NJ Dates 2011 Rumors

[peakpros]

Heres what's making the backstretch.

2011: NJ racing Dates

141 days $175-200K in purses a day.

No help from Date

So much for the 2011 elite meet.

[The Hawk]

That would be an unmitigated disaster, even more so if slots are in NY by then.

[Jasonm921]

That would be a nail in their coffin.

[David-LV]

NJ Dates 2011 Rumor

150-200 days $150k-200k in purses a day.

Monmouth April-September

Meadowlands October-December

It looks like The Meadowlands is back in the thoroughbred business.

__________

David-LV

[njstu44]

You have no idea of what you are talking about....Why post something so idiotic....I have many horses at monmouth park and kulina tells me that the purses will remain about the same......

[David-LV]

You have no idea of what you are talking about....Why post something so idiotic....I have many horses at monmouth park and kulina tells me that the purses will remain about the same......

If you read the post thoroughly you would have picked up the word RUMOR.

________
David-LV

[peakpros]

You have no idea of what you are talking about....Why post something so idiotic....I have many horses at monmouth park and kulina tells me that the purses will remain about the same......

Your not the only owner here. Have a few myself.

I can not confirm this. Not sure anyone can. But that is the word on the backstretch right now.

[peakpros]

That would be a nail in their coffin.


That's the general feeling.

[onefast99]

Your not the only owner here. Have a few myself.

I can not confirm this. Not sure anyone can. But that is the word on the backstretch right now.
Drazin has yet to put forth his plan to Governor Christi, once that is done everyone will sit down and put together the model that will be implemented for 2011. The NJSEA will also weigh in around the 1st week of January as once again they are bound by the agreement with the casinos until January 1st 2011. I am sure the numbers will be much higher and the racing dates about the same as this year. There will be no racing at the Meadowlands unless the turf course is used similar to AC's mini meet which again will carry 6 days.

[lamboguy]

monmoujth has a nice history behind it even though its not that old. phil iselin started the place because he had conviction and made the place work. in 2011 it will be just as challenging as when it began, but because of its history that is what's going to keep it going down the road.

[The_Knight_Sky]

Drazin has yet to put forth his plan to Governor Christi, once that is done everyone will sit down and put together the model that will be implemented for 2011. The NJSEA will also weigh in around the 1st week of January as once again they are bound by the agreement with the casinos until January 1st 2011.

I am sure the numbers will be much higher and the racing dates about the same as this year. There will be no racing at the Meadowlands unless the turf course is used similar to AC's mini meet which again will carry 6 days.



Finally a voice of reason in this thread.
If I could, I'd put a "squash" emoticon :ThmbDown: next to the rumor.

After painstakingly making the Elite Summer Meet work, does anyone think that Dennis Drazin, John Forbes and Robert Kulina are going to trade progress for what some people may be thinking on the backside? Not bloody likely. All three of these leaders have too much invested in NJ racing to allow a reversal of course.

Admittedly the news has been slow since Gaming Summit III, and I have been scanning for news on the introduction of bills in the legislature but nothing earthshattering has turned up yet. I propose we wait until Thanksgiving before we get impatient.

I have always believed that the Monmouth meet should stop at the Labor Day point. The handle and attendance figures are being compiled to mid-November this year at Monmouth, and are sure to outperform the Meadowlands numbers from last autumn. However there have been no 'boutique meet" ever conducted at the Meadowlands.

A Friday / Saturday evening format with a strong purse structure is worth a try in East Rutherford, concluding at Halloween.

As it stands The Meadowlands has become vastly underutilized as a live racing facility. And the autumn meet numbers at Monmouth Park have expectedly decreased in comparison to the Elite Summer Meet. The goal should be to continue to keep the Monmouth Summer product strong, even if purses have to be "borrowed" from the autumn meet portion.

[Robert Goren]

April Fools Day in October!

[peakpros]

April Fools Day in October!

You think this is a freak'n joke. People are worried about next years existence.

This info comes from people who work for two trainers that have led the trainers standing. And not exercise riders who gossip on everything.

People who told me about the 50 day meet before it was finalized.

Horseman with 40 stalls.

Of course the workers hope this is not true but the consensus is no help from the state since this year they lost money again.

And let me ask you when was the last time you were in the backstretch at Monmouth.

