A state judge has frozen the assets of the New Jersey Thoroughbred Horsemen's Association pending a racing commission investigation into the group' finances.
After months of legal wrangling and negotiations, the New Jersey Sports and Exposition Authority is close to presenting the New Jersey Racing Commission with participation agreements between itself and two other racing companies in the state in regard to account and off-track wagering.
Horsemen, racetrack operators, and the New Jersey Racing Commission are in agreement on a 2003 Thoroughbred calendar that calls for 151 live racing days. The schedule was approved even though track officials have said the 141-day allotment for this year doesn't make good business sense.
In an unusual twist, management at Meadowlands in New Jersey is expressing its position concerning 2003 Thoroughbred racing dates, and the state of the current meet, in the track program.
Prominent New Jersey owner and breeder Dennis Drazin, who has been accused of accepting inflated legal fees from the New Jersey Thoroughbred Horsemen's Association, denied the allegations and called conduct by his accuser "improper."
A hearing Sept. 19 by the New Jersey Assembly Tourism and Gaming Committee produced a rare show of unity between Thoroughbred and Standardbred horsemen as representatives from each testified in favor of legislation that would allow slot machines at four New Jersey racetracks.
The New Jersey Assembly Tourism and Gaming Committee will devote its entire agenda Sept. 19 to horsemen's issues, including legislation that would allow slot machines at state racetracks.
The New Jersey Racing Commission has overturned a 2001 ruling by stewards at Monmouth Park, but the affected trainer said he was never notified of the hearing.
The New Jersey Racing Commission approved the advertisement of a prohibited practices regulation, similar to one approved by the Association of Racing Commissioners International Prohibited Practices Model Rule.
After a number of meeting the last 10 days, New Jersey horsemen and management of Monmouth Park and Meadowlands are close to finalizing a proposal to determine the amount of Thoroughbred dates for 2002 and beyond.
- By Tom LaMarra
A New Jersey senator who was instrumental in the passage of legislation that authorized off-track and account wagering in the state introduced a bill Feb. 21 that calls for reconstitution of the New Jersey Racing Commission. If passed, the legislation would allow Gov. Jim McGreevey to appoint all new members to the panel.
Although 141 dates for Thoroughbred racing in 2002 were approved by the New Jersey Racing Commission in December, the fact that a purse supplement from the legislature had been severely reduced and, in fact, may be eliminated from the state budget forced the commission to reduce the dates allocation to 120.
New Jersey's 2002 thoroughbred racing calendar remained in limbo Tuesday as the N. J. Racing Commission declined to approve a revised dates schedule submitted by the owner and operator of Monmouth Park and Meadowlands.
At its monthly meeting at Meadowlands Wednesday, the New Jersey Racing Commission said it is prepared to advertise regulations regarding account and off-track wagering, the first step toward implementation since legislation was signed into law in August.
Management at Philadelphia Park sent a letter to all of its Phonebet customers in New Jersey advising them that it expects to receive formal notice from the New Jersey Racing Commission to stop accepting their phone wagers. "Once the commission issues this formal directive (expected to be on Jan. 20), you will receive notice from us and all New Jersey accounts will be closed," the letter states.
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.
Youbet.com, the interactive pari-mutuel wagering network that has seen its stock price plummet this week amid a restructuring, has been dealt a setback by regulators in New Jersey.
Tuesday's meeting of the New Jersey Racing Commission in Trenton, at which the 2001 dates requests of state racetracks will be considered, is expected to be well-attended and perhaps contentious, according to Barbara DeMarco-Reiche, lobbyist for the New Jersey Thoroughbred Horsemen's Association.
As expected, Garden State Park didn't request a Thoroughbred meet for 2001, but it did ask for live harness racing.
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