ATTENTION: HRBC MEMBERSHIP
This morning we had an industry phone call at 8:15AM with Doug Scott, the Assistant Deputy Minister. The purpose of the meeting was to inform the industry on the status of our funding request. It was stated that the government does not have good news and is currently not in a position financially to support the horse racing industry. Obviously this was not the answer we had wanted and it puts us in a position of not being able to race beyond our current April dates.
The HRBC Board of Directors will meet early next week to further discuss our next steps and strategize on how we as an industry move forward. We will be looking to the Horse Racing Industry Management Committee (HRIMC) to support us and keep the pressure on the government in helping to sustain horse racing. As an industry we will also be looking to put the pressure on the government to increase our share of the slot revenues once casinos reopen.
Sorry to be the bearer of bad news but hopefully, by working together we can get through this next tough time.
Nigel Holmes,
HRBC Executive Director