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The Boston Globe

Metro

Cash flow at Plainridge raised alarm

State investigators vetting Plainridge Racecourse for a slot parlor license discovered that track president Gary T. Piontkowski made personal cash withdrawals from the struggling track’s money room “almost on a daily basis” for years, a red flag that apparently led to Piontkowski’s abrupt resignation in April.

At the time of Piontkowski’s departure, Plainridge suggested he had retired and sold his stake in the venture due to health concerns. But a report from the investigative arm of the state gambling commission reveals that — after meeting with investigators and reviewing Piontkowski’s conduct — the track’s majority owners “decided that it was not in the company’s best interest to have Piontkowski remain as president,” according to a copy of the report obtained by the Globe.

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