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SBD/April 14, 2011/Facilities
Suffolk Downs Reportedly Lines Up Caesars Entertainment To Manage Gambling Resort
Published April 14, 2011
DEADLINE LOOMING: In New Jersey, Brennan & Reitmeyer note Gov. Chris Christie yesterday “expressed some skepticism” that New York real estate investor Jeff Gural “would be able to meet Friday’s deadline to complete a deal to take over the Meadowlands Racetrack.” The deal “appears to be the only way for the 35-year-old track to keep running a live card beyond a handful of dates this summer.” Gural said the deadline is a “drop dead date.” Both he and Christie “agreed there was no point in extending efforts beyond this Friday.” Gural said that he and his partners “expect to lose about $10 million to $12 million until a new, smaller grandstand can open in early 2013” (Bergen RECORD, 4/14).