and other content about George Zoffinger

NJSEA Plans Job Cuts as Revenue Declines

Citing "significant decreases" in revenue from both Thoroughbred and Standardbred racing in the last five years, as well as increased health insurance costs, president and chief executive officer George Zoffinger has recommended to the board of the New Jersey Sports and Exposition Authority it reduce its workforce by up to 40 positions.

New Jersey Racing Weekend Sets a Few Records

  • News

The Aug. 6-7 weekend of racing in New Jersey generated on-track attendance of more than 75,000 and a handle record of more than $21 million, according to the New Jersey Sports and Exposition Authority.

Monmouth to Host 2007 Cup

Breeders' Cup Limited and the New Jersey Sports and Exposition Authority have scheduled a press conference Sunday, Aug. 8 at which they are expected to announce that the 2007 Breeders' Cup World Thoroughbred Championships will be run at Monmouth Park.

Proposed Lease of Monmouth Park Topic of Meeting

The second of the New Jersey Sports and Exposition Authority's Monmouth Park Stakeholders Committee meetings is scheduled for Feb. 11, and the topic is scheduled to be the lease of the racetrack. The NJSEA has said it's exploring the possibility of leasing Monmouth and Meadowlands.

Report: Monmouth, Meadowlands May Be Sold, Leased

The New Jersey Sports and Exposition Authority will formally begin the process of selling or leasing Monmouth Park and Meadowlands in June, a move that could put more than $250 million in the financially strapped state agency's coffers, according to published reports.

NJSEA Boss: Industry Will Work to Find Answers

In response to a statement by an official with Gov. Jim McGreevey's administration that a proposal to place video lottery terminals at Meadowlands "is very unlikely," the head of the New Jersey Sports and Exposition Authority said other avenues will be explored in order to keep the state's racing industry viable.

Jersey Governor Proposes to Cut Authority's Subsidy

New Jersey Gov. Jim McGreevey presented his 2003 budget in a March 26 speech before state legislators, and among his cost-cutting proposals is a reduction in the operating subsidy for the New Jersey Sports and Exposition Authority, which oversees Monmouth Park and Meadowlands, by more than half.

Most Popular Stories