Hard Rock Buys Stake in New Jersey Racetrack Manager
This article is for subscribers only.
Hard Rock International Inc., the operator of hotels, casinos and themed bars, bought an equity stake in the New Meadowlands Racetrack LLC, as it seeks to gain from the site’s expansion and possible gaming developments.
The investment is long term and “extends to any projected future developments” at the East Rutherford, New Jersey, racetrack, Hard Rock said today in a statement. Hard Rock, based in Orlando, Florida, and owned by the Seminole Indian tribe, didn’t disclose financial terms of the transaction.