Horse Racing News - 2007/2008

March 20, 2008

The Office of Racing Commissioner granted approval to develop a thoroughbred race track in Wayne County this past Wednesday. The Michigan Racing Commissioner issued a license to Post-It Stables Inc. of Jackson, MI to control and operate the Pinnacle Race Course.

The license that Post-It Stables Inc. will receive is one of only three available horse racing licenses for the Metro Detroit area, according to the Horse Racing Law of 1995, and will be the state’s only racetrack having thoroughbred racing. The other two tracks in Metro Detroit are located in Hazel Park and Northville and have harness horse racing.

December 13, 2007

Jerry Campbell and his wife Felicia, the President of Post It Stables, Inc. announced that construction will begin on the Pinnacle Race Course in March of next year and the expect the track to be completed in time for racing to commence on July 18th. The grandstand will not yet be constructed, so the developers plan to bring in temporary seating for the first season of racing.

November 1, 2007

On, October 31st, Racing Commissioner Christine C. White signed orders authorizing the 2008 live and simulcast horse racing calendar for Michigan’s four pari-mutuel harness race tracks, and for Michigan’s only mixed breed track.

The 2008 live harness race schedule calls for a total of 286 days of standardbred horse racing at the four locations and involves five corporations.

Northville Downs- Total of 53 days from January 4 to April 5

Sports Creek Raceway- Total of 69 days from January 4 to May 4 and November 28 to December 31

Hazel Park Raceway- Total of 92 days from April 18 to September 27

Jackson Harness Raceway – Total of 31 days from May 9 to July 19

Northville Racing Corporation- Total of 41 days from October 3 to December 14

November 1, 2007

On October 31st, Racing Commissioner Christine C. White announced that she has approved the 2008 race date application submitted by Jerry Campbell and Post It Stables, Inc. for thoroughbred racing in Wayne County. The order is signed with a contingency clause that the track application progresses through due process and is approved

October 25, 2007

On Monday, October 22, 2007 the Office of Racing Commissioner announced that it had received a letter from a representative of Winfield Cooper III withdrawing his application for thoroughbred race dates at Great Lakes Downs for the 2008 calendar year. Mr. Cooper has filed an application for race dates that was conditioned upon his being able to reach an agreement to conduct the races at Great Lakes Downs. Magna Entertainment Corporation announced earlier this year that it was going to cease racing at Great Lakes Downs, and that it was seeking a buyer for the facility.

October 11, 2007

Post It Stables, a Jackson Michigan company, announced the details of its plan for a new track in the Detroit Metropolitan area, the promised “Pinnacle Race Course” to be located near Detroit Metro Airport. The company proposing the new course is led by Jerry Campbell, a successful Michigan banker and long-time thoroughbred horse owner.

The proposed track will include 200,000 square feet of retail space, a large family picnic area and 20 luxury boxes. If a track license is granted quickly, and race dates are approved, Pinnacle Race Course could open in September 2008.

September 6, 2007

The Office of Racing Commissioner (“ORC”) reported that it received applications from all four existing harness tracks, and Mt. Pleasant Meadows last week. Additionally, the Racing Commissioner received applications for thoroughbred race dates from two companies, and received two additional “letters of interest” expressing an interest in conducting thoroughbred racing.

Friday, August 31, 2007 was the deadline for the submission of 2008 race date applications under state law. The racing commissioner has set a hearing on the race date applications for October 8th, and is expected to announce the final approved race dates on October 31st. The ORC is in the process of reviewing the applications.

August 21, 2007

The Michigan House of Representatives' Committee on Regulatory Reform held a hearing on the topic of "racinos". The hearing was called in anticipation that a bill would be introduced dealing with the topic. Although the Committee did not have legislation to consider, the hearing went forward and the committee took testimony from various representatives of Michigan's horse racing industry, who suggested to panel members that Michigan's horse tracks need the additional gaming options to stay competitive.

August 15, 2007

Last week, Magna Entertainment Corp. announced that it has relinquished its thoroughbred race track license for Michigan Downs, a proposed $100 million racetrack complex near Detroit Metropolitan Airport in Romulus, Michigan. Ontario, Canada-based Magna Entertainment had been granted its thoroughbred racetrack license by Michigan's Office of Racing Commissioner in 2005.

August 8, 2007

The Meadows Racetrack and Casino in Meadowlands, Pennsylvania, unveiled plans for its new permanent slot machine casino and grandstand. The Meadowlands Racetrack and Casino, billed as the first casino to open in the Greater Pittsburgh area, has been operating in an 82,000 square foot temporary casino with 1,738 slot machines since June, 2007.

June 6, 2007

To honor Michigan's 74 years of horse racing, Governor Jennifer Granholm has declared June as "Michigan Horse Racing Month." In a press release issued by the Office of Racing Commissioner (ORC), Racing Commissioner Christine White commented on the importance of recognizing the industry. "Horse racing is a Michigan tradition that makes an important contribution to our state's economy," said White. "It's a very labor intensive business, requiring hard work and dedication from the breeders, stable workers, grooms, trainers, drivers and jockeys. Michigan Horse Racing Month is a great way to show appreciation for the tireless efforts of everyone involved in the Industry."


May 8, 2007

Michigan’s Office of Racing Commissioner (ORC) released its 2006 Annual Report. According to the report, Michigan’s race tracks showed a combined 1,909 days of live and simulcast pari-mutuel racing in 2006. More than 1.1 million fans came to the tracks last year and wagered $281.2 million in revenue, generating more than $9 million in state tax revenue.





 

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