The Michigan Gaming Control Board issued a pair of executive orders Friday addressing the status of the state’s Thoroughbred simulcast purse pool while a live meet still hangs in the balance for 2011.
The orders freeze distributions from the Thoroughbred simulcast purse pool account and place the funds in escrow until a Thoroughbred race meeting license is issued.
Gaming Board executive director Richard Kalm also issued a series of comments and reiterations in the same document to discuss the current state of the purse pool, who controls it and exactly how the funds are supposed to be used according to the Michigan Horse Racing Act of 1995.
Among the key points stated by Kalm in the order, he noted that, “at this time, excluding a mixed breed race meeting licensee, there is no race meeting licensee in the State of Michigan approved to conduct a full schedule of thoroughbred horse racing.”
The mixed breed licensee referred to in the above statement is Mount Pleasant Meadows in central Michigan. Whether or not the state’s three harness tracks can apply for the Thoroughbred meet in the future was not clearly stated in the document.
Kalm also pointed out that the purse pool money is to be used solely for purses and administrative costs. Unauthorized use of the monies, including operating expenses, loans and obligations to maintain a race meeting, would be met with stiff penalties.
To read the Gaming Control Board’s executive orders, click here.