Rockingham Park Signs Agreement with Millennium Gaming

As reported by the Boston Globe: "Rockingham Park, which continues its attempts to obtain video lottery terminals, announced yesterday that it has entered into an agreement with Millennium Gaming and Oak Tree Capital Management, as the Salem, N.H., track seeks to improve its situation. The goal is to enhance live racing and create entertainment opportunities.

"Millennium Gaming is a Nevada corporation that holds a majority interest in Cannery Casino Resorts, which owns and operates the Cannery Hotel and Casino and the Rampart Casino, both in Las Vegas. Oak Tree Capital Management is a private investment firm based in Los Angeles that manages a portfolio in excess of $28 billion.

"Bottom line, Rock's efforts to obtain expanded gaming have not worked, and management hopes this relationship can offer some fresh faces and new ideas in an attempt to get its point across and break the political stalemate. On the racing side, Rock intends to extend its commitment to harness racing beyond 2006 and attempt to bring some thoroughbred grass racing back to the track. This year's harness meeting concludes on Labor Day, while simulcasting continues year-round…"