Parx Racing and the Pennsylvania Thoroughbred Horsemen's Association have reached an agreement that will see the track offer top purses at a planned fall festival while cutting nearly 60 dates from the annual schedule.
The Pennsylvania Thoroughbred Horseman's Association unanimously approved the formation of Turning for Home, a Thoroughbred retirement program for trainers and owners at Philadelphia Park Casino & Racetrack.
Horsemen and management at Philadelphia Park came to terms on a live racing agreement Dec. 30 and averted a shutdown of live racing and simulcasting at the Pennsylvania track.
Live racing at Philadelphia Park could be suspended Jan. 1, 2003 if management and horsemen are unable to come to terms on a new live racing agreement, which expires at the end of December. Horsemen are particularly concerned over language in the contract that protects their share of purse revenue.
A plan for a Thoroughbred racetrack to be owned by horse owners has been floated in Pennsylvania, and the group awaits a hearing before the Pennsylvania State Horse Racing Commission.
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