Hometown Solutions: Irace On Monmouth Park, Gaming and Fort Monmouth

Oceanport Councilman Joe Irace sat down with William Richards, Director of New Media at The Hall Institute for Public Policy as part of the institute’s Hometown Solutions series.

William and Joe discuss Monmouth Park racetrack, Fort Monmouth, the challenges Oceanport has faced in recent years with uncertainty for both institutions, and what looks like a promising comeback for Monmouth Park.


Posted: July 13th, 2012 | Author: | Filed under: Atlantic City, Fort Monmouth, Hall Institute for Public Policy-NJ, Horse Racing Industry, Joe Irace, Monmouth Park, Oceanport | Tags: , , , , , , , , , , , | 3 Comments »

$500 Million In State Revenues Projected From New Racino

New York State, that is.

A new “racino” with only electronic gambling is set to open next month at Aqueduct Racetrack in Jamaica, NY.  The facility is expected to generate $10 billion in annual betting, $500 million in annual revenue to the State of New York, and 1300 jobs.  The $10 billion bet at Aqueduct will top the $7 billion annual handle at the Empire City Casino at Yonkers Raceway.

So says today’s New York Post.

The Meadowlands Racetrack is closer to Mid-town Manhattan than Jamaica or Yonkers.

Would someone tell me again why New Jersey is leaving all of that money “on the table?”

Posted: September 21st, 2011 | Author: | Filed under: Horse Racing Industry | Tags: , , , , | 4 Comments »