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BUSINESS
May 16, 1992 | By Glenn Macnow, INQUIRER STAFF WRITER
International Thoroughbred Breeders Inc., owner of Garden State Park racetrack, yesterday reported widening losses in the quarter ended March 31. ITB said the increased per-share loss stemmed from the fact that in the third quarter of fiscal 1991, the company received nonrecurring income on the sale of property at Garden State Park in Cherry Hill. The company said total revenues were up because of decreased operating losses, mainly thanks to last year's sale of Philadelphia Park, as well as because of increased interest income on the note held on the Philadelphia track.
NEWS
February 1, 2003 | By Tina Moore INQUIRER STAFF WRITER
A former assistant U.S. attorney who successfully helped prosecute two Philadelphia City Council members in a high-profile FBI investigation more than two decades ago has been appointed to lead a probe that could reach the governor's office. The Delaware County Redevelopment Authority said yesterday that Joseph M. Fioravanti would act as special counsel for the authority's fact-finding mission into a stalled application for a harness-racing track on the waterfront in Chester. The authority, made up of representatives from the Delaware County and Chester City governments, insists that Gov. Rendell unlawfully canceled a State Harness Racing Commission meeting at which the Chester Downs & Marina L.L.C.
NEWS
May 17, 2011
Operators of the Parx Casino racetrack have paid $389,000 to resolve pollution violations related to horse manure, the Pennsylvania Department of Environmental Protection said Monday. "Parx has accepted responsibility for its environmental violations with a payment . . . and a binding agreement to complete projects that will prevent future pollution incidents," said Joseph A. Feola, the agency's Southeastern Pennsylvania chief. The violations pertained to discharge of manure-laden water that polluted Neshaminy Creek.
NEWS
May 31, 2001 | By Ilene Renee Leese
Garden State Park rose from the ashes more than 16 years ago, only to be lowered back into its grave at a quiet burial Tuesday. The racetrack was one of Cherry Hill's largest employers and a major taxpayer to the township. What went wrong? The "racetrack of the 21st century" was a dazzling seven-story structure consisting of marble floors, brass bars, and extraordinary works of art. Still, it was out of its league in competing with the glamour of the Atlantic City casinos.
NEWS
May 22, 1993 | By David Lee Preston, INQUIRER STAFF WRITER
A 100,000-square-foot convention center and a 500-room hotel would supplement horse racing at Garden State Park if a Cherry Hill nursing home operator has his way. R. Steven Scherfel, 38, chairman and president of the Cherry Hill Convalescent Center, has offered $54 million to buy the beleaguered racetrack, which is up for sale. "He simply indicated to me that he expected he would have the ability to raise that money through borrowings," said Arthur Winkler, president of International Thoroughbred Breeders (ITB)
NEWS
September 21, 2001 | By Wendy Ginsberg INQUIRER SUBURBAN STAFF
Still upset with a developer's plan to turn the former Garden State Park racetrack into a large residential and retail complex, the township planning board last night chastised the new owners for "lack of commitment to the community" and "horrible planning. " On May 29, the township lost a landmark and its second-largest taxpayer when the racetrack closed, taking with it the $1.58 million per year it paid in county, township, school and fire-district taxes. Realen-Turnberry Cherry Hill Associates purchased the 223 acres and hopes to build a $500 million mix of apartments, condominiums, offices and shops.
LIVING
May 12, 1997 | By Theodore Ross, FOR THE INQUIRER
Lee Yuan Jiang, 51, is having a bad day, but as far as I'm concerned, he's looking good despite the angst. Race four at the Ho Chi Minh City (formerly Saigon) racetrack has just come in, and it was a photo finish. The winner, Lai o Nha, which means "Bring It on Home" in Vietnamese, trounced the field by several lengths, arrogantly distancing himself from the field like a thoroughbred testing himself against a pack of underfed greyhounds. That is not what is bothering Lee, a Taiwanese businessman who has been living and working in Ho Chi Minh City for almost five years.