[peakpros]

Drazin has yet to put forth his plan to Governor Christi, once that is done everyone will sit down and put together the model that will be implemented for 2011. The NJSEA will also weigh in around the 1st week of January as once again they are bound by the agreement with the casinos until January 1st 2011. I am sure the numbers will be much higher and the racing dates about the same as this year. There will be no racing at the Meadowlands unless the turf course is used similar to AC's mini meet which again will carry 6 days.

I agree to some extent. However I think you take the 141 x 175k and that's your purses for the year. They may let the horseman select the overall dates.

Over 50 dates that's a little less than 500k a day if my math in my head is correct.

Time will tell

[Robert Goren]

You think this is a freak'n joke. People are worried about next years existence.

This info comes from people who work for two trainers that have led the trainers standing. And not exercise riders who gossip on everything.

People who told me about the 50 day meet before it was finalized.

Horseman with 40 stalls.

Of course the workers hope this is not true but the consensus is no help from the state since this year they lost money again.

And let me ask you when was the last time you were in the backstretch at Monmouth.Another horseman who doesn't realize who makes the whole thing happen. Where were you last year when they got all that money from the casinos and did nothing for gamblers. Don't tell how one or two extra non contenders in a race makes up for the outrageously high takeout rates in the win pools. You and the rest of the horse people made your bed last and now you got to sleep in it. I said when the plan was announced that it no chance of turning NJ racing into a profitable business, but was told i was wrong by horse person after horse person. If you don't treat the gamblers with respect, you don't get our money. You have now become a bunch of beggars trying to live of some else dime instead marketing a product that I and other gamblers would actually would want to bet on. It is tough world out there and the customer is always right. They have spoken on your product and found it unworthy of their business. Now you want the NJ taxpayers to bail you out went they are laying off teachers, police,and firefighters. They are canceling public works projects. Why in the world are you more important than a teacher, a cop, a firefighter or the guy who builds the roads? You seem to think so.

[peakpros]

Another horseman who doesn't realize who makes the whole thing happen. Where were you last year when they got all that money from the casinos and did nothing for gamblers. Don't tell how one or two extra non contenders in a race makes up for the outrageously high takeout rates in the win pools. You and the rest of the horse people made your bed last and now you got to sleep in it. I said when the plan was announced that it no chance of turning NJ racing into a profitable business, but was told i was wrong by horse person after horse person. If you don't treat the gamblers with respect, you don't get our money. You have now become a bunch of beggars trying to live of some else dime instead marketing a product that I and other gamblers would actually would want to bet on. It is tough world out there and the customer is always right. They have spoken on your product and found it unworthy of their business. Now you want the NJ taxpayers to bail you out went they are laying off teachers, police,and firefighters. They are canceling public works projects. Why in the world are you more important than a teacher, a cop, a firefighter or the guy who builds the roads? You seem to think so.


Mr High and mighty go back and look at my posts and find were once I agreed with the set-up for 2010.

And I was blasted by many on this forum. I have said from the beginning of the year that they swung the pendulum too far in the other direction.

I'm not asking for anything from the state. Except that they give us the same priviliges and playing field they give the casinos.

[onefast99]

Based on my conversation today with several racing execs at MP it looks as if the 141 day meet will be forthcoming and to make it even worse the track must support itself off of the revenues from the OTW's and what they take in, in essence there will be no state support.

[GatetoWire]

Based on my conversation today with several racing execs at MP it looks as if the 141 day meet will be forthcoming and to make it even worse the track must support itself off of the revenues from the OTW's and what they take in, in essence there will be no state support.


If this is the case there is no way that they will be able to survive.
They will surrounded by Racino's and no one will want to race there.

NYRA, PARX and Delaware Park will steal all of the horses which will lead to terrible racing and no betting.....which will lead to lower purses and worse racing.....this is the exact cycle that Laurel and Pimlico have been in for the last 5 years.

[The_Knight_Sky]

Based on my conversation today with several racing execs at MP it looks as if the 141 day meet will be forthcoming and to make it even worse the track must support itself off of the revenues from the OTW's and what they take in, in essence there will be no state support.



onefast09 -

What about the possibilities of amending the minimum racing dates requirements for the calendar year 2011?

Since Mr. Drazin is chairman of the NJ Racing Commission it is my understanding that he will have a lot to say about the allocation of the racing dates for each racetrack in New Jersey.

I am still holding out hope that if purse supplements are not available,
then tightening of the belts are in order. That means no archaic 141 racing dates on the calendar. The less-is-more-concept must be continued to some degree.

