Sports Outside the Beltway

Hoosier Park owner files for bankruptcy

It isn’t Centaur’s only filing in the last six months. From

Centaur LLC, owner of Hoosier Park Racing & Casino, announced Sunday, March 7 that the company has filed for bankruptcy in an effort to restructure and emerge with less debt. According to a company press release, Centaur and its subsidiaries, which include Hoosier Park, Fortune Valley Hotel & Casino in Central City, Colorado, and Valley View Downs & Casino, elected to file a voluntary bankruptcy petition under Chapter 11 to ensure that operations continue without interruption. Hoosier Park is slated to kick off an 80-day harness meet beginning March 25.


This is not the first bankruptcy filing for Centaur. The Indianapolis-based company missed a scheduled $13.4 million interest payment on a $400 million-plus loan in October 2009. At the time, two of the company’s affiliated entities in the Valley View Downs project, Valley View Downs LP and Centaur PA Land LP, filed for voluntary Chapter 11 bankruptcy to help retain a racing permit in Pennsylvania.

I don’t know what else to say about this news except that its consistent with the current trend in horse racing. The industry isn’t profitable any more on a stand alone basis,

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