Ontario Racing: Purse Funds From Cancelled Races Will Continue To Support Horsemen Sponsored by:
Ontario Racing is pleased to notify industry participants that Thoroughbred horsepeople will have the opportunity to access certain purse funds that remain available under the Funding Agreement with Ontario Lottery and Gaming Corporation (OLG) as a result of the suspension of live racing in the Toronto Region due to the COVID-19 pandemic.
These funds were already committed to the industry through the Funding Agreement for Live Horse Racing between Ontario Racing and OLG. To enable this access, Ontario Racing, OLG and the other parties to the Funding Agreement have entered into an amendment to the Funding Agreement, a copy of which will be posted on the Ontario Racing website.
Last Comment: December 24, 2020 11:36 am ET | 2 Comment(s) | Jump to Comments
Ontario Racing has issued a statement commending the Ontario government for changes it is making to the Long-Term Funding Agreement (LTFA) for horse racing to further support the industry during these challenging times.
Changes to the LTFA will support a strong and stable horse racing industry and give it time to recover from the pandemic. The amendments will also ensure continued support for local employment and for Ontario’s 15 racetracks until 2026.
“Like many other industries in Ontario, horse racing has been significantly impacted by the pandemic,” said John Hayes, chair of Ontario Racing. “I want to thank the Ontario government for focusing on the stability and recovery of this important industry and for extending support for racetracks during this difficult time.”