[peakpros]

Based on my conversation today with several racing execs at MP it looks as if the 141 day meet will be forthcoming and to make it even worse the track must support itself off of the revenues from the OTW's and what they take in, in essence there will be no state support.


I also confirmed today what I heard with other horseman and also with people involved with the racing industry as a whole. I did not want to write anything until someone else could confirm it.


I realize in my orginal post I wrote..."no help from the DATE"...that should have been STATE.

Total number of dates is still up in the air to some degree.

[The_Knight_Sky]

Meanwhile...back at the ranch, the trotters and pacers are "in negotiations".

MEADOWLANDS READIES FOR FALL MEET, 2011 PLANS UNDERWAY (http://sboanj.com/index.asp?Key=1771)
MANALAPAN, NJ – October 12, 2010 – As the Meadowlands readies for this fall’s harness meet, plans are also underway for 2011.

“No one should doubt that there will be a 2011 meet at the Meadowlands – anywhere from 100 to 141 dates -- and it will feature the highest quality of racing with purses ranging from good to industry leading, depending on the success of our negotiations,” said Tom Luchento, president of the Standardbred Breeders & Owners Association of New Jersey.

“We know horsemen need to make their plans and rest assured the Meadowlands will be racing next year,” Luchento noted. “We thank all of you who have aided us in many ways, including donations to our political action committee, TrotPAC. We hope we can continue to count on your support.”

[onefast99]

onefast09 -

What about the possibilities of amending the minimum racing dates requirements for the calendar year 2011?

Since Mr. Drazin is chairman of the NJ Racing Commission it is my understanding that he will have a lot to say about the allocation of the racing dates for each racetrack in New Jersey.

I am still holding out hope that if purse supplements are not available,
then tightening of the belts are in order. That means no archaic 141 racing dates on the calendar. The less-is-more-concept must be continued to some degree.
I don't know if the horseman have any bargaining powers left. Yes the boutique meet was a success but that was largely due to the purse structure enhancements. We all must face the reality that based on what is being discussed, the track must generate its own revenue. The NJSEA will formulate a plan and the OTW's will kick in the monies for the majority of the costs but as we are seeing the state is sending the racing industry a message that it doesn't want to be a partner in its demise or survival.

[The_Knight_Sky]

.....we are seeing the state is sending the racing industry a message
that it doesn't want to be a partner in its demise or survival.




Then why should the state have their fingers in the till?

Every state should forgo its share of the parimutuel cut
from every wagering pool so horse racing can augment the purses and overhead.

Sounds rad but fair enough to me. :ThmbUp:

[Robert Goren]

Then why should the state have their fingers in the till?

Every state should forgo its share of the parimutuel cut
from every wagering pool so horse racing can augment the purses and overhead.

Sounds rad but fair enough to me. :ThmbUp:What is the state share of the takeout in NJ?

[alhattab]

I don't know if the horseman have any bargaining powers left. Yes the boutique meet was a success but that was largely due to the purse structure enhancements. We all must face the reality that based on what is being discussed, the track must generate its own revenue. The NJSEA will formulate a plan and the OTW's will kick in the monies for the majority of the costs but as we are seeing the state is sending the racing industry a message that it doesn't want to be a partner in its demise or survival.

My recall/understanding is that the state must provide 140 days of T'bred racing by law, and that this law expires in 2016. I believe this was written into the OTW law. If my recall is correct, this is the horsemen's key bargaining chip. 140 days is not sustainable and presumably the state will get killed with this sort of arrangement. But then purses will get hit, and the downward spiral will continue. If I were the horsemen, I would hold my ground given the law is on their side, then try to convince the state that the state will be better off (i.e., lose less in total) with some kind of financial support in exchange for a shorter meet.

[onefast99]

Then why should the state have their fingers in the till?

Every state should forgo its share of the parimutuel cut
from every wagering pool so horse racing can augment the purses and overhead.

Sounds rad but fair enough to me. :ThmbUp:
Hopefully when everybody gets together again in January there will be concessions from both sides. The state has to allow the racetracks a "fair" chance at survival, could you imagine if the same deal is given to the racing industry that AC enjoys? The bottom line is the Meadowlands has to be a part of racings future for both the t-breds and harness. The casinos have to include the Meadowlands in an expansion project of the gaming industry to the northern part of the state, if it doesn't no one will survive.

