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Vernon settlement?

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January 25, 2006 Send To A Friend  | Print View

A report by Associated Press Wednesday states that Oneida Entertainment and Vernon Downs Acquisition have reached an agreement that could lead to Vernon Downs re-opening. The agreement was announced in U.S. Bankruptcy Court in Utica on Tuesday.



The agreement calls for Oneida Entertainment to withdraw its plan to bring the track out of bankruptcy and become an investor in Vernon Downs Acquisition. Oneida is a partnership between Connecticut-based Plainfield Asset Management and San Diego businessman Eric Spector; Vernon Downs Acquisition is a partnership between New York City-based real estate investor and Standardbred owner Jeff Gural and Texas-based casino company Nevada Gold.




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