Penn National closing Freehold, the oldest racetrack in the U.S.
Penn National Gaming has announced the closure of Freehold Raceway, the oldest racetrack in the United States.
The track, located in Freehold, New Jersey, has been in operation since 1838 and has hosted some of the most famous races in American history, including the Hambletonian Stakes and the Meadowlands Pace.
Penn National cited declining attendance and revenue as the reasons for the closure.
The closure of Freehold Raceway is a major blow to the horse racing industry in New Jersey.
The track was one of the state's largest employers and a major tourist attraction.
The closure will also have a negative impact on the local economy.
Penn National has said that it will work to help employees who are affected by the closure.
The company will also donate the land on which the track is located to the Freehold Township.
The closure of Freehold Raceway is a reminder of the challenges facing the horse racing industry in the United States.
Attendance at racetracks has been declining for years, and many tracks have been forced to close.
The industry is also facing competition from other forms of gambling, such as casinos and online gambling.
Despite the challenges, the horse racing industry remains a popular sport.
There are still many people who enjoy attending races and betting on horses.
The industry is also working to attract new fans by offering new and innovative ways to experience the sport.
Here are some additional details about the closure of Freehold Raceway:
- The track will close on December 31, 2022.
- All employees will be laid off.
- The land on which the track is located will be donated to the Freehold Township.
- The Freehold Raceway Museum will remain open.
Komentar