Hard Rock International has entered into a long-term agreement with the New Meadowlands Racetrack, according to a report today on the 'Hurley in the Morning' local radio show.
Harry Hurley, the show's host, reported that Hard Rock will make an equity investment in New Meadowlands Racetrack. The agreement is wide-ranging and extends to any future developments at the racetrack, he said.
"It extends Hard Rock's ability to leverage gaming offerings and sports betting through this new alliance," Hurley reported on WPG 1450 (AM).
"If the current five-year Atlantic City gaming-only agreement between Gov. Christie and the New Jersey Legislature does not produce the desired results ... this really places Hard Rock in the pole position should the opportunity to expand gaming beyond Atlantic City occur three or more years from now," Hurley said.
Hurley reported that an official announcement of the plans is expected later today.