Meadowlands Negotiation Update; Gural To Appear On 'The O'Reilly Factor'

Published: April 14, 2011 10:51 am EDT

According to a report, prospective Meadowlands Racetrack lessee Jeff Gural and a handful of others met with track and state representatives on Wednesday, April 13 for three hours in regard to hammering out a deal for the real estate investor to take over operating control of the

East Rutherford, New Jersey track.

An article by Bob Jordan in the Asbury Park Press explains that the meeting was in regard to "economic issues," including how the track's simulcasting revenues will be divvied up. The report states that when the Meadowlands Racetrack is not hosting live racing, it is the highest-volume simulcast wagering location in the United States of America.

Gural has until Friday, April 15 to have a deal in place to take over operating control of the raceway. He has corralled $100 million in financing for his vision, although, what is standing in his way at this point is a deal with the unions representing various workers at the track.

"Two of the smaller unions are going along with it. The next step is to see how the tellers and security guards vote," Gural was quoted as saying in the article. "We also have to digest what came out of today's meeting."

The report quotes New Jersey Governor Chris Christie as saying "I don't expect a deal on the Meadowlands tomorrow (Thursday, April 14). We're still working on it."

In related news, Gural, who is also the owner of Tioga Downs and Vernon Downs in New York State, will appear on Fox News Channel's 'The O'Reilly Factor' tonight at 8:00 p.m. and 11:00 p.m.

(With files from the Asbury Park Press)

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Just an FYI. It has been reported that Jeff Gural is on Fox tonight, NOT to discuss the Meadowlands situation.