Louisiana Downs Pursuing $2M in Horseman's Purse Funds

Recent inspection has been shifted towards Louisiana Downs for unaccounted purse money of around $2 million. The funds in question are to reside in the Horsemen’s Purse account, generated from slot machines and pari-mutual wagering each day the Bossier City, La. Casino and Racetrack are open. Live Thoroughbred Racing on the dirt and turf course is held for 84 days throughout the 2022 calendar year.

“It’s a legal issue, and it is in the hands of the Attorney General and Racing Commission in our state,” Benard Chatters, president of the Louisiana Horsemen’s Benevolent and Protective Association, said July 31 when speaking with the BloodHorse. “Hopefully, we can get a quick resolution. There are a lot of things going on in the (Thoroughbred) industry right now that are upsetting to the industry, and we certainly hope this can be resolved as soon as possible.”

Current owner, Rubico Acquisition Corporation, purchased the facility from Caesars Entertainment in November of 2021, which did business as Harrah’s Louisiana Downs Casino, Racing, and Entertainment.

Louisiana Downs Racing Secretary Matt Crawford commented, “It is in the lawyer’s hands. They are taking care of it from each side, the old Horse Shoe entity and the new owners here in Rubico. They are trying to track it (the funds in question) down. I was hired about three weeks ago, I am walking into it, and it is being handled.” 

Crawford added: “We are expecting an outcome soon.”

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