11.07.2015 Views

2005 - Harness Tracks of America, Inc.

2005 - Harness Tracks of America, Inc.

2005 - Harness Tracks of America, Inc.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

HARNESS TRACKS OF AMERICACOURT ORDER ON EMERALDAn Illinois county judge has ruled that the IllinoisGaming Board must renew the bankrupt EmeraldCasino’s gaming license and allow it to relocate toRosemont. Cook County Judge Sophia Hall issuedan order that says the Illinois AppellateCourt’s decision in 2003 that gambling regulatorswere required to renew Emerald’s license shouldbe followed. Emerald’s attorney says the rulingmeans a hearing aimed at revoking the casino’slicense should stop. But Gaming Board attorneyscontend the ruling does nothing to stop that hearing.The board has been trying to revokeEmerald’s license since 2001 over concerns thatcompany <strong>of</strong>ficials lied to regulators and some investorsallegedly have ties to organized crime.VLT BILL MOVES TO NJ SENATEA bill that would allow as many as 5,000 video lotteryterminals at the Meadowlands Racetrackmoved to the full state Senate on Thursday. TheSenate Wagering, Tourism and Historic PreservationCommittee heard three hours <strong>of</strong> testimony,including presentations <strong>of</strong> contrasting studies thatestimated how many customers would bedrawn away from Atlantic City by slots inNew York, Pennsylvania and at the Meadowlands.Acting Gov. Richard Codey andExecutive NewsletterA daily fax and e-mail report on racing and gaming developments in North <strong>America</strong> and beyondStanley Paul J. Estok, F. Bergstein, Editor Editor June 10, <strong>2005</strong>MAINE GOV. VETOES RACINO other northern New Jersey Democrats have ledMaine Gov. John Baldacci on Thursday vetoed the push for VLTs at the Meadowlands. So muchthe bill that would have allowed a tribal-run harnesstrack with slot machines in the state’s Washmates$150 million in revenue to the state this yearso that Codey’s proposed budget for <strong>2005</strong> estiingtonCounty. Under the legislation, the and $300 million next year. A study by ChristiansenPassamaquoddy Tribe would have been permitted Capital Advisors found that VLTs at the Meadowlandswould have minimal impact on Atlantic Cityto operate a racetrack with up to 1,500 slot machines.When the legislature approved the bill compared to the expected damage from slot machinesin neighboring states. “It’s a changed mar-last week, neither the House <strong>of</strong> Representativesnor the Senate had the two-thirds majority needed ket for Atlantic City and nothing can reverse that,”to override a gubernatorial veto. Supporters <strong>of</strong> Eugene Christiansen said. “Meadowlands VLTsthe racino now are pushing for a statewide referendumon the issue.crossing the state borders into New York and Penn-will help prevent the New Jersey population fromsylvania.” A study performed byPricewatershouseCoopers, commissioned by theNew Jersey Casino Association, found exactly theopposite. For now, the bill is stuck in the Senateand facing an uncertain future in the House. Thesponsor <strong>of</strong> the bill, Paul Sarlo <strong>of</strong> Bergen County,believes a compromise could still be reached.“This budget still relies on $110 million fromVLTs,” Sarlo said. “Where are the alternatives?”YONKERS TO CLOSE JUNE 25?According to a report in the New York Daily News,Yonkers Raceway has filed a request with the NewYork State Racing and Wagering Board to end liveracing at the conclusion <strong>of</strong> the program on June25 and simulcasting following the last race on June26. The plan is to stay shut down four months inorder to complete the massive reconstruction necessaryfor VLTs to be installed. The request willbe presented to the Board as part <strong>of</strong> its regularlyscheduled monthly meeting on June 16.MAGNA & ODS SETTLE IN MD.The Baltimore Sun reports that a lawsuit betweenMagna Entertainment and ODS Technologies wassettled out <strong>of</strong> court this week. The suit stemmedfrom Magna’s desire to be released from its contractwith TVG. Although terms were not disclosed,current broadcast and wagering practiceswill continue.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!