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Wembley Closes London Dogtrack

LONDON, United Kingdom – As reported by the This is Money: "Gaming group Wembley, already facing bribery charges in the US, has admitted to a string of fresh setbacks including the closure of its dog-racing track in Catford, south-east London.

"…The decision to axe the loss-making track was taken after a review. It promised to explore redevelopment opportunities that should yield* proceeds in excess of book value.

"The group also admitted to a setback in its hopes to benefit from liberalisation of racetrack betting in Colorado, where it owns four tracks. Colorado voters have rejected a proposal to allow a State-run video lottery at the tracks…"

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