Legislation designed to encourage Atlantic City casinos to offer full-card simulcasts -- or at least protect them at the one casino that still offers wagering on horse races -- was signed into law April 27.
Atlantic City Race Course, which was coming off one of its better meets last year and was awarded 2015 dates, will shut down Jan. 16, owner Greenwood ACRA said Jan. 9.
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.
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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.
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