Assembly Republican Press Release -
Assemblywoman Caroline Casagrande said the recent announcement of the planned closing of Showplace Farms should serve as a wakeup call to Trenton. The Millstone-based Standardbred farm is home to 425 horses, a first class training center and a swimming pool for rehabilitation.
“The horseracing industry has been warning us for years that it is getting increasingly difficult to compete with neighboring states that offer higher purses fueled by racinos,” said Casagrande, R-Monmouth County. “The closure of Showplace Farms is further proof that New Jersey must act now to protect this vital industry.”
“Horseracing is a billion dollar industry that provides close to 12 thousand jobs,” explains Casagrande. “Losing those jobs would be devastating to the Monmouth County Economy, and would trickle down to veterinarians, tack shops and the pleasure-riding community.
“Our beautiful horse farms are also an important part of open space preservation,” the Assemblywoman points out. “Every farm lost is a loss for the environment.”
Casagrande is a strong advocate for slot machines at the Meadowlands, Freehold Raceway and Monmouth Park.
“The state needs to do more to create a climate where higher purses can attract quality horses to all our tracks,” said Casagrande. “The popularity of Triple Crown-winner American Pharoah and excitement for the Haskell Invitational is drawing national attention and shows there is still great interest in horseracing in New Jersey.”
New Jersey already lost Perretti Farms, and Showplace Farms will close in October, explained Casagrande. “There is bipartisan support for expanding gaming in New Jersey. The Legislature needs to act now, before another horse farm closes for good and the future of this critical industry is further jeopardized.”