Bay Meadows makes an announcement.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--March 24, 1997--Bay Meadows concluded its 1997 winter-spring racing season Sunday and, once again, bucked the nationwide trend of declining on-track attendance, making it very clear that thoroughbred racing at the Peninsula track is alive and well. An average of 4,634 fans attended the races daily at Bay Meadows during the nine-week meet and that was a solid 4.3 percent increase over 1996. That average was the highest for a Bay Meadows meet since the 1993 season. The on-track mutuel handle also showed a substantial gain, with the daily average being $1,015,780, an increase of 6.8 percent. The average daily handle, compared to the prior year, increased from $3,234,531 to $3,370,279, an increase of 4.2 percent. The increase in average daily handle was bolstered by a 9.6 percent increase in wagering at out-of-state locations even in the absence of wagering in the State of Nevada, formerly the largest contributor to out-of-state handle. The average daily handle figures do not include an average of $1,496,810 a day wagered in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, on the races at Bay Meadows. "We believe the continued increase in on-track attendance is a sign that Bay Area sports fans are once again becoming interested in thoroughbred racing and that Bay Meadows is successfully competing for the sports entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills. dollar," said Jack Liebau, president of Bay Meadows. "During the past meet, we were gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the large increase experienced in the number of groups attending our facility and believe that Bay Meadows is strategically located to benefit from the continued growth of business on the San Francisco Peninsula The San Francisco Peninsula in California separates the San Francisco Bay from the Pacific Ocean. On its northern tip is the city of San Francisco. On its southern end is part of Santa Clara County, including the cities of Palo Alto, Los Altos, and Mountain View. and in the South Bay. I am especially pleased by our on-track results because they vindicate the new marketing approach we took this season," Liebau continued. Bay Meadows Racecourse, located on the San Francisco Peninsula, is the principal asset of the California Jockey Club, an equity real estate investment trust. Its shares are traded on a paired basis with Bay Meadows Operating Company operating company A business that engages in transactions with outsiders. , which operates Bay Meadows Racecourse. The shares of the two companies trade on the AMEX AMEX See: American Stock Exchange under the name Bay Meadows and Symbol "CJ." CONTACT: Bay Meadows F. Jack Liebau, 415/573-4505 |
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