NJBiz.com reported in Friday, Aug. 6, that Mike Gulotta, prominent New Jersey horseman and owner and operator of Deo Volente Farms, has formulated a plan to revitalize the state’s horse racing industry and return it to profitability.
Elements of Gulotta’s proposal – a rebuttal to the Hanson Report – include changes to the Meadowlands meet that would emulate this year’s Monmouth Park meet with larger purses and fewer racing days. He also advocates privatizing the industry and his plan details how he would do that and what it would mean for racing.
By his estimation, Gulotta said that his plan would transform the industry from running a $20 million annual deficit to a $20 million surplus.
Gulotta planned to present his proposal to legislators at the NJ gaming held in Atlantic City last week.
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