According to a story in Thursday’s edition of The Intelligencer, Baymount Inc. is working on a transaction critical to the Quinte Racetrack and Slots project

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Details of the plan could see Plaza Gaming and Entertainment Corp. acquire a 75 per cent interest in the Quinte Racetrack and Slots project for a gross investment of $6 million.