NEWS
August 6, 2012
LONG POND, Pa. - A lightning strike in the parking lot at Pocono Raceway after a rain-shortened NASCAR race Sunday killed one person and injured nine others, racetrack officials said. Two people were taken to hospitals in critical condition. Racetrack president Brandon Igdalsky said one died at the Pocono Medical Center, but he provided no further details. The race was called because of storms with 98 of 160 scheduled laps completed. The track posted warnings on its Twitter page encouraging fans to "seek shelter as severe lightning and heavy winds are in our area.
BUSINESS
September 30, 1986 | By KEVIN HANEY, Daily News Staff Writer (Daily News staff writer Dick Jerardi also contributed to this story.)
The financial horse has yet to come in for International Throroughbred Breeders, operator of Philadelphia Park and Garden State Park racetracks. The company had a pre-tax loss of $39.1 million in its fiscal year ending June 30, ITB president Kerry Fitzpatrick disclosed yesterday. The company's largest single loss was $28.2 million from operating Garden State for its first full year of thoroughbred and harness meets. That included a $16 million loss in last fall's harness meet at the Cherry Hill, N.J., racetrack, Fitzpatrick said.
SPORTS
August 20, 2007
Always A Virgin, the top 3-year-old pacer in the country, won the fastest division of the Battle of the Brandywine in 1:51.3 yesterday at Harrah's Chester Casino and Racetrack. A former staple on the harness circuit, the Battle of the Brandywine was run for the first time since 1989. With so many entries, track officials divided the field into five divisions with a $50,000 purse in each. Other winners were May June Character (1:52.1), Trueys Legacy (1:53.1), Artist's View (1:52.
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SPORTS
June 12, 2015 | Bill Fleischman, Daily News Sports Columnist
WHEN YOUR RACING rivals are happy for you, a racer knows he's respected. After Martin Truex Jr. won at Pocono Sunday, Kevin Harvick, Jimmie Johnson and Dale Earnhardt Jr. expressed how happy they were for Truex and his girlfriend, Sherry Pollex, who appears healthy after dealing with ovarian cancer. Later, fans wrote emails and called radio stations with similar sentiments. "I'm still answering emails and text messages with congratulations, so that's been awesome," Truex said yesterday on a conference call.
NEWS
January 11, 2015 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - In another blow to the state's struggling horse racing industry, the owner of Atlantic City Race Course announced it will cease operations and close permanently after heavy losses the last eight years. The racetrack's last day of business for simulcasting will be Friday. The closure leaves New Jersey with three operating horse tracks - Meadowlands, Freehold, and Monmouth. "We regret to announce that we must close Atlantic City Race Course immediately due to continuous business decline in the industry, the current regional economic climate, and the absence of alternative revenue opportunities," Joe Wilson, president of Greenwood ACRA Inc., owner and operator of the track, said in a statement Friday.
SPORTS
July 24, 2014 | BY DICK JERARDI, Daily News Staff Writer jerardd@phillynews.com
ANYBODY WHO met Dan Borislow understood almost instantly they were dealing with a larger-than-life figure - in business, at the racetrack, as a gambler, in life, savoring anything and everything he did. The Plymouth Whitemarsh and Widener University grad made millions in the telecom business, first with Tel-Save, a long-distance telephone-service provider and, more recently, with "magicJack," the device that enables people to make long-distance calls...
NEWS
June 13, 2014 | By Allison Steele, Inquirer Staff Writer
For years, the Parx Casino Racetrack in Bensalem has been more than just a showcase for a fleet of highly prized horses. It is also home to as many as 300 stray and feral cats who roam the grounds freely, wander in and out of stables, and dart across parking lots. Parx officials have long been frustrated by the booming feline population, which could carry disease or present other threats to the horses. In recent months, rumors even spread that the track was planning to round up the creatures and exterminate them, allegations that Parx officials have denied.
NEWS
March 18, 2014 | By Jacqueline L. Urgo, Inquirer Staff Writer
They don't necessarily like the term flea market for a new shopping, entertainment, and food venue coming in May to the grounds of the historic Atlantic City Race Course. If the Mercato Market resembles a flea market at all, say husband-and-wife creators Dirk DaCosta and Dina Guzzardo, it's one on a strong dose of steroids. They plan a weekly scene of musical acts, carnivals, and food-truck caravans to round out the offerings of 600 to 800 vendors. "I would say it is the outdoor market reinvented," DaCosta, 51, a business consultant by trade and a native of London, said last week as he and Guzzardo, a former mortgage broker, finalized plans for the mammoth undertaking.
SPORTS
July 19, 2013 | By Bill Fleicshman, Daily News Columnist
MAYBE IT WAS the stifling summer heat and humidity . . . Normally, people go to New Hampshire in midsummer to relax. But there was more verbal sniping than usual after Sunday's New Hampshire Sprint Cup race. Kyle Busch vs. Ryan Newman . . . Kevin Harvick vs. Marcos Ambrose . . . Paul Menard vs. Jeff Gordon. Set up the boxing ring near the garage area at Indianapolis next week: We may have some action. The sniping highlight was Busch-Newman. After Kyle's brother, Kurt, was involved in an accident with Newman, Kyle said: "I really hated that Kurt got tore up. I felt like he had the best car here today, but, man, just stupidity.
SPORTS
January 18, 2013 | BY BILL FLEISCHMAN, For the Daily News fleiscb@phillynews.com
WHEN DR. JOSEPH Mattioli was in charge at Pocono Raceway, you could hear his booming voice from Stroudsburg to Wilkes-Barre. Nothing was accomplished at the racetrack without "Doc's" approval. Two years ago, the former Philadelphia dentist turned over the daily operation of the raceway to his grandsons, Brandon and Nick Igdalsky. Mattioli died last January at age 86. On Saturday, he will be inducted posthumously into the National Motorsports Press Association Hall of Fame in Charlotte, N.C. Also in the induction class are popular former NASCAR executive Jim Hunter and longtime broadcaster and track owner Ken Squier.
SPORTS
December 19, 2012 | INQUIRER STAFF REPORT
Chapter Seven and Market Share gave owner Richard Gutnick and trainer Linda Toscano a strong 1-2 punch on the racetrack. The stablemates knocked out the competition off the track as well. Chapter Seven on Tuesday was named trotter of the year by the U.S. Harness Writers Association, with Market Share finishing second in the organization's year-end Dan Patch Awards balloting. Chapter Seven, a 4-year-old who also was voted the sport's best older male trotter, received 89 of 146 votes to claim trotter of the year.
NEWS
October 26, 2012 | BY DANA DiFILIPPO, Daily News Staff Writer
ATV RIDERS SAY that they ride in city streets and parks because they have nowhere in Philadelphia to ride legally. But a coalition of all-terrain and dirt-bike enthusiasts is working to create a legal racetrack in Philly, eyeing the condemned 35-acre Logan Triangle tract. If all goes smoothly, it hopes to have a deal in place by spring. Of course, things rarely go smoothly when city government is involved, and the city owns the desolate site, where a whole neighborhood - almost 1,000 homes built decades ago atop old creekbeds filled with cinder and ash - was razed after the homes sank and shifted.
NEWS
August 6, 2012
LONG POND, Pa. - A lightning strike in the parking lot at Pocono Raceway after a rain-shortened NASCAR race Sunday killed one person and injured nine others, racetrack officials said. Two people were taken to hospitals in critical condition. Racetrack president Brandon Igdalsky said one died at the Pocono Medical Center, but he provided no further details. The race was called because of storms with 98 of 160 scheduled laps completed. The track posted warnings on its Twitter page encouraging fans to "seek shelter as severe lightning and heavy winds are in our area.
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