Chapter 11
Hawthorne Race Course files for Chapter 11 bankruptcy
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Hawthorne Race Course, a 134-year-old track in Stickney, Illinois, filed for Chapter 11 bankruptcy on February 27, 2026, to restructure its debt and attract investors for a racino. The filing aims to preserve 250 jobs and pay overdue purses to horse owners amid financial strains in the state's horse racing industry. Officials expressed hope for continued operations, including a thoroughbred meet starting March 29.
Luxury dine-in movie theater chain iPic Theaters has filed for Chapter 11 bankruptcy for the second time, seeking to sell assets while continuing operations. The filing comes amid ongoing challenges in the exhibition industry, with box office revenues still about 20% below pre-pandemic levels. CEO Patrick Quinn stated the process aims to restructure and resume operations with minimal disruption.