December 14, 1994 |
International Thoroughbred Breeders, Inc., the parent company of Garden State Park, has exercised its option to purchase Freehold (N.J.) Raceway. The option was taken last March when ITB chairman Bob Brennan announced a proposed mega-deal that included the purchase of the state's three other race tracks - the Meadowlands, Monmouth Park and Atlantic City. The proposed deal included casinos at Garden State Park and the Meadowlands. That mega-deal remains on indefinite hold. "We've notified the (New Jersey Racing)
December 15, 1994 |
Robert E. Brennan, the controversial financier and self-annointed savior of the casino and racetrack industries in the state, has bought Freehold Raceway, the nation's oldest harness-racing track, for $23 million dollars. Brennan, who owns International Thoroughbred Breeders Inc., doesn't want to stop there. He says his offer to turn the Meadowlands Sports Complex into a gambling mecca that combines horse racing and floating casinos still stands. ITB, which owns Garden State Park, bought the options for Freehold and Atlantic City Racecourse in March as part of a "comprehensive casino gambling and racetrack rehabilitation plan for the entire state of New Jersey," Brennan said.
February 21, 1991 |
Saturday racing at Garden State Park will shift from nights to afternoons starting March 9, state officials said yesterday. The New Jersey State Horse Racing Commission approved the new hours by a 6-0 vote. Chairman Dennis Dowd abstained because of a conflict of interest; Dowd became president of Freehold Raceway in Freehold, N.J., earlier this week. The commission also gave Garden State permission to simulcast a series of major Saturday races from around the country.
December 12, 1992 |
Inclement weather forced the cancellation of racing cards at Philadelphia Park and at all three of New Jersey's operating race tracks. Track officals anticipate a resumption of racing at Philadelphia Park this afternoon, while Garden State Park will try to get in the final program of its harness racing season tonight. Garden State track president Arthur Winkler cited dangerous area road conditions, as well as concern over the safety of the racing oval, in ordering the closing at his venue.
October 22, 1998 |
International Thoroughbred Breeders (ITB) Inc.'s board of directors met yesterday in Cherry Hill without deciding the fate of Freehold Raceway and Garden State Park. ITB weighed offers for the two tracks, including one from a subsidiary of Greenwood Racing Inc., the owners of rival Philadelphia Park. An ITB official said last night that it's unlikely anything will be determined before the November elections. The subsidiary, Greenwood New Jersey, reached an agreement with ITB on July 2 to purchase Freehold, a harness track in central New Jersey, for $45 million plus contingencies, and to lease Garden State in Cherry Hill for $100,000 annually.
February 9, 1994 |
Philadelphia Park canceled yesterday's racing card because of the winter storm that dumped snow, sleet and freezing rain on the region. Racing is next scheduled for Friday. Garden State Park in Cherry Hill was not scheduled to race yesterday. The Meadowlands called off live racing and simulcasting last night because of the storm. The 11-race card was rescheduled for next Tuesday night. Freehold Raceway canceled yesterday's harness racing program. Racing also was canceled at Aqueduct, but a horse-virus watch continued, with no new cases of equine rhino-pneumonitis reported.
May 31, 2007 |
Hal Handel, chief executive officer at Philadelphia Park since 1998, began this week to oversee the company's holdings and interests in New Jersey. Joe Wilson, previously vice president of operations at the Bensalem track, will be chief operating officer at the track and its six off-track betting operations and phone-bet systems. Track president Bob Green said yesterday Handel's move was a case of "restructuring" to focus on the current development of off-track facilities, Atlantic City Race Course, Freehold Raceway, account wagering, and the possible future inclusion of slot machines at New Jersey's tracks.
March 22, 1994 |
One year ago, International Thoroughbred Breeders, Inc., the parent company of Garden State Park, was set to sell the track and get out of the racing business. ITB eventually decided to keep the track and continue racing. Now, the Daily News has learned, ITB is ready to announce a megadeal that has the potential to give the company control of every race track in New Jersey. The details are unclear at this point and company officials were unavailable for comment yesterday. But, apparently, ITB is ready to take options to purchase the Meadowlands, Monmouth Park, Atlantic City Race Course and Freehold Raceway.
March 22, 1986 |
Garden State Park officials said yesterday that they were ending weeknight simulcasts of harness races from Meadowlands Racetrack. Last night's card of live thoroughbred races and simultaneous harness simulcasts closed out the 1 1/2-week experiment. However, the Saturday-night harness simulcasts will continue at least through April 5, a spokesman said. The Cherry Hill track now is running its live thoroughbred cards on Saturday afternoon. Track officials will decide next week whether to extend the Saturday- afternoon live cards and the harness simulcasts on those evenings, the spokesman said.
September 4, 1998 |
Greenwood New Jersey Inc., which had reached an agreement to purchase Freehold Raceway and lease Garden State Park, has not yet closed on the deal, New Jersey officials said yesterday. Greenwood, a subsidiary of Greenwood Racing Inc., which operates Philadelphia Park and five off-track facilities in Pennsylvania, agreed in July to take control of the tracks in a $45 million deal with International Thoroughbred Breeders Inc. (ITB). According to details of the agreement filed with the U.S. Securities and Exchange Commission, the closing could have taken place anytime between yesterday and Dec. 31. "We have not been notified of any closing," said Dan Hennigan, a spokesman for the New Jersey Bureau of Gaming Enforcement.