The bankrupt Magna Entertainment Corp. was granted permission today in U.S. Bankruptcy Court in Wilmington, Delaware to auction off the Oklahoma racetrack Remington Park for at least $80.3 million

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According to an article on Bloomberg.com, Global Gaming RP, part of the Chickasaw Nation, an American Indian tribe that operates casinos in Oklahoma, has made the best offer at $80.3 million. Other bids are due September 4. and the auction will be conducted on September 8.

To read the Bloomberg.com article in its entirety, click here.

(With files from Bloomberg.com)