[onefast99]

My recall/understanding is that the state must provide 140 days of T'bred racing by law, and that this law expires in 2016. I believe this was written into the OTW law. If my recall is correct, this is the horsemen's key bargaining chip. 140 days is not sustainable and presumably the state will get killed with this sort of arrangement. But then purses will get hit, and the downward spiral will continue. If I were the horsemen, I would hold my ground given the law is on their side, then try to convince the state that the state will be better off (i.e., lose less in total) with some kind of financial support in exchange for a shorter meet.
You are correct. The only way to survive is by cutting the racing days as well as limiting the use of MP. MP should have their normal meet, with reduced days and larger purses. In October switch back to the Meadowlands for Thursday night Friday night and Saturday night racing. The Tuesday matinee should also continue with as many turf races as possible.

[thespaah]

You think this is a freak'n joke. People are worried about next years existence.

This info comes from people who work for two trainers that have led the trainers standing. And not exercise riders who gossip on everything.

People who told me about the 50 day meet before it was finalized.

Horseman with 40 stalls.

Of course the workers hope this is not true but the consensus is no help from the state since this year they lost money again.

And let me ask you when was the last time you were in the backstretch at Monmouth.Goren is Mr Contraian. If one says the sky is blue, he says he would say "What shade of blue?" Upon reading/hearing your answer, he'd say "No. It isn't".

[thespaah]

Another horseman who doesn't realize who makes the whole thing happen. Where were you last year when they got all that money from the casinos and did nothing for gamblers. Don't tell how one or two extra non contenders in a race makes up for the outrageously high takeout rates in the win pools. You and the rest of the horse people made your bed last and now you got to sleep in it. I said when the plan was announced that it no chance of turning NJ racing into a profitable business, but was told i was wrong by horse person after horse person. If you don't treat the gamblers with respect, you don't get our money. You have now become a bunch of beggars trying to live of some else dime instead marketing a product that I and other gamblers would actually would want to bet on. It is tough world out there and the customer is always right. They have spoken on your product and found it unworthy of their business. Now you want the NJ taxpayers to bail you out went they are laying off teachers, police,and firefighters. They are canceling public works projects. Why in the world are you more important than a teacher, a cop, a firefighter or the guy who builds the roads? You seem to think so.
No one stated horsemen were more important than the people you mentioned.
If you examine the facts, Christie is going to bat FOR the taxpayers of NJ by taking on the unions reperesenting public employees.
That in and if itself indicates the gravy train of fleecing NJ taxpayers has left the proverbial station.
BTW, the casino subsidy was generated from the play in AC. Now it is ended.
And please spare me the rationalizations and hair splitting.
Done.

[thespaah]

You are correct. The only way to survive is by cutting the racing days as well as limiting the use of MP. MP should have their normal meet, with reduced days and larger purses. In October switch back to the Meadowlands for Thursday night Friday night and Saturday night racing. The Tuesday matinee should also continue with as many turf races as possible.Great idea!.....Autumn in northern NJ is one the least rainy periods during the year..
Here's a graph .....look at precip...The avg rainfall in October for Newark Liberty Int'l is the lowest during the calendar year. Perhaps a weekend only turf meet would work. Three eves a week. 8 or 9 races per card.
MTH should stick with the 50 program race meet.
http://www.wunderground.com/NORMS/DisplayNORMS.asp?AirportCode=KEWR&StateCode=NJ&SafeCityName=Newark_International&Units=none&IATA=EWR&lastyear=on&normals=on

[thespaah]

Hopefully when everybody gets together again in January there will be concessions from both sides. The state has to allow the racetracks a "fair" chance at survival, could you imagine if the same deal is given to the racing industry that AC enjoys? The bottom line is the Meadowlands has to be a part of racings future for both the t-breds and harness. The casinos have to include the Meadowlands in an expansion project of the gaming industry to the northern part of the state, if it doesn't no one will survive.
Correct...If it doesn't no one will survive.
Strictly speculating here. AC must be getting bombed by competition from Eastern PA casinos in the Philadelphia area. AC also has a terrible image problem regarding safety due to the rampant crime and overall filth of the city.

[David-LV]

Atlantic City has not been a safe place to visit since the days of Nucky Thompson.

