The company said a decline in live racing and simulcast wagering over the past few years is the reason behind the closing.
"We regret having to make this decision, but feel that it is in the best interest for our company. We would like to thank the cities of La Marque and Texas City as well as other surrounding cities and the Texas City/La Marque Chamber of Commerce for their continued support during the last twenty-nine (29) years," stated general manager Sally Briggs.
Gulf Greyhound Park was known to hold parties and special events for large groups.
The space was also home to live greyhound racing, trade shows and business meetings.