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Article: Christie signs horse-racing privatization bill

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Could be the beginning of a positive trend for racing!

Christie signs horse-racing privatization bill
http://www.northjersey.com/sports/Christie_signs_horse-racing_privatization_bill.html

“We are taking the critical next step toward securing an independent and self-sustaining horse racing industry in the Garden State — one that no longer depends upon casino subsidies for its survival,” Christie said.

Christie last year refused to continue a nearly decade-old deal that had the Atlantic City casinos paying $30 million annually to subsidize horse racing purses. In return, the casinos got a pledge from the state not to pursue the idea of placing thousands of slot machines at the tracks. Christie has said he still opposes slots at tracks while Atlantic City is still struggling with increasing competition in neighboring states.

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