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Angelos not pursuing Laurel, Pimlico, sources say

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Angelos mug.jpgBaltimore Orioles owner Peter Angelos was not among the half-dozen bidders Friday for Laurel racetrack, Pimilico Race Course and other Magna Entertainment properties, according to two racing industry sources with knowledge of the process.

Angelos confirmed to The Post ten days ago that he was considering trying to buy Magna's tracks, which are being auctioned off in bankruptcy proceedings. Neither he nor his family followed through with a bid, however, according to the two sources, who spoke on condition of anonymity because they are not authorized to speak for Angelos.

Angelos has not returned a call seeking comment.

At this point, bidders for the Magna properties -- which include Pimlico Race Course in Baltimore, site of the Preakness Stakes -- are not required to make their interest public.

Angelos's interest in Laurel already has affected the debate over bringing slots to Anne Arundel County.

Two weeks ago, C. Edward Middlebrooks (R-Severn) stunned his colleagues on the Anne Arundel County Council by announcing that he would recuse himself from voting on legislation needed for a planned slots casino at Arundel Mills mall to proceed.

Middlebrooks said he had a potential conflict involving a possible suitor for the Laurel who would like to steer slots to the track if the mall proposal collapsed.

Middlebrooks initially declined to provide details but later confimed an account in The Post was correct. Middlebrooks, a lawyer, has referred cases to Angelos's law firm in the past. At a council meeting last week, Middlebrooks said that was the issue.

Known bidders for Laurel and the rest of Magna's properties include the Cordish Cos., the developer behind the Arundel Mills slots proposal; and Joseph A. De Francis, the former track owner, who has said he put in a bid with his sister, Karin De Francis.

By John Wagner  |  December 15, 2009; 11:01 AM ET
Categories:  Anne Arundel , John Wagner , Slots  
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