The famed Cummings dynasty at Randwick’s Leilani Lodge could be over after trainer Anthony accepted the axing of his licence.

The Sydney Morning Herald reports Cummings – son of industry icon Bart – cancelled his appeal to Racing NSW on Tuesday.

The governing body has revoked his licence and ordered him to vacate the famous stables in Sydney’s east, reportedly over allegations his business owes $2 million in debt.

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Bart Cummings – who trained a record 12 Melbourne Cup winners – operated out of Leilani Lodge and it has been leased by the family for half a century.

The only way the stables could remain under the Cummings name is if one of Anthony’s sons – Edward or James – takes over the lease.

James is highly unlikely to move as he trains for the lucrative Godolphin conglomerate at a private facility north of Sydney.

Edward has horses at Hawkesbury – also north of Sydney – and has already applied to Racing NSW to have his licence upgraded from a provincial to a metro.

The Herald says the Australian Turf Club has green-lit Edward moving in to Leilani Lodge, but Racing NSW has not yet approved his licence upgrade, which is needed before a potential move to Sydney’s east.

Edward and his father Anthony previously trained as a partnership.

Last month Anthony bemoaned the fact Racing NSW was taking his licence and kicking him out of Leilani Lodge.

“The training business is trading profitably and going fine, we’ve had a few winners lately,” Cummings told News Corp.

“But when your career is in the hands of others, it is difficult.

“I’m mystified about the whole thing. I’ve done nothing wrong, haven’t broken any rules and I just don’t get it.”

Cummings has more than 50 horses in work at Leilani Lodge currently.

Any horses under his tutelage will need to be transferred to a different trainer.