__________
David-LV

[onefast99]

Great idea!.....Autumn in northern NJ is one the least rainy periods during the year..
Here's a graph .....look at precip...The avg rainfall in October for Newark Liberty Int'l is the lowest during the calendar year. Perhaps a weekend only turf meet would work. Three eves a week. 8 or 9 races per card.
MTH should stick with the 50 program race meet.
http://www.wunderground.com/NORMS/DisplayNORMS.asp?AirportCode=KEWR&StateCode=NJ&SafeCityName=Newark_International&Units=none&IATA=EWR&lastyear=on&normals=on
Due to the Giants/Jets games there can be no Sunday Meadowlands racing in the fall unless both teams are away, that is why you have to have the Tuesday matinee.

[onefast99]

Correct...If it doesn't no one will survive.
Strictly speculating here. AC must be getting bombed by competition from Eastern PA casinos in the Philadelphia area. AC also has a terrible image problem regarding safety due to the rampant crime and overall filth of the city.
I haven't been to AC since March, I go to the Sands in Bethlehem and Parx. The Sands is 47 minutes from me with very little traffic.

[The_Knight_Sky]

Due to the Giants/Jets games there can be no Sunday Meadowlands racing in the fall unless both teams are away, that is why you have to have the Tuesday matinee.




That is correct. The fact that they designed the new Meadowlands stadium right on top of the racetrack steps does not help the traffic flow.

I was hoping after 30 years the racetrack patrons would get their own little parking lot on on Paterson Plank Road for Sundays. More poor planning at the Sports Complex is continuing to lead to lost opportunities for revenue.

That said, Tuesday matinee does not keep with the prime-time evening signal
that The Meadowlands has been known for. Let's be blunt here...
Weekday afternoon racing at the Meadowlands has been a failure.
Let us not go down that route ever again. ;)

[The_Knight_Sky]

What is the state share of the takeout in NJ?




Good question.
Sounds like something the HANA guys may have at their disposal.

I'd love to see the breakdown state-by-state how much their racetracks
send to the state capital percentage-wise as well as the annual totals.

Can someone from HANA post a link if the data is available. Thanks. :ThmbUp:

[onefast99]

That is correct. The fact that they designed the new Meadowlands stadium right on top of the racetrack steps does not help the traffic flow.

I was hoping after 30 years the racetrack patrons would get their own little parking lot on on Paterson Plank Road for Sundays. More poor planning at the Sports Complex is continuing to lead to lost opportunities for revenue.

That said, Tuesday matinee does not keep with the prime-time evening signal
that The Meadowlands has been known for. Let's be blunt here...
Weekday afternoon racing at the Meadowlands has been a failure.
Let us not go down that route ever again. ;)
Tuesday matinees were always decent, you only go against Delaware and Parx in the northeast. You are absolutely correct on how they built the new stadium it does sit right on top of the racetrack and the traffic flow is awful for those who park by the racetrack. Within the next few weeks there will be a lot more talk on the MP racing situation as the 141 day format isn't sitting well with management.

[The_Knight_Sky]

Tuesday matinees were always decent, you only go against Delaware and Parx in the northeast.




True but Tuesday matinees mixed in with night racing does not create continuity.

Just look at Turfway Park, Woodbine, Hollywood Park. None of them have created a loyal fan base by throwing up a post time against the wall.
If anything it creates dissent among their loyal customers.

Every racetrack must carve a niche.
Either it is a mid-week track. A night time track. Or a weekend track.
A clear choice has to be made moving forward with the patrons in mind.

[onefast99]

True but Tuesday matinees mixed in with night racing does not create continuity.

Just look at Turfway Park, Woodbine, Hollywood Park. None of them have created a loyal fan base by throwing up a post time against the wall.
If anything it creates dissent among their loyal customers.

Every racetrack must carve a niche.
Either it is a mid-week track. A night time track. Or a weekend track.
A clear choice has to be made moving forward with the patrons in mind.
The simple fact is that NJ is re-creating the racing schedule as evidenced by the three day meet at MP from May thru September. Now people are just getting use to the 2 day Saturday and Sunday meet and as it looks the people aren't interested. I would like to see the NJSEA do a Thursday thru Saturday night at the Meadowlands and a Tuesday afternoon matinee loaded with turf races. At this point there is no consistentcy with the thoroughbreds in our state.

[alhattab]

http://www.nj.com/news/index.ssf/2010/10/nj_democrats_push_for_electron.html

Proposals are vague. Calling for making elite meet for the chariots, cutting expenses and removing red-tape to opening OTWs. Proposing legalized internet gaming for AC and sports betting (latter subject to referendum). Unclear if the plan diverts some of the on-line revenues to help support racing.

