Hinsdale Greyhound Park in New Hampshire, which opened in 1958 and offered live harness racing until 1985, announced on Monday, December 15 that it has ceased operations and surrendered its pari-mutuel license to state regulators.

In a report by unionleader.com, the track's attorney, John J. Sullivan, told the publication that a bankruptcy filing was made in U.S. Bankruptcy Court yesterday afternoon.

“Business was not good, but when gas prices spiked earlier this year, things went from bad to worse,” Joseph E. Sullivan III, the track’s president and chief executive officer, said via statement.

“People simply have less money to wager in New Hampshire and nationally. We have seen significant wagering declines from the Connecticut casinos to Las Vegas. Regrettably, our business has followed these trends, and our efforts to attract investors or a buyer were in the end unsuccessful.”

To read the report in its entirety, click here.

(With files from unionleader.com)