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Oceanport Wants Monmouth Park Considered As Site For Casino-Style Gambling

OCEANPORT: The borough council continues its support of its largest taxpayer, Monmouth Park, and is now pushing for the race track to be in the running for the construction of a casino outside of Atlantic City.

The council is pursuing a resolution urging revenue sharing between casinos and Monmouth Park and the horse racing industry in the event that a casino is at either the Meadowlands or Jersey City or possibly the Oceanport race track itself.

"A portion of that revenue should be shared to support and save and protect Monmouth Park and horse racing in New Jersey," Councilman Joe Irace said. "Our intent is to support Monmouth Park to keep as a historic and quality racing establishment."

Reports say that a referendum on allowing casino-style gambling outside of Atlantic City could be on ballots in the November 2015 election

Mayor Michael Mahon said he wants to make sure the resolution states that Monmouth Park should be included in the referendum.

"We want the document to reference Monmouth Park as a location being included in the referendum for slots outside of Atlantic City," Mahon said. "I don't know that Jersey City has a race track, but they seem to have more headway on getting a casino or slots outside of AC."

The council is still working on the language of the resolution and will likely adopt it at a future meeting.

Casino-style gambling is the next hope for increasing revenue at Monmouth Park, which lost around $4.5 million last year, and could continue at that pace unless something is changed.

Legislators are trying to allow sports wagering to begin at Monmouth Park, but the major sports leagues were granted an injunction in November, and the plan has stalled until the Third Circuit Court of Appeals hears the case.

This also caused the park to halt its plans to build a concert venue.

Monmouth Park officials said in November that they planned to bring fantasy sports betting to the race track, however there have been no updates since on the development of that plan.


Read more from: Oceanport

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