The Indiana Horse Racing Commission June 26 granted approval to Centaur, which owns the two racetracks in the state, to proceed with refinancing that won't impact slots revenue that goes to purses and breed programs.
Indianapolis-based Centaur, which owns Hoosier Park Racing & Casino in Anderson, Ind., recently missed interest payments and has defaulted on loans in excess of $400 million.
Rick Moore, general manager at Hoosier Park Racing & Casino, is leaving the Indiana track after 14 years, officials announced Aug. 29, opening day of the Thoroughbred meet. His last day will be Sept. 12.
The slots era for Indiana horse racing officially began June 2 when Hoosier Park Racing & Casino opened its doors to the public.
Hoosier Park owner Centaur received approval Feb. 25 to purchase the 110 acres of land on which the Anderson, Ind., racetrack sits.
Centaur, which owns Hoosier Park in Indiana, received approval Sept. 5 from the Pennsylvania Harness Racing Commission to build and operate a mile-long harness track and gaming facility in northwest Pennsylvania.
- By James Platz
By James Platz - While not a surprise, Churchill Downs' decision to sell Hoosier Park reflects on the health of the Indiana racing industry.
Tampa shippers Atticus Kristy and Around the Cape ran one-two in the $115,000 Shakertown (gr. IIIT) on the Keeneland turf Friday.
Rosecroft Raceway, a harness track in Maryland, will be sold, possibly to Frank Stronach's Magna Entertainment. Magna has recently purchased a majority interest in the Maryland Jockey Club, which operates Pimlico and Laurel Thoroughbred tracks.
At its general membership meeting Aug. 13, the Cloverleaf Standardbred Owners Association discussed two unsolicited proposals for the purchase of Rosecroft Raceway in Maryland from two racing corporations, one of which is Greenwood Racing. But the harness track apparently isn't for sale.
Centaur Racing is making a second attempt within a year to increase its stake in Hoosier Park. The company must first shed a moratorium it incurred during its last effort to buy a greater share of the Anderson, Ind., racetrack.
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