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Posted at 11:59 AM ET, 12/22/2010

Deal may keep Preakness in Md.

By Associated Press

An aide to Maryland Gov. Martin O'Malley (D) and horse racing representatives say a tentative agreement has been reached to allow a full calendar of 146 racing days in the state and keep the Preakness Stakes in Maryland.

Joseph Bryce, O'Malley's chief legislative officer, told reporters about the agreement after meeting with horse racing representatives Wednesday morning in Annapolis.

Bryce says between $3.5 million to $4 million would be redirected from the state's slot machine proceeds to pay for operating costs.

The plan still needs the approval of the Maryland Racing Commission.

The agreement was announced a day after the commission voted to reject a proposal by the owners of Pimlico Race Course and Laurel Park to conduct live racing next year.

By Associated Press  | December 22, 2010; 11:59 AM ET
Categories:  Maryland  
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So they're redirecting revenues from gambling sales that haven't even been collected yet. If in the event these funds are not available where exactly will the money come from???

Posted by: whataboutfreedom | December 22, 2010 1:28 PM | Report abuse

A pack of cigarettes in Maryland will cost $10 instead of $8 but you will get fun Maryland Horse Racing Trivia questions to answer on the side of each pack.
Plus with that #3.5M investment the State just made I'm sure the quality of Racing will significantly increase... how fast does a mule run?

Posted by: Zipfutbol | December 22, 2010 6:32 PM | Report abuse

If it wasn't for the Democrats blocking slots, this would not be an issue.. Busch and Glendening did not listen to the people of Maryland and what we wanted for years, putting us way behind our neighboring states.. Too late in playing catch up.. Of course DeFrancis has a part in this too.. Should have sold to Churchill Downs, not Magna.. New ownership is needed for Maryland racing...

Posted by: frostanna | December 22, 2010 7:40 PM | Report abuse

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