Meadowlands to lose $2.7 mil this year
December 22, 2007
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A story in the Friday, Dec. 21 edition of the Newark Star-Ledger says the Meadowlands will lose $2.7 million this year and more than $5 million next year, and Dennis Robinson, the new CEO of the New Jersey Sports and Exposition Authority (NJSEA) is looking for ways to keep the state\'s horse racing industry alive.
Robinson told The Star-Ledger that boosting purses at the track \"is a critical issue for the entire racing industry.\"
He also noted that top manageament positions still remain open following a buyout package given to reduce the NJSEA\'s operating costs. \"There have been a number of positions that have remained open that, to run a first-class operation, we\'re going to need to fill,\" Robinson said.
Back in 2006 the NJSEA made $12.4 million at the Meadowlands and Monmouth Park, which it also owns. Monmouth is projected to lose $8.4 million this year and almost $8 millin next year.