A New York Supreme Court judge has ruled that Monticello Raceway must pay its bondholders $65 million

.

The track had gone to court hoping to escape meeting the calls, triggered when Plainfield Asset Management, a lead investor, called in $22.5 million of the notes of the track’s owners, Empire Resorts.

Former Empire CEO Joseph Bernstein says the track “should be fine” with the backing of 50% owner Kien Huat, a Malaysian casino giant.

(Harness Tracks of America)