TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie says a deal has been reached to lease the Meadowlands and Monmouth Park racetracks to private operators who will run them without state purse subsidies.
Christie said Thursday night that the private operators will assume control of the tracks on June 1.
New York investor and developer Jeff Gural will take control of the Meadowlands harness racing track in East Rutherford.
Resorts Atlantic City casino owner Morris Bailey will operate the Monmouth Park thoroughbred track in Oceanport.