Policy on deposits with Horsemen’s Bookkeeper

Saturday, November 12, 2022
Monday, May 1, 2023

The policy of racetracks owned by The Stronach Group (1/ST Racing) is that no cash will be accepted by a Paymaster or Horsemen's Bookkeeper office for the purpose of depositing into a horsemen's account. The operation of transactions in and out of horsemen accounts is integral to racing, and as such the following procedures and policy are established for the purpose of compliance with BSA and racetrack policy.

At the company's Maryland tracks, funding of horsemen accounts is limited to: wire transfers, which are credited to an account upon receipt, including electronic bank transfers; check deposits, which have delayed availability with a 3-to-5 business day hold; and purse payouts, which are credited to account receipt.

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