So lemme get this straight: AC casino interests don't want slots at Club Med because it will cannibalize AC. Yet allowing everyone access in their own homes will not. I guess allowing in-home helps get around the issue of putting slots at a racetrack? Does this make sense to anybody? If it does, please enlighten me.

[thespaah]

Due to the Giants/Jets games there can be no Sunday Meadowlands racing in the fall unless both teams are away, that is why you have to have the Tuesday matinee.Correct. I made no mention of actual days is because in an earlier post another person mentioned thursday friday and saturday. I thought it useless to mention those days again. It had already been covered.

[castaway01]

Correct...If it doesn't no one will survive.
Strictly speculating here. AC must be getting bombed by competition from Eastern PA casinos in the Philadelphia area. AC also has a terrible image problem regarding safety due to the rampant crime and overall filth of the city.

You are right about AC's image, but that didn't stop people from going there in the past. It was just as bad in AC back when the casinos were booming. And Chester, PA is not exactly one of the garden spots of the world, yet their casino is doing just fine.

[castaway01]

http://www.nj.com/news/index.ssf/2010/10/nj_democrats_push_for_electron.html

Proposals are vague. Calling for making elite meet for the chariots, cutting expenses and removing red-tape to opening OTWs. Proposing legalized internet gaming for AC and sports betting (latter subject to referendum). Unclear if the plan diverts some of the on-line revenues to help support racing.

So lemme get this straight: AC casino interests don't want slots at Club Med because it will cannibalize AC. Yet allowing everyone access in their own homes will not. I guess allowing in-home helps get around the issue of putting slots at a racetrack? Does this make sense to anybody? If it does, please enlighten me.

There's a theory that casino interests want the Meadowlands racetrack dead so that they can develop casinos on that property on their terms with nothing tied into purses, getting all the revenue, etc., but I don't know how realistic that is.

[The_Knight_Sky]

There's a theory that casino interests want the Meadowlands racetrack dead so that they can develop casinos on that property on their terms with nothing tied into purses, getting all the revenue, etc., but I don't know how realistic that is.


That's the whole ball game. Iraq invaded Kuwait for oil.
The casino factions have designs on invading The Meadowlands Sports Complex which is prime real estate.

It was obvious when Mr. Hanson "recommmended" that The Meadowlands Racetrack be demolished in favor of the dumpy Encap site near route 3.
Casinos cannot be allowed to move into northern NJ http://i54.tinypic.com/fyg66t.gif Tenants are already residing there. And there is nothing wrong with the current location of The Meadowlands Racetrack.

[onefast99]

There's a theory that casino interests want the Meadowlands racetrack dead so that they can develop casinos on that property on their terms with nothing tied into purses, getting all the revenue, etc., but I don't know how realistic that is.
It is unrealistic, the NJSEA owns the buildings and leaseholds they will not hand it over to the casinos no matter what any politician says or does. One of the reasons is the $85m debt service from the now torn down Giants Stadium. I am sure the casinos would gladly payoff the NJSEA's debt service but the fact that a casino on that property would greatly benefit the NJSEA, the horseman, the taxpayers and the entire state is reason enough that they wouldn't just hand it over without being an integral part of it!

[Robert Goren]

NJSEA is an extension of the state government of New Jersey. Its ruling body is appointed by the governor. They will do whatever the governor wants. Nobody is buck this extremely popular governor. That is the political reality right now.

[onefast99]

NJSEA is an extension of the state government of New Jersey. Its ruling body is appointed by the governor. They will do whatever the governor wants. Nobody is buck this extremely popular governor. That is the political reality right now.
The NJSEA is appointed by the Governor but the State Senate must also approve the members. There are also 3 ex-officio members on the 16 man board and they have no vote. The Governor cannot just snap his fingers and say "you do as I tell you or else", NJ politics are pretty rough but not that rough. You also forgot to mention the NJ racing commission and their say in the future of the racetracks. Simply put NJ will emerge as one of the most advanced gaming states in the country today, mark my words!

[onefast99]

Just in case Mr Goren would like a little education on the NJSEA and what it has done for the state here is a nice article. This also includes the racetracks!

New Jersey Taxpayers Big Winners From Meadowlands and Monmouth Park Revenue East Rutherford NJ-Figures released by Board of Commissioners of the New Jersey Sports & Exposition Authority (see attachment) show that New Jersey taxpayers have benefitted to the tune of a staggering $650 million in direct receipts from the Meadowlands Sports Complex and Monmouth Park since their inception in 1976 and 1985 respectively.

