Posted by Charles Gazaway - email
LOUISVILLE, KY (WAVE) - A western Kentucky horse racing track will close for the winter and not offer simulcasting. Owner Ron Geary said he will close Ellis Park on November 8, the day after the Breeders' Cup World Championship races.
Geary says the simulcasting during the slow winter season is not profitable. He plans to take the $1 million of operating expenses and put it into the purses for the 2010 racing season, but that means 75 people lose their jobs.
"We had an analysis of each of their pay levels and what their unemployment insurance would be. We encourage them to draw that. We encourage them to try to hang and try to get some part-time jobs, but please be available to come back April 1st because we're a part of the Ellis Park family and we want to stay part of the family and move forward again and have a great meet this summer," said Geary.
Geary says he plans to start up simulcasts again in April.