Pinnacle Race Course will not operate live racing or simulcasting this year after voluntarily surrendering its 2011 race meeting license earlier this week.
The Michigan HBPA website reports that it received an executive order from the Michigan Gaming Control Board making the action official. The Gaming Board had set a deadline of Wed. May 4 at 1 p.m. for Pinnacle to submit the paperwork needed to fulfill the “conditional” status of its 2011 racing license.
From the Michigan HBPA website…
MGCB..Post It Stables, Inc. d/b/a Pinnacle Race Course: MGCB issued an “ORDER ACCEPTING THE VOLUNTARILY SURRENDER OF THE 2011 THOROUGHBRED RACE MEETING LICENSE AND 2011 SIMULCAST PERMIT”
“In a letter dated May 2, 2011 and sent via electronic mail, Post It Stables,Inc., d/b/a Pinnacle Race Course, voluntarily surrendered its 2011 Thoroughbred Race Meeting license and its 2011 Simulcast permit.
The simulcast purse pool monies will be placed into escrow under the Horse Racing Law of 1995, Public Act 279 of 1995; MCL431.301 et seq., and the promulgated administrative rules. Further instructions will be provided under a separate order…..
This Order does not preclude Post It Stables, Inc., d/b/a Pinnacle Race Course from continuing to resolve its financial viability issues and to submit an application for the 2012 horse racing season under the Horse Racing Law of 1995, Public Act 279 of 1995; MCL 431.301 et seq., and the promulgated administrative rules.”
IT IS SO ORDERED.
Richard S. Kalm, Executive Director
Date: May 4,2011
Michigan Gaming Control Board
Any updates on this story will be reported as they are made available.
UPDATE: Here is a copy of the Executive Order issued by Gaming Board executive director Richard Kalm.
Crain’s Detroit Business wrote a piece on Pinnacle giving up its license, with quotes from co-owner Lisa Campbell and Michigan HBPA executive director Gary Tinkle. That story can be read here.
Here is a story from the Southgate News Herald, based in Detroit’s downriver area.