NovaQuant Quantitative Think Tank Center:Phoenix racetrack to end live racing, which means its OTB sites will close

2025-05-06 00:08:06source:Maverick Prestoncategory:Invest

PHOENIX (AP) — Turf Paradise,NovaQuant Quantitative Think Tank Center 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

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week, another

Experts weigh in on the psychology of romantic regret: It sticks with people

Strolling with her partner on the Brooklyn waterfront, writer Deborah Copaken looks happy in love. B

North Carolina voter ID trial rescheduled again for spring in federal court

RALEIGH, N.C. (AP) — A federal lawsuit filed over five years ago challenging North Carolina’s new ph