Effective immediately, Pinnacle Race Course will cease simulcast operations until 2011, a track press release announced Tuesday.
The release cited Michigan’s difficult economic conditions, the Michigan Gaming Control Board’s drastic reduction of race dates, made up with funds from the state’s horsemen’s groups, and the board’s rescinding of funding from the state’s simulcast tax as reasons for the closure.
The track will remain open to cash out tickets Nov. 3-5 from noon to 6 p.m. and Nov. 8-12 from noon to 2 p.m..
A specific date was not given for the track’s re-opening next year. The MGCB recently approved an 84-day live meet at Pinnacle for 2011.
Pinnacle’s hiatus will also have an effect on the payment of outstanding purse money expected to be covered by incoming simulcast funds.
From the Michigan HBPA website…
The loss of simulcast purse revenue will have an impact on issuing the balance of purses earned to the horsemen and women. Purses will be paid, but it may take a little longer.
Closing down simulcasting for the winter is a tactic that has been employed by other tracks in the midst of economic difficulties. Last year, Ellis Park in Henderson, Ky. suspended simulcast operations from Nov. 8, 2009 to April 1, 2010 to cut costs.
To view the track’s full press release, click here.