Hawthorne Race Course warns of 290 potential layoffs if bankruptcy sale ends horse racing operations
By
Robert McCoppin
A respectable bake. You'd come back tomorrow for another.
Summary
Hawthorne Race Course in Stickney, Illinois, has filed a WARN notice with the state warning of 290 potential layoffs if its bankruptcy sale results in the track being sold for real estate development rather than continued horse racing operations. The track is currently in bankruptcy proceedings, and the outcome of the sale will determine whether it remains a race track or is demolished. This adds to ongoing challenges for Illinois' horse racing industry.
Key quotes
· 4 pulledHawthorne Race Course has notified Illinois regulators of the potential for 290 layoffs if the horse track is not sold to continue operations.
The track in west suburban Stickney is in bankruptcy proceedings to be sold to either continue as a race track or to be bulldozed in favor of real estate development.
In case the winning bidder does not continue racing, the track will have to lay off its workforce.
The development is the latest in a string of bad news for the horse racing industry in Illinois.
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