Private operators will take the reins from a New Jersey state agency and oversee horse racing tracks in the Meadowlands and Monmouth Park.

Gov. Chris Christie last week announced that Jeff Gural, who runs two New York tracks, will operate the Meadowlands Racetrack in northeast New Jersey beginning June 1. Gural has pledged to invest $90 million to construct a new grandstand at the Meadowlands and build an off-track betting facility in Bayonne.

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