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VLTs Hook in Plan to Resurrect New York Racetrack9 September 2002NEW YORK -- As reported by Bloodhorse: ``A company that for years has been trying different ways to break into the racing industry has now set its sights on an obscure former Quarter Horse racetrack in upstate New York. ``TrackPower, whose major investors include Canadian and American businessmen, has announced a lease and option-to-purchase deal for Tioga Park, a long-shuttered track located west of Binghamton near the Pennsylvania border. While TrackPower announced it hopes to get Standardbred racing at the facility next year, its real prize would be video lottery terminals, which the company said it intends to pursue. ``Most racetracks in the state are eligible for VLTs, though a legal challenge is under way. Under state law, only one more track is eligible to be licensed in New York without the VLT law having to be amended. TrackPower said it intends to immediately apply to the New York State Racing and Wagering Board for that license. ``...The facility, once the subject of a political tussle, was open only briefly during the 1990s. In recent years, it has been home to rodeos and concerts..." |