Tag Archives: Crain’s Detroit Business

Pinnacle Race Course surrenders racing license

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.

The Daily Racing form’s take on the story.

The Detroit News’ writeup.

The Detroit Free Press story.

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Michigan Notebook: August 26, 2010

Jockey Oscar Delgado has found success at tracks across the country, including Mount Pleasant Meadows.

– Crain’s Detroit Business has been monitoring the situation surrounding Pinnacle Race Course’s sale of a parcel of land to the Sault Ste. Marie Band of Chippewa Indians and the ensuing controversy it has generated in the local government. The publication has published several updates since the deal was publicly announced, outlining Pinnacle’s economic situation, tax snafus by the Huron Township government, and concerns by local leaders about the handling of Pinnacle’s incentives to purchase and build on the property.

Here is a list of stories published on the site in recent days. There are some inaccuracies in a few of the details (most notably suggesting the racetracks themselves are footing the bill for additional State regulation when it is actually coming from the horsemen’s purse pools), but the general idea paints an unsettling picture of the relationship between the track and local government.

8-25 – Text of Wayne County Commission’s concerns about Pinnacle Race Course

8-25 – Commissioners weigh legal issues of Pinnacle land deal

8-24 – Tax bill snafu puts Pinnacle in arrears, Racecourse fights assessments, battles other financial problems

– Detroit News editorial page editor Nolan Finley discussed the state government’s treatment of Michigan’s horse racing industry in his column on Thursday. Finley notes the hypocrisy of offering movie studios hundreds of millions in breaks and incentives to film in Michigan, while leaving horse racing, an industry that generates money for the state and provides jobs without the massive state investments, out to dry. Michigan Thoroughbred Owners and Breeders Association president Patti Dickinson and Pinnacle Race Course owner Jerry Campbell are quoted in the piece, as is spokeswoman for Governor Jennifer Granholm, Liz Boyd.

Hoosier Park put out a news item on Aug. 12 about Quarter Horse jockey Oscar Delgado, also a regular at Mount Pleasant Meadows. The piece profiles Delgado’s life and racing career, where he has won riding titles at Mount Pleasant and the inaugural Quarter Horse meet at Hialeah Park. He also discusses racing against his brother, Juan, who is among the leading Quarter Horse riders at Mount Pleasant and the Indiana circuit. Oscar Delgado currently hangs his tack at Prairie Meadows in Altoona, Iowa.

– The Michigan Thoroughbred Owners and Breeders Association Yearling Sale is this Sunday at the Michigan State University Pavilion’s south barn. The yearling show begins ay 9 a.m. followed by the sale at 1 p.m.. For an online catalog of the sale, click here. To view this site’s preview of Sunday’s sale, click here.

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