PHBPA

If Casino Stays Closed, Penn Racing to Hinge on Break-Even Handle

The Pennsylvania Horsemen's Benevolent and Protective Association (PHBPA) met with the management of Penn National Dec. 28 to come up with a contingency plan to keep racing going through January using purse money already "on deposit" in the event that Governor Tom Wolf's COVID-19-related closure of Penn's Hollywood Casino extends past the currently mandated Jan. 4. date. "Penn National has agreed to continue live racing through [January], provided the handle generates a break-even scenario for the company," Todd Mostoller, the PHBPA's executive director, wrote in a one-page memo to members...

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