Pinnacle Race Course, the troubled racetrack that opened in 2008 south of Detroit, has voluntarily surrendered its racing license and simulcast permit, according to an order issued by the Michigan Gaming Control Board.
The surrender scuttles any possibility that Pinnacle would re-open this year after being beset by financial problems in 2010. The track raced 44 dates last year and was open as a simulcasting venue until November, when it shut down, citing cost overruns.