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Detroit-area track to sell assets, close

HAZEL PARK, Mich. (AP) A horse racing venue north of Detroit is shutting down after nearly 70 years of operations.

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Hazel Park Raceway says Thursday that it has agreed to sell its assets and is expected to close the deal within a few weeks. Terms of the deal were not released.

About 90 employees are expected to lose their jobs. The company says it will attempt to offer services to help them search for other employment.

Hazel Park Raceway opened in 1949 with a five-eighths-mile track. It hosted only harness racing from 1985 to 2014, before switching back to thoroughbred use.

The raceway says in a release that changes in the gambling industry have had ''a significant impact'' on horse racing across the state.

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HORSE RACING EXPERT
Mike Dempsey Mike covers the New York racing circuit (Aqueduct, Belmont Park, and Saratoga) year-round as well as covering the biggest events including the Kentucky Derby, Preakness Stakes, Belmont Stakes and the Breeders’ Cup.
A professional handicapper and horseplayers for more than three decades, no handicapper in the industry works harder and been more successful in bringing horseplayers analysis that produces profits at the track!

ike has owned racehorses and knows the racetrack from the backstretch to the finish line.

Mike is in his second decade of producing great results for the readers of Vegas Insider. Among his scores in the Kentucky Derby include winning with his top pick Animal Kingdom who paid $43.80 in 2011 and Super Saver at $18.00 in 2010.

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Jerry opened the 2016 Triple Crown season by hitting his Derby Day best bet, Nyquist. He also nailed the Derby exacta for a $30.60 payout. On 4/16/16 at Keeneland, Jerry hit an $819 exacta that led to a $38k Trifecta & a $300k Super.

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