Hollywood Park Cos. has suspended its quarterly...
Hollywood Park Cos. has suspended its quarterly dividend of 40 cents per share. The race track operator’s chief lender, Wells Fargo Bank, notified the company in May that it would not permit further dividend payments until the company improved its cash flow. Hal W. Brown, a race track official, blamed the track’s cash difficulties on zoning problems that have delayed development of land near Los Alamitos Race Course.
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