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Texas Board Supports Lone Star Ownership Transfer

Monday, 14th February 2011

The Board of Directors of the Texas Thoroughbred Association "has passed a resolution in support of an ownership transfer of Lone Star Park from Magna Entertainment Corp to Global Gaming" reported bloodhorse.com. Global Gaming "successfully bid in US Bankruptcy Court to purchase the assets of Lone Star Park for US$47.8 million in 2009; however the matter has been in front of the Texas Racing Commission & waiting for approval for 465 days". By contrast, Global Gaming's approval from the Oklahoma Horse Racing Commission "to take ownership of Remington Park took less than 100 days".

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