Casino-Racetrack Deal Is Near For Meadowlands - 2004-02-20
An agreement to transfer millions of dollars from Atlantic City casinos to the Meadowlands Racetrack and Monmouth Park is nearing completion, officials said Wednesday. The New Jersey Sports and Exposition Authority would accept the money from Atlantic City casinos and in turn defer discussions about installing video lottery terminals, which are similar to slot machines, at the racetracks.
Sports authority President George Zoffinger said the discussions with the New Jersey Casino Association involved the association paying $20 million to $25 million to the racetracks over three or four years, but he added that hard figures were still being hammered out.
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