Delaware Park Increases Dates, Alters Schedule: Plans To Run 88 Days In 2022

The Delaware Thoroughbred Racing Commission Jan. 18 approved a new-look racing schedule in 2022 for Delaware Park, which will race 88 programs from May 25-Nov. 5.

Kevin DeLucia, senior vice president and chief financial officer for Delaware Park, said the racing association has an agreement with the Delaware Thoroughbred Horsemen's Association on the number of days and the revised calendar. The track will race mostly four days a week on a Wednesday-through-Saturday schedule, with select Fridays dark when the track races three days a week.

Delaware Park in recent years has raced Mondays, Wednesdays, Thursdays and Saturdays.

In 2021, Delaware Park raced 77 days and concluded the meet Oct. 30. According to the DTRC annual report for last year, purses paid totaled $17.57 million. Total pari-mutuel handle on the live product was roughly $118 million, and export handle of $114 million was the highest in at least four years.

A 2022 business plan for the track, which late last year was sold to Clairvest Group Inc. and Rubico Gaming LLC, includes an investment of $60,000 in a new inner rail for the turf course and a commitment to help fund at the very least a renovation of the DTRC licensing office located just outside the stable gate adjacent the DTHA office.

In other business, DTHA Executive Director Bessie Gruwell said the number of applications for the Delaware Certified Thoroughbred Program at the conclusion of 2021 was 366, a number expected to grow to perhaps 375 pending outstanding applications. The number is up 35-40 from the final 2020 number, she said.

“The program is still going strong,” Gruwell said.

The DCTP awards purse bonuses in overnight races as well as some Certified-restricted or “waiver” maiden events. Last year four new Certified-restricted stakes were added for a total of eight during the racing season.

Tom LaMarra is managing editor of THA Racing

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Casino Company Partnership Secures Deal To Purchase Delaware Park

Clairvest Group Inc. (TSX: CVG) today announces that it, together with Clairvest Equity Partners VI and a newly-formed subsidiary of Rubico Gaming LLC, run by experienced gaming investor Thomas Benninger, has agreed to acquire the Delaware Park casino and racetrack business.

Delaware Park is a racino in Wilmington, Del., serving the Delaware market and parts of the Maryland, New Jersey, and Pennsylvania markets. The property has been owned by the Rickman family since 1983 and consists of over 100,000 square feet of gaming space with slot machines, table games, and poker tables.

The closing of the transaction is subject to, among other things, obtaining regulatory approvals. The parties expect the closing to occur by the end of calendar year 2021.

Upon Closing, this will represent the 30th casino/racino in which Clairvest has held an ownership interest and Clairvest's 14th platform investment in the gaming industry.

About Clairvest
Clairvest's mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD $2.5 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 56 different platform companies and generated top quartile performance over an extended period.

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