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Gulfstream's Murphy Resigns

Bill Murphy, president of Gulfstream Park racetrack in Hallandale Beach, Florida, resigned November 1. As of press time, no reason had been given for his abrupt departure.

Murphy joined the company in June 2006 as a vice president in charge of racing. He rose to president and general manager in January 2007, just before the facility added slot machines.

In the wake of his resignation, Murphy, who has described himself as “more of a horse guy than a casino guy,” released a statement thanking “an incredible staff and the greatest horsemen and jockeys in the world.”

Magna Entertainment, Gulfstream Park’s parent company, declared bankruptcy in March and is selling off pieces of the company. The Wall Street Journal reported that creditors could push for an auction of the racino early next year.

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