UPDATE: Windsor's Racing License Cancelled, Purse Monies Held
Published: August 23, 2012 2:56 pm ET
Last Comment: August 24, 2012 6:56 am ET | 8 Comment(s) | Jump to Comments
On Thursday, August 23, the Ontario Racing Commission announced that it has approved a request by the operators of Windsor Raceway to cancel the track's racing license.
An ORC release has explained that on August 15, 2012, the commission received a letter from Windsor Raceway providing notice of its intention to return its ORC licence; and that the ORC also received confirmation that the horsepeople under contract have been advised of Windsor Raceway’s request for cancellation of its ORC licence.
The contents of the ORC releases appear below.
Windsor Raceway Purse Monies to be held in trust by ORC
As one of the conditions set by the Director regarding the cancellation of Windsor Raceway’s ORC licence, the Director has ordered that all Windsor purse monies shall be forwarded to the ORC to be held in trust for Standardbred Horsepeople.
These monies include the transfer of the current purse account as well as any funds earned or due to the Purse Account subsequent to those funds transferred.
According to the authority resting with the Director under the Racing Commission Act, 2000, the ORC is committed to acting in the best interests of all participants in the Ontario horse racing industry.
As stated in previous Notices to the Industry, any monies held in purse accounts will only be used for the benefit of Standardbred Horsepeople. Any decision on how, and in what way, purse money will be allocated will only be made in consultation with horsepeople.
John L. Blakney
Windsor Raceway’s request to cancel its ORC licence approved
In accordance with Section 25 of the Racing Commission Act, 2000, the Director of the Ontario Racing Commission (ORC) has conditionally cancelled Windsor Raceway’s ORC licence effective August 31, 2012 at 11:59 p.m. There are certain financial terms and conditions that Windsor Raceway must meet before the licence is cancelled.
On August 15, 2012, the ORC received a letter from Windsor Raceway providing notice of its intention to return its ORC licence. Subsequently, on August 17, 2012, ORC Administration met with Management of Windsor Raceway to discuss the issues related to the request by Windsor Raceway. The ORC also received confirmation that the horsepeople under contract have been advised of Windsor Raceway’s request for cancellation of its ORC licence.
A Notice to the Industry on the financial considerations, including transfer of purse monies, will be forthcoming.