This would be unspeakably bad for thoroughbred racing. From bloodhorse.com:
There still is no live racing schedule for 2011 in Maryland after a Dec. 21 meeting of the Maryland Racing Commission.
The commission met for four hours to discuss the situation even though an official application for 2011 racing dates wasn't on the agenda. Officials said no decision was reached on dates. For the rest of the article: http://www.bloodhorse.com/horse-racing/articles/60442/no-live-dates-in-md-preakness-threatened