Plans call for the usual 60-day summer meeting in 2013 beginning on Memorial Day. The track has not raced since 2010 and last year former owner Yavapai County Farm and Agriculture Association filed Chapter 7 bankruptcy.
A former president of the Arizona Horsemen's Benevolent and Protective Association submitted the highest bid of $3.25 million for bankrupt Yavapai Downs and hopes to return horse racing there this year.
The Yavapai County Farm & Agriculture Association, which operates Yavapai Downs in Prescott Valley, Ariz., announced July 13 that it has filed for protection under Chapter 7 of the U.S. Bankruptcy Code.
Yavapai Downs will not run a race meet in 2011 due to financial difficulties. Track management informed the Arizona Racing Commission and horsemen of the cancellation at a May 25 meeting.
A large increase in assessed property taxes at the Arizona racetrack threatens the scuttle this year's meet.
Account wagering companies no longer are accepting wagers from Arizona residents due to a law that took effect Sept. 19. Violation of the law is a class six felony, which could mean jail time.
Bettors in the Tucson, Ariz., area are again able to wager on horseracing simulcasts, but whether that will be the case in early September remains to be seen.
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