“Sales and income tax on the events, tickets, concessions and employment generated by the New Jersey Sports & Exposition is a significant contributor to the State treasury,” stated NJSEA President and Chief Executive Officer Dennis Robinson. “We note with pride that 2006 through 2009 have seen the highest revenue yet from our facilities averaging over $30 million annually to the State.”


NJSEA Chairman Carl Goldberg, “Of even greater significance in a time of economic difficulties, the opening of the new Meadowlands Stadium will dramatically increase these already impressive sales and income taxes numbers and provide a tremendous employment and revenue boost for the region.”

Meadowlands Regional Chamber of Commerce President Jim Kirkos added.,” One of the critical elements of these dramatic numbers is that it does not even include the hundreds of millions of dollars of economic benefit from the team payrolls and investment in the State and the huge positive impact of Sports Complex events and attendees on area restaurants, hotels and small businesses.”

[thespaah]

The NJSEA is appointed by the Governor but the State Senate must also approve the members. There are also 3 ex-officio members on the 16 man board and they have no vote. The Governor cannot just snap his fingers and say "you do as I tell you or else", NJ politics are pretty rough but not that rough. You also forgot to mention the NJ racing commission and their say in the future of the racetracks. Simply put NJ will emerge as one of the most advanced gaming states in the country today, mark my words!Only if a casino is built at The Meadowlands.
AC is all but dead.
How many of those casinos on the Boardwalk have declared bankruptcy?

[Robert Goren]

For the record, The AC casinos (and others else where) used to declare chapter 11 all the time. I know Trump did it at least once. I am not sure if they still are doing it since the federal law was change a few years back.
There is no way that this NJ governor is going used tax money to keep open a race track. He has his eyes on running for president in either 2012 or 2016. He doesn't want to have explain that to the Republican voters who want smaller government. The claim that it will save jobs might fly with Democrats, but not with Republicans.
Everything that all of you say might well be true, but it doesn't matter in this political environment.

[onefast99]

For the record, The AC casinos (and others else where) used to declare chapter 11 all the time. I know Trump did it at least once. I am not sure if they still are doing it since the federal law was change a few years back.
There is no way that this NJ governor is going used tax money to keep open a race track. He has his eyes on running for president in either 2012 or 2016. He doesn't want to have explain that to the Republican voters who want smaller government. The claim that it will save jobs might fly with Democrats, but not with Republicans.
Everything that all of you say might well be true, but it doesn't matter in this political environment.
The Title 11 or Bankruptcy law changes that took place primarily have to do with the following, claims under $2m will be able to file an expedited reorganization form, taxes due to the individual filing will be used to settle claims once the reorganization is approved and put into the trustees hands and there is a shorter period of time that a reorganization plan must be approved or else the creditiors may submit a plan of their own. Several casinos filed under the protection of the chapter 11 bk law. They were the Sands in 1998, Trump Entertainment in 1992, 2004 and 2009 as well as the Claridge in 2001 which was purchased by Ceasers during the bk and later acquired by Harrahs Entertainment in 2005. In the last bk filing Trump resigned as CEO, maintained a 28% holdings in the company and then bought it back for $100m with his daughter Ivanka and the Beal Bank of Dallas. He shed about $1b in debt service and owes only a $486m note due in 2020.

[The_Knight_Sky]

“Sales and income tax on the events, tickets, concessions and employment generated by the New Jersey Sports & Exposition is a significant contributor to the State treasury,” stated NJSEA President and Chief Executive Officer Dennis Robinson. “We note with pride that 2006 through 2009 have seen the highest revenue yet from our facilities averaging over $30 million annually to the State.”




Can you please link to the source, onefast99 :confused:

Thanks.

[onefast99]

Can you please link to the source, onefast99 :confused:

Thanks.
http://www.njsea.com/news.aspx?year=2010&id=391

[The_Knight_Sky]

http://www.njsea.com/news.aspx?year=2010&id=391

Thanks. That's an old release. Consider me disappointed.
I thought the NJSEA started to lob some volleys across the net.
It is in their best interest to speak and remove all doubt in the media.
The public opinion is being swayed in the interim.

As far as I know there is no "formal gag order" until January 1st.

It should be noted that the current employees of the NJSEA are not entirely responsible for the mess. Mr. Hanson and Mr. Mulcahy just might be.

