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New Jersey Sports Authority Okays Casino Purse Supplements Plan3 May 2004NEW JERSEY -- As reported by the Thoroughbred Times: ``The New Jersey Sports and Exposition Authority approved a plan on Wednesday between its two racetracks and New Jersey casinos that would put million of dollars into purses in exchange for the tracks' agreement to delay plans to add video slot machines to its facilities. ``The plan calls for the casinos to pay $86-million in subsidies to the Meadowlands, Monmouth Park, and Freehold Raceway, with $52-million slated to come from the Casino Reinvestment Development Authority, the Press of Atlantic City reports. ``…The casinos will pay the subsidies over the next four years, during which time the racetracks will not attempt to install video lottery terminals that could rival the gaming monopoly in Atlantic City…" |