Darby Development, led by CEO Dennis Drazin, has assumed full control of Monmouth Park in New Jersey under a new 85-year lease agreement. Having operated the racetrack for the past 12 years, Darby now plans a major expansion to transform the site into a multifaceted entertainment destination. The redevelopment plans include a new Caesars Sportsbook, a 200-room hotel, 298 apartments for residents aged 55 and over, a youth sports complex, and an entertainment center.