The Real Deal New York

From the July issue: Becoming successful in real estate is not easy. Not only does it take a stomach for risk, it also takes the ability to bounce back from failed projects — as many are trying to do now.
But once real estate executives achieve a certain level of success, they often seem to branch out to other areas of business.
For a while, the preferred next area seemed to be banking. Then, it was professional baseball and football teams. Now, all bets are off — or should we say on? — as a rush of real estate moguls get into horse racing and gaming, with the properties associated with these activities available at discounts. [more]