Published:
April 15, 2010 02:26 pm EDT
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)
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