In accordance with Section 25 of the Racing Commission Act, 2000, the Director of the Ontario Racing Commission has conditionally cancelled Woodstock Raceway’s ORC licence effective May 19, 2013 at 11:59 p.m.

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

On April 30, 2013, the ORC received correspondence from Woodstock’s racetrack operator, Winrac Development Inc., providing notice of its intention to return the ORC licence relating to Woodstock. Racetrack management also indicated that intertrack operations at Woodstock would cease at the same time. It should be noted that Winrac Development Inc. continues as the racetrack operator of Dresden Raceway and has committed to operating the 16 race dates as approved under the Ontario Racing Program.

As one of the conditions regarding the cancellation of Woodstock Raceway’s licence, the Director has ordered that all Woodstock 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 being transferred.

Pursuant 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.

(ORC)