Jockey Club Says It's In On Slots
The Maryland Jockey Club, which operates Laurel Race Track in Anne Arundel County, wasted little time this morning in announcing its intentions to bid for a slots license.
In a statement, the club, which is owned by Canadian-based Magna Entertainment, said it would seek one of the five licenses authorized yesterday in Maryland's referendum.
Under the plan approved by voters, one license will be awarded to a site in Anne Arundel within two miles of Route 295. Laurel sits in that corridor, but other investors are also contemplating bids.
Both Laurel and another Magna-owned track, Pimlico in Baltimore, will also be eligible for purse subsidies and facility grants from slots proceeds.
A company affiliated with the Jockey Club gave at least $2 milion to the successful ballot-issue campaign in Maryland.
"Today is a good day for all Marylanders including our historic industry," said Tom Chuckas, president and chief operating officer of the Jockey Club. "We are extremely pleased that, after significant effort by a number of people inside and outside the horse racing industry, the voters have approved a measure that will be of great benefit to an industry which employs thousands of people in the state."
November 5, 2008; 10:02 AM ET
Categories: John Wagner
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