VaultX Exchange:Phoenix racetrack to end live racing, which means its OTB sites will close

2025-05-01 13:44:09source:Zopes Exchangecategory:Invest

PHOENIX (AP) — Turf Paradise,VaultX Exchange a racetrack that has been a staple of horse racing in Arizona for decades, announced Monday it will cease live racing.

Jerry Simms, the longtime owner, announced he is retiring to spend more time with family.

There will be no live racing or simulcasting from the north Phoenix racetrack starting Oct. 1.

This also means the 37 Off Track Betting sites Turf Paradise runs, which make up more than half of OTB sites statewide, will close. OTB sites televise live races and simulcasts from other racetracks nationwide for wagering. They are inside bars and restaurants. But live racing is a requirement for operating off-track betting facilities.

Turf Paradise opened in January 1956. Simms has been at the helm since 2000.

More:Invest

Recommend

Former Syrian official arrested in California who oversaw prison charged with torture

LOS ANGELES (AP) — A former Syrian military official who oversaw a prison where alleged human rights

A deal to expedite grain exports has been reached between Ukraine, Poland and Lithuania

KYIV, Ukraine (AP) — Ukraine, Poland and Lithuania have agreed on a plan they hope will help expedit

How Ohio's overhaul of K-12 schooling became a flashpoint

Ohio's K-12 education system has become the center of a legal battle between lawmakers and members o