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Real Estate Mogul Joins Capital Play NY Bid
In the US, Karl O'Farrell (president & chief executive of the Australian syndicate Capital Play, bidding for the franchise to run New York racing at Aqueduct, Belmont Park & Saratoga) announced high-profile real estate developer Stephen Ross "has agreed to buy a 20% stake in Capital Play", reported bloodhorse.com. Among Ross's projects is the Time Warner Center in Manhattan.