Transfer of Laurel, Pimlico is approved by commission

April 30, 2010|By Jeff Barker

The Maryland Racing Commission on Thursday approved the action of a bankruptcy court that transferred the Laurel and Pimlico race tracks to Ontario-based MI Developments.

The vote was 8-0, said commission executive director J. Michael Hopkins. One commissioner, John McDaniel, was not present.

On Monday, a Delaware bankruptcy court approved Magna Entertainment Corp.'s Chapter 11 reorganization plan that included the transfer.

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