With the new, $88-million Meadowlands Racetrack scheduled to open for live racing on Saturday, Jeff Gural understandably has a case of the jitters.

Phil Walter, Getty Images

Gural, the managing partner of Meadowlands Racing and Entertainment, and fellow investors are wagering that the smaller building loaded with creature comforts for harness-racing fans and bettors will be able to turn a profit in an industry that has fallen on hard times.

The new Meadowlands is about a third of the size of the old one, which is located on the other side of the one-mile oval racing surface. Its grandstand can seat 2,200, and the clubhouse, simulcasting area, bars, upscale restaurant, sky boxes, corporate meeting rooms and outdoor terraces can hold 10,000.


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