Later this month, the issue of whether a stand alone sportsbook can open up at the Garden State Park racetrack in Southern New Jersey may be answered.
A New Jersey judge should issue a judgment .
Cherry Hill is expecting to open an sports gambling facility where the Garden State Park racetrack formerly stood. Greenwood is the prior owner of Garden State Park. It remains opposed to anybody else.
The crux of the issue revolves around who has the rights to accept wagers Greenwood or the Cherry Hill programmers.
Back in August 2018, when sportsbooks were just getting off the ground, the Cherry Hill programmers began making rumblings.
But GS Park Tours, now Greenwood Racing, has claimed it holds covenants.
While the website is a retail, restaurant, and residential house complex, the programmers back in March seemed to be??moving forward with sportsbook programs.
Greenwood Racing quickly sent a letter to Judge Renee Marie Bumb, stating since Garden State Park was now in the midst of litigation, that the developers were out of line.
There is nothing preventing Cherry Hill betting facility.
The NJ sports gambling legislation allow for Atlantic City casinos, both busy NJ racetracks, along with two racetracks, including Atlantic City Racetrack and Garden State Park, to apply for sports betting licenses. Prior to the legislation has been passed the former racetracks had to get held a race there in the 15 years.
Garden State Park held its last race which makes it barely eligible.
The question is, who gets the right?
Greenwood asserts it holds exclusive rights to accept all wagers on the house. Cherry Hill claims legal sports betting was not a part of the equation when Greenwood had been allowed exclusive rights. Based on Cherry Hill, this renders those rights unenforceable.
Cherry Hill has redeveloped the site into a mixed commercial and residential zone. It figures it has the right.
Confusing things is the simple fact that both sides are in online US sports betting business elsewhere.
Greenwood Racing has launched a sportsbook at Parx Casino at Pennsylvania. In addition, it opened at two facilities it owns and works in the Philadelphia region.
Meanwhile, Jack Morris is among the flaws supporting Cherry Hill Towne Center Partners. He is also part owner of Hard Rock Atlantic City, that opened a sportsbook before this season.
Last month, papers filed claiming it was close to finalizing a deal with a company already working an NJ sportsbook.?? Cherry Hill also wrote it should have the ability to apply for an NJ sports gambling license regardless of Greenwood’s claims.
Greenwood argued that Cherry Hill must not be able to apply for a license without consideration of this lawsuit. In addition, it wants the right.
Cherry Hill Towne Center Partners states it could have running within 90 to 120 days and the sportsbook up. The website is just off Route 70, less than 10 miles from Philadelphia.