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Vernon can open Friday

April 03, 2007

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The New York State Racing and Wagering Board has received proof that Vernon Downs officials have repaid $6 million in loans and it has given the track permission to open its 2007 live racing meet on Friday. Currently Vernon\'s license takes it through April 28 (11 days of racing); the Board is scheduled to meet April 26 to decide on future approval of a 90-day meet.

Half the loan repayment went to former majority track owner Shawn Scott, with the other half going to the Las Vegas-based investment firm Vestin Mortgage. Vestin Mortgage is still owed about $19 million by Vernon.
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