Suffolk Downs, New England’s last thoroughbred racetrack, is out of the horseracing business, leaving the track to host simulcast wagering next year as the facility is scheduled to be turned into apartments and retail shops.
Sterling Suffolk Racecourse, the company which once operated the 84-year-old track in East Boston, had been running a handful of races since losing out on its bid to build a Boston-area casino-resort on the property in 2014.
Wynn Resorts was granted a gaming license to build its $2.6bn Encore Boston Harbor project, which opened in June in nearby Everett.
Two years ago, Sterling sold the track to McClellan Highway Development Co., which has begun demolition of the 161-acre property that straddles Revere and Boston.
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