HomePublicationsNewsletter ArchiveNewslettersVolume 20Issue 5Mount Pleasant Meadows Suspends Simulcast Wagering

On February 12, 2014, the Executive Director of the Michigan Gaming Control Board (“MGCB”) issued an order accepting Mount Pleasant Meadows’ (“MPM”) voluntary surrender of its 2014 Mixed Breed Race Meeting License and its 2014 Simulcast Permit. According to an MGCB press release issued on February 13, 2014, the license and permit were surrendered “after MPM’s Lender Group discontinued funding for simulcast operations.”

MPM was awarded its 2014 Mixed Breed Race Meeting License and Simulcast Permit by the Executive Director on October 31, 2013. Under the approval, the track was allocated 43 Mixed Breed racing dates between May 3, 2014 and September 28, 2014, with racing occurring on Saturdays and Sundays. The approval also included the award of a Simulcast Permit from January 1, 2014 through December 31, 2014. The October 31, 2013 approval, however, was amended on request of MPM by the Executive Director on January 21, 2014 to cancel 27 of the live racing dates.

MPM will maintain its Track License as it seeks new funding for operations. As stated in the MGCB press release, this will allow the track to resume live and simulcast racing once additional funding is received. MPM has indicated that any outstanding betting tickets purchased at MPM may be cashed at the track’s simulcast area from February 17, 2014 through February 21, 2014 from 9 a.m. to 5 p.m. Under the Executive Director’s Order, all simulcast purse pool monies allocated for the race meeting license will be placed into escrow until further notice.

 

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