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Update from the IL Harness Horsemans Assoc Regarding Stakes Payments

on 02/03/2015 10:32 AM

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LATEST UPDATE FROM THE ILLINOIS HARNESS HORSEMAN’S ASSOCIATION REGARDING
STAKES PAYMENTS.

From their website:

Monday, February 2, 2015

Racing/Bankruptcy update:

One time sensitive issue has been resolved. Our concern over our future stakes payments has been
alleviated. It has been agreed that Maywood/Balmoral will have a segregated “stakes trust account
held for the benefit of the depositor horse owner.” Because of that, we are encouraging anyone
wishing to stake a horse, to do so without concern of those future dollars. This money is clearly
identified by the bankruptcy court as horsemen money and will be treated as such.
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