GULFSTREAM PARK, FLORIDA HORSEMEN’S BENEVOLENT AND PROTECTIVE ASSOCIATION AGREE ON LIVE RACING FRAMEWORK FOCUSED ON STABILITY, SUSTAINABILITY THROUGH 2028

HALLANDALE BEACH, FL (December 31, 2025) - Gulfstream Park Racing Association and the Florida Horsemen’s Benevolent and Protective Association (FHBPA) today announced a comprehensive, three-year agreement designed to provide stability, operational certainty and a sustainable path for live Thoroughbred racing in Florida through December 31st, 2028.

The principles of the agreement reached reflect a commitment of the parties to run as much live racing as possible provided average field sizes and the condition of the purse account remain commercially reasonable. The number of race days per year through 2028 provides live racing minimums well above the 40-day minimum required by law.

“As always, our objective is to run as much as we can,” said Aidan Butler, CEO, 1/ST. “The reality is that the industry is changing and this framework is focused on providing a quality racing product rooted in economic reality giving horsemen and women, fans, our employees and the industry greater clarity and stability.”

The framework maintains continuity across all existing agreements, minimizing disruption while reinforcing collaboration around key industry initiatives for the next three-years.

“We recognize the value of a multi-year framework and appreciate Gulfstream Park’s willingness to help provide stability for live racing in Florida for the next three years,” said Tom Cannell, President of the FHBPA. “The FHBPA looks forward to continuing constructive dialogue as we strive for a long-term sustainable future in Florida for horsemen and the industry.”

Mr. Butler added, “This proposal is grounded in good-faith collaboration with the FHBPA and an understanding that together we must work toward a new model for racing in Florida that is operationally sound, financially responsible and aligned with the long-term interests of racing in the state.”

Gulfstream Park emphasized that the agreement is a constructive step toward a durable structure that benefits horsemen and women, fans and the broader Thoroughbred industry. Gulfstream Park intends to actively engage in conversations with all parties to investigate every possible option as part of a long-term solution to the challenges facing Florida Thoroughbred racing.