High-ranking New Jersey politicians and members of the horse racing industry will meet Nov. 12 in Trenton to discuss issues vital to the health of the racing and breeding industry, including the uncertain future of Monmouth Park and Meadowlands.
New Jersey Gov. Jim McGreevey has signed into law a bill that will reconstitute the membership of the state racing commission.
Though a commission was recently formed to study the feasibility of putting video lottery terminals at New Jersey racetracks, Gov. Jim McGreevey apparently has abandoned the idea of including VLT revenue in the state's 2004 budget.
New Jersey Gov. James McGreevey has announced the creation of a Video Lottery Study Commission that will investigate the feasibility of video lottery terminals at racetracks and give him written recommendations in 90 days.
One week after a spokesperson for New Jersey Gov. Jim McGreevey said a bill to legalize video lottery terminals at state racetracks was off the table, the issue apparently is back on.
Without a purse supplement from the state and an average daily purse distribution of less than half of what it offered in 2001, business at the current Meadowlands meet has been called "really bad" by an executive of the New Jersey Sports and Exposition Authority, which owns and operates the northern New Jersey track.
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.
New Jersey Gov. Jim McGreevey tabbed financier George Zoffinger to head of the New Jersey Sports and Exposition Authority and criticized previous NJSEA leadership for the way it handled the operation.
An expected purse supplement of $6 million for the New Jersey horse racing industry from the state legislature won't be forthcoming as expected, Gov. Jim McGreevey said Feb. 12. That has raised the question as to whether Monmouth Park and Meadowlands can support even 120 days of Thoroughbred racing, 21 less than required by law.
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