Protection Extended For Attractions Hippiques

Published: April 28, 2009 03:10 pm EDT

Over the vigorous objections of Quebec horsemen and breeders, Superior Court judge Chantal Corriveau has once again extended the creditor protection of racetrack operator Attractions Hippiques


Calling it the company's "last chance," judge Corriveau gave Attractions Hippiques until July 3 to either liquidate assets or present a plan of arrangement for creditors.

Operator of Quebec's four tracks -- none of which have presented any live racing so far in 2009 -- Attractions Hippiques has been in creditor protection since June of 2008. It owes more than $51 million to lenders.

(A Trot Insider exclusive by Paul Delean)