Two Chicago-area harness tracks with the same ownership voluntarily filed for bankruptcy protection Dec. 24 "to ensure continued operations," officials said.
The Illinois Racing Board is scrambling to cope with a huge civil judgment against the state's harness tracks that probably will push them into bankruptcy and threatens to impact Thoroughbred operations.
A bitter dispute between harness horsemen and Chicago-area tracks, threatening the industry's crucial legislative agenda, came to a head Feb. 17 with a victory for horsemen before the Illinois Racing Board.
The Illinois Racing Board, over the strong objections of horsemen groups, approved an application from Maywood Park July 25 to act as its own Advance Deposit Wagering licensee.
Requests for 2009 racing dates in Illinois show a few overlaps, including a month between Arlington Park and Hawthorne Race Course in late summer and early fall.
Churchill Downs Inc. reported a gain in earnings for 2002 but indicated it's looking to sell Ellis Park, the western Kentucky racetrack it purchased in 1998 as part of a $22 million package. The company's financial statement for 2002 was released Feb. 11.
The owners of Balmoral Park and Maywood Park in Illinois are interested in purchasing Ellis Park, the western Kentucky racetrack owned by Churchill Downs Inc., according to published reports.
An ongoing entry-box boycott by Illinois harness horsemen shut down live racing at Balmoral Park and Maywood Park for the first two weeks of 2003, with no end in sight and potential implications for the scheduled resumption of Thoroughbred racing in March.
The Illinois Racing Board Monday turned back an effort by Maywood Park Trotting Association and Balmoral Racing Club to strip the National Jockey Club of its intertrack wagering licenses in Peru, Joliet, and Crestwood.
An Illinois appeals court has upheld action by the state’s racing board to award harness dates for this year to Balmoral Park and Maywood Park.
Most Popular Stories
- TJC Acquires Majority Interest in Blood-Horse
- Insights on Jockey Club's Purchase of B-H
- Charles Town, Oaklawn Cancel Friday Cards
- New Round of Casino Bidding OK'd in New York
- Dr. Tony Ryan Book Award Semifinalists Named
- Baffert: Dortmund is 'Figuring it Out'
- McCarron Named New Trainer at Merryland Farm
- Churchill Weighs In on Its Racing Operations
- Horton Considers Rebel for Take Charge Brandi
- North Dakota May Owe Bankrupt ADW Millions