NJ sports betting clearance may help to revamp Cherry Hill racetrack

NJ sports betting clearance may help to revamp Cherry Hill racetrack

“Racing makes Heroin addiction look like a vague wish for something salty” so said, Peter Egan.

If you cast your mind back, you may recall the old Cherry Hill Racetrack? Towne Place at Garden State Park, the top-end residential and retail development in Cherry Hill last functioned as a horse-racetrack in 2001. One of the only reminders left of the old Garden State Park Racetrack is the original gate of entry built in 1942 between route 70 and Garden State Boulevard.

Online Sports Betting NJ - Taking bets now!

The rescinding of the PASPA laws by the US Supreme Court in May this year may revitalize the use of the premises for its original purpose. Why? Two words: Sports Betting online.

When Governor Phil Murphy signed the NJ online sports betting legislation into law a few short weeks ago, he potentially started a domino effect for former ailing sports facilities and the construction industry in the state.

The signing of the bill into law which permits “wagering at casinos and racetracks on certain professional and collegiate sports or athletic events” also states that a former racetrack is defined as a racetrack where a horse race meeting was conducted within the previous 15 years prior to legislation proposed in 2014 relating to the first efforts to repeal the sports betting ban. This makes Cherry Hill a viable option for re-development.

Cherry Hill Racetrack Could Re-open for Sports Betting License

Former Senator Raymond Lesniak, one of the original lawmakers proposing the legalization of sports betting, confirmed recently that Cherry Hill was very definitely on his mind for rejuvenation on account of the lucrative economic activity that it could bring to the area if they were able to change the law.

Now this is the part which gets really intriguing – Jack Morris who developed Towne Place at Garden State Park is the primary shareholder of no other than Hard Rock Casino AC, which opened at the end of June 2018 with much pomp and ceremony; and which has been hailed as one of many casino investments to put Atlantic City back on the tourist map. Surely he would see the huge potential working with partner Joseph Marino of 21 Construction Corporation, and power-broker George Norcross for a new development?

While Morris and his associates remain uncommitted to inquiries made as to whether they intend investing in a further development at Cherry Hill, a spokesperson has vaguely indicated that if the considerable capital outlay could be secured – and this would require millions of dollars - there may be a possibility of development.

 The likelihood of that happening imminently, however, seems unlikely.

Profile Pic.
About Rich Migliorisi

Long before taking on the role of Managing Editor for BonusSeeker.com in 2018, Rich Migliorisi began his journey with a degree in Film & Broadcasting. Rich began his career as a film editor, but as a lifelong sports fan and an enthusiastic writer, he decided to also pursue a sports writing career in 2013. Rich was nominated by the Fantasy Sports Writers Association (FSWA) for Fantasy Baseball Writer of the Year in 2013 for his editorial work. During this time, Rich simultaneously contributed to various sports publications and video editing projects, while also grinding poker for a living. In 2015, he was hired at MLB Advanced Media as a Senior Site Manager on MLB.com. Rich later joined NHL.com in the same capacity, lending his talent to both operations until joining the team at BonusSeeker. His experience in sports and poker makes for a unique blend of expertise in the world of online casinos and sports betting.

MLB, NHL, The Fantasy Fix, Video Editor, Poker Player

Latest News

A Comparison Between Online Gambling In Canada To The United States

A Comparison Between Online Gambling In Canada To The United States

The legality of online gambling in both Canada and the Unite...

GAMBLING LEGISLATION
2019 Gold Cup Odds & Predictions As USMNT-Mexico Clash In Final

2019 Gold Cup Odds & Predictions As USMNT-Mexico Clash In Final

The United States Men’s National Soccer Team is aiming to pu...

SPORTS PICKS AND PREDICTIONS
USWNT Looks To Repeat As Champion In 2019 Women’s World Cup Final

USWNT Looks To Repeat As Champion In 2019 Women’s World Cup Final

We have arrived at the final stage of the 2019 Women’s World...

SPORTS PICKS AND PREDICTIONS

Featured In

Business Insider
MarketWatch
Reuters
Yahoo! Finance
This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, FanDuel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy - XML Sitemap