Fort Erie Race Track has announced that there will be no thoroughbred horse racing at the track in 2009.
A meeting at the track was held on Monday to notify employees of the decision. Some 190 employees – both union and non-union – will reportedly be laid off.
The track has been losing money for several years partly due to the installation of slot machines in all race tracks in Ontario. Competition from casinos in Niagara Falls, Ontario (Canada) as well as in Niagara Falls, New York also added to Fort Erie Race Track’s economic woes.
The owner of the track, Nordic Gaming, has reportedly been trying to sell the track for a couple of years.