Hard Rock to concentrate on building Metropolitan Park in New York
With its sights set firmly on developing its licence for a casino in New York City, Hard Rock International has sold its 50 per cent share in a potential casino in neighbouring New Jersey with the Meadowlands Racetrack.
The racetrack’s owner, Jeff Gural, confirmed that he has bought the share of the project for an undisclosed fee. There are currently proposals in New Jersey to open casinos outside of Atlantic City at Meadowlands and Monmouth Park to compete with the new casinos being opened in New York. Gural is confident that voters in a referendum will push for the opening of full casinos at the racetracks.
The Meadowlands project with Hard Rock came to light in 2015 with proposals for a casino with 200 gaming tables and 5,000 slot machines, but a referendum in 2016 voted against it.
Having secured a gaming license for Metropolitan Park in New York, Hard Rock International and Steve Cohen’s $8.1bn plan to convert 50 acres of asphalt surrounding Citi Field into one of New York’s three downtown casinos.
The post Hard Rock sells its shares in potential Meadowlands casino in New Jersey appeared first on G3 Newswire.
Hard Rock to concentrate on building Metropolitan Park in New York With its sights set firmly on developing its licence for a casino in New York City, Hard Rock International has sold its 50 per cent share in a potential casino in neighbouring New Jersey with the Meadowlands Racetrack. The racetrack’s owner, Jeff Gural, confirmed…
The post Hard Rock sells its shares in potential Meadowlands casino in New Jersey appeared first on G3 Newswire.