Windsor to cancel license - Purse monies held

07:40 PM 23 Aug 2012 NZST
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In accordance with Section 25 of the Racing Commission Act, 2000, the Director of the Ontario Racing Commission has conditionally canceled Windsor Raceway's ORC license effective August 31, 2012, at 11:59 p.m.

There are certain financial terms and conditions that Windsor Raceway must meet before the license is cancelled.

On August 15, 2012, the ORC received a letter from Windsor Raceway providing notice of its intention to return its ORC license.

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 license.

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.

The Ontario Racing Commission

 

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