An investment group is taking ownership of Tioga Park, shuttered to racing in upstate New York since 1978, with plans to begin Standardbred racing next year in a facility that it hopes will also include a video lottery terminal casino.
The owner of a long-shuttered New York racetrack slated to reopen to tap into the state's video lottery terminal program has filed for Chapter 11 bankruptcy protection.
A company that for years has been trying different ways to break into the racing industry has now set its sights on an obscure former Quarter Horse racetrack in upstate New York.
Remember Tioga Park in New York's southern tier? If you don't, you're not alone. But the former Quarter Horse track is being shopped around as a potential investment in light of the fact the concept of video lottery terminals at racetracks is generating much discussion in the state legislature. Meanwhile, Gov. George Pataki said the VLT proposal would be considered.
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