[onefast99]

Thanks. That's an old release. Consider me disappointed.
I thought the NJSEA started to lob some volleys across the net.
It is in their best interest to speak and remove all doubt in the media.
The public opinion is being swayed in the interim.

As far as I know there is no "formal gag order" until January 1st.

It should be noted that the current employees of the NJSEA are not entirely responsible for the mess. Mr. Hanson and Mr. Mulcahy just might be.
The NJSEA is under agreement with the casinos until midnight December 31st 2010. This is the reason they haven't said anything pro or con on the horse racing issues or the casino re-development plan. I am sure they will have plenty to say and may even have a plan of their own sometime in early 2011.

[The_Knight_Sky]

The NJSEA is under agreement with the casinos until midnight December 31st 2010.



Agreement not to publicly lobby for slots at The Meadowlands.
That should not mean they're under a "gag order".

They must counter the nonsense that the Meadowlands Racetrack is for sale for $1.

Providing actual figures to the media regarding how much the Meadowlands Racetrack has $ent to Trenton over the years would be a start.

[onefast99]

Agreement not to publicly lobby for slots at The Meadowlands.
That should not mean they're under a "gag order".

They must counter the nonsense that the Meadowlands Racetrack is for sale for $1.

Providing actual figures to the media regarding how much the Meadowlands Racetrack has $ent to Trenton over the years would be a start.
As you are aware the casinos continue to assert that they did not give the race tracks the monies to keep them out of the slots business. The NJ casinos are just subsidizing the horse racing industry. The big problem is that many on the Governors Commission believe this to be the case while everyone else knows the monies were a direct payoff to keep the vlt's out of MP and the Meadowlands. The NJSEA won't come out with anything until Drazin has worked up a plan and presents it to the Governor. Stay tuned...

[The_Knight_Sky]

The big problem is that many on the Governors Commission believe this to be the case while everyone else knows the monies were a direct payoff to keep the vlt's out of MP and the Meadowlands.




I think "believe" is too polite a word.

There were some very intelligent people on the commission.
Unfortunately they were either biased or politically-influenced to put things
in The Hanson Report in a manner that was detrimental to horse racing.

[onefast99]

I think "believe" is too polite a word.

There were some very intelligent people on the commission.
Unfortunately they were either biased or politically-influenced to put things
in The Hanson Report in a manner that was detrimental to horse racing.
The entire report is biased thus creating the North vs the South, which will never end.

[badcompany]

The Meadowlands fall harness meet only runs two days a week, Fri & Sat. It makes you think that horseracing is being phased out at that venue.

[Brogan]

The Meadowlands fall harness meet only runs two days a week, Fri & Sat. It makes you think that horseracing is being phased out at that venue.
The Monmouth "fall meet" is also only two days, Saturdays and Sundays. Does that mean Monmouth is being phased out?

I don't think so.

[David-LV]

The Meadowlands fall harness meet only runs two days a week, Fri & Sat. It makes you think that horseracing is being phased out at that venue.

The Meadowlands harness never runs this time of year, these days appear to be extra days for the harness.

__________
David-LV

[The_Knight_Sky]

The Meadowlands harness never runs this time of year, these days appear to be extra days for the harness.

__________
David-LV


That is correct.
In recent years the standardbreds have been hosting a fall meet at the underutilized racetrack in East Rutherford, NJ.

When I started following the horses, they'd race a Opening Day Labor Day matinee card was followed by evening racing the rest of the meet. The mid-80's featured live thoroughbreds all the way into early to mid-December.

The standardbreds usually started after Christmas.
I still think a Labor Day to Halloween thoroughbred boutique meet is in the best interest of The Meadowlands and their pristine turf course.

Primetime evenings. Fridays and Saturday.
Anything more is overkill at this point in time.

[onefast99]

That is correct.
In recent years the standardbreds have been hosting a fall meet at the underutilized racetrack in East Rutherford, NJ.

When I started following the horses, they'd race a Opening Day Labor Day matinee card was followed by evening racing the rest of the meet. The mid-80's featured live thoroughbreds all the way into early to mid-December.

The standardbreds usually started after Christmas.
I still think a Labor Day to Halloween thoroughbred boutique meet is in the best interest of The Meadowlands and their pristine turf course.

Primetime evenings. Fridays and Saturday.
Anything more is overkill at this point in time.
I still think the Tuesday matinee is something that should be part of the meet.