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Racing Bills Pass NJ Senate Committee

Published: June 21, 2011 1:53 pm ET

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On Monday, June 20, a New Jersey Senate Committee passed four bills in regard to the state horse racing industry.

According to a report by The Star-Ledger, Bill S2640 will allow the New Jersey Sports and Exposition Authority to run the Meadowlands Racetrack and Monmouth Park jointly with soon-to-be operators Jeff Gural (Meadowlands) and Morris Bailey (Monmouth). The joint-operation is needed because Gural and Morris have yet to be licensed. The bill would also reduce the number of race days at Monmouth Park to a minimum of 71.

Bill S2819 will remove a limit on how much Atlantic City casinos can pay to out-of-state racetracks for simulcast signals and increases the amount of revenue from those races the casinos can keep.

Bill A3710 and Bill A3580 were also passed.

(With files from The Star-Ledger)

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