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N.Y. Developer Jeff Gural Inks 30-Year Deal To Operate Meadowlands Racetrack
Published December 21, 2011
SURPASSING EXPECTATIONS: BLOODHORSE.com’s Jim Freer reported Gulfstream Park reported “average daily all-sources pari-mutuel handle of about $6.6 million during its first 10 race days in December, surpassing management’s expectations for its first December racing in several decades.” Track President & GM Tim Ritvo said that the average through Dec. 18 “was 14% higher than the $5.8 million average for days in April 2011 that Gulfstream is using as a comparison” (BLOODHORSE.com, 12/20).
SLOT SUBSIDIES: In Baltimore, Hanah Cho reports the Stronach Group, which owns Laurel Park and Pimlico Race Course, “plans to ask the state for up to $6 million in slots subsidies to help run 146 days of live racing at the two tracks next year.” The move “was part of a deal approved Tuesday by the Maryland Racing Commission, three days after the Maryland Jockey Club and the Maryland Thoroughbred Horsemen's Association agreed to maintain year-round racing in 2012.” The deal reached yesterday “also calls for the horsemen's group to contribute $4 million to the financially ailing Jockey Club to support the 146 days of live racing” (Baltimore SUN, 12/21).