The issue of whether a sportsbook could open up at the prior Garden State Park racetrack in Southern New Jersey may be answered.
A New Jersey judge should issue a ruling .
Cherry Hill is hoping to start an NJ sports facility where the Garden State Park racetrack stood. Greenwood is the former operator of Garden State Park. It stays opposed to anybody else taking bets there.
The crux of this problem revolves around even the Cherry Hill developers or who has the rights to accept wagers in the former racetrack: Greenwood.
Back in August 2018, when sportsbooks simply got off the floor, the Cherry Hill programmers started making rumblings in this way.
But GS Park Racing, today Greenwood Racing, has long claimed it holds restrictive covenants.
The developers back in March seemed to be moving ahead using sportsbook plans while the site is a retail , restaurant, and residential house complex.
Greenwood Racing sent a letter saying as Garden State Park was currently in the middle of litigation that the programmers were out of line.
There’s nothing legally preventing Cherry Hill from going forward with a sports betting facility on your home.
The NJ sports gambling laws allow for active NJ racetracks, Atlantic City casinos, along with two racetracks that are closed, such as Atlantic City Racetrack and Garden State Park, to apply for sports. Prior to the legislation was passed the prior racetracks needed to get held a race in the 15 years.
Garden State Park held its last race which makes it barely qualified.
The question is, who has the right?
Greenwood asserts it retains rights to take all wagers. Cherry Hill says legal sports wasn’t a part of the equation when Greenwood was granted rights. Based on Cherry Hill, this renders those rights invalid and unenforceable.
Cherry Hill has completely redeveloped the site to a business and residential zone. It figures it has the right to do exactly what it needs there.
Confusing items is the simple fact that both sides are in on the US sports business that is legal elsewhere.
Greenwood Racing has launched a sportsbook in Parx Casino at Pennsylvania. In addition, it opened two at two off-track betting facilities it owns and operates in the Philadelphia region.
In the meantime, Jack Morris is one of the principals behind Cherry Hill Towne Center Partners. He’s also a part owner of Hard Rock Atlantic City, which opened a sportsbook that is retail before this year.
Documents filed claiming that it was close to finalizing a deal with a company already operating an NJ sportsbook, last month.?? Cherry Hill composed it ought to be able to apply for an NJ sports gambling license regardless of the asserts of Greenwood.
Greenwood argued this week that Cherry Hill should not be able to submit an application for a permit. In addition, it wants the right.
Cherry Hill Towne Center Partners states it may have the sportsbook ready to go within 90 to 120 days. The website is just less than 10 miles from Philadelphia.