"I think they're in denial. Atlantic City's going to die without this help."

Jeff Gural, Chairman of Meadowlands Racing & Entertainment, discussed the plans recently unveiled by Meadowlands and Hard Rock International for a revamped gaming and entertainment centre at the East Rutherford, N.J. oval.

Gural was ecstatic with the presentation, turnout and coverage from Wednesday's press conference. He explained why this is such an important matter for harness racing and the state of New Jersey to bring to the forefront with a statewide referendum later this year to allow casino gaming outside of Atlantic City.

"The key for us is to get our message out, because people have to understand that the reason we're doing this is that we're going to pay a very high tax rate."

Gural estimates that a casino at The Meadowlands could generate as much as $500 million in taxes if they're open "by themselves for a while." Of that, a significant portion would be designated to help rebuild Atlantic City.

Given the opposition to this plan from certain segments, especially some in Atlantic City, Meadowlands' Justin Horowitz asked Gural why this is a good plan since others feels this will contribute to Atlantic City's demise.

"This has nothing to do with North vs. South...they said to me when I was down there, 'we don't want any competition from the North'. The problem is they have competition from the North, it's just not in New Jersey: it's in New York and Pennsylvania, and neither of those two states are offering to give them a dime."

Gural feels time of the essence, as if the referendum doesn't happen now it might not happen until 2017, which -- according to his estimates on tax revenue -- could cost the state around $1 billion.

From the racing side, Gural anticipates having the best purse structure "on the planet," with 10 per cent of the slots handle going to purses and half of that going to Monmouth Park.

"It would revive racing here; we'd be back to what we were."

When asked how certain he was that this would all go through, Gural balked at offering a guess.

"I'm not certain at all; there's one person that's standing in the way, and that's (New Jersey Senate President) Steve Sweeney. Unless we're able to persuade Steve -- who's a friend of mine -- to put it on the ballot, we're in trouble.

"Steve seems to think we'd be better putting in on next year, and I totally disagree. That's basically it. It's in his ballpark, and if he can't convince him it's not going to go on the ballot."

Gural and Horowitz discuss how slots could impact the number of race dates, how the current Meadowlands' facility would be impacted by this plan and what people of New Jersey should do to support this proposal. The interview is available below.