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Surviving in a casino world

Updated: May 9, 2012, 11:46 AM ET
By Bill Finley | Special to ESPN.com

Monmouth Park is a wonderful racetrack with a rich history and tradition, but those things don't matter nearly as much as they should in the modern gaming world. Surrounded by tracks with slot machines in other states, Monmouth Park couldn't keep up with the competition and became a money-loser. The state of New Jersey, the one-time owner, didn't want it anymore, and neither did Morris Bailey, who ran it in 2011 but eventually backed out.

"You don't know how close Monmouth Park ...

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