Developer dropping bid for sports betting at former New Jersey track

Developer dropping bid for sports betting at former New Jersey track

A developer is dropping a bid to offer sports gambling at the site of a former South Jersey racetrack.

In a letter to a federal judge on Tuesday, Cherry Hill Towne Center Partners said it wants to voluntarily dismiss its lawsuit against GS Park Racing and affiliated companies, the successor to the company that ran Garden State Park in Cherry Hill, where horse racing was last held in 2001.

The developer owns most of the property and has redeveloped it as a retail center. It has sought to build a sportsbook there to capitalize on New Jersey’s lucrative sports gambling industry.

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