US: New Jersey VLT proposal finds supporters
For the past four years, the casino industry added supplements to horse racing purses - the supplements totaled more than us$ 80 million - in exchange for the racetracks not pursuing the slot-machine-like VLTs. But the money has run out, and one track, Freehold Raceway, has cut its purses twice since the start of the year. The Freehold purses have dropped from an average of us$ 53,000 a day to us$ 34,600.
Governor Corzine’s administration has presided over negotiations with the casino industry. Administration officials said those talks are continuing.
State Senador Jennifer Beck momentum is growing among legislators to consider allowing VLTs at the racetracks.
Thomas Luchento, president of the New Jersey Standardbred Breeders and Owners Association, said he and other racing officials are ready to make an “all-out push” for VLTs ’if they don’t come up with the purse supplement.
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