Penn National's current purse account will allow the Grantville, Penn. track to race through the end of January whether or not Hollywood Casino remains closed, according to a Tuesday memo from the Pennsylvania Horsemen's Benevolent and Protective Association executive director Todd Mostoller.
Should Gov. Tom Wolf extend the casino closure past the current Jan. 4 expiration date, however, racing at Penn National will become contingent on track handle.
“Penn National has agreed to continue live racing through [January], provided the handle generates a break-even scenario for the company,” Mostoller wrote. “This is estimated to be a handle of roughly $1.4 million per night.”
Mostoller's memo indicated that both the track and the Pennsylvania HBPA are confident that level of handle is achievable, but added that if it is not, Penn National management will “likely wish to temporarily shut down racing.”
The memo concluded with an encouragement to bet the races through HollywoodRaces.com: “A bet placed on Penn National races through this ADW is treated the same as a wager placed on track, resulting in considerably higher revenue for both horsemen and the track.”
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