Gulfstream Announces $500 Bonus To Help Offset Trainer Costs

Gulfstream Announces $500 Bonus To Help Offset Trainer Costs

07/13/2013

HALLANDALE BEACH, FL - Gulfstream Park and the Florida Horsemen's Benevolent and Protective Association (FHBPA) are gratified to announce that beginning Saturday, July 13, Gulfstream will offer a $500 bonus award to each trainer who enters and runs a horse.

The horse must be stabled at Gulfstream at the time of the entry and only one bonus award will be available for same- owner entries per race. The announcement comes after lengthy negotiations between Gulfstream and the FHBPA.

"This is not a purse increase but a direct incentive to our trainers to race their horses at our summer meet," said Gulfstream Park President Tim Ritvo. "The bonus money is intended to help those trainers offset the ever increasing costs of workers' compensation insurance, shavings, feed and other expenses during this meet.

"Workers' comprehensive insurance costs are often the make-or-break expenses for a trainer and the difference between a profit or loss year. This bonus is intended as a means to keep our trainers in the black while we continue to search for a long-term solution."

FHPA President Phil Combest said: "The FHBPA worked closely with Tim and other Gulfstream officials to find the right solution to address trainers' rising costs...especially workers' compensation. Offering this bonus was the simplest and most effective way to get the job done and the horsemen really appreciate Gulfstream's consideration."

Gulfstream Park's first annual Summer Meet continues through November 29, 2013.
 
            GULFSTREAM PARK is a Stronach Group company, North America’s leading Thoroughbred racetrack owner/operator. The Stronach Group racetracks include Santa Anita Park, Gulfstream Park & Casino, Golden Gate Fields, Portland Meadows, Laurel Park and Pimlico Race Course, home of the world-famous Preakness. The company owns and operates the Palm Meadows Training Center in Florida, and is one of North America's top race horse breeders through its award-winning Adena Springs operation. The Stronach Group is one of the world's largest suppliers of pari-mutuel wagering systems, technologies and services. Its companies include AmTote, a global leader in wagering technology; XpressBet, an Internet and telephone account wagering service; and Monarch Content Management, which acts as a simulcast purchase and sales agent of horseracing content for numerous North American racetracks and wagering outlets.The Stronach Group is also a major producer of televised horseracing programming through its HRTV cable and satellite network and is North America's premier supplier of virtual online horseracing games, as well as a leading producer of social media content for the horseracing industry. For more information contact David Joseph at david.joseph@gulfstreampark.com or call 954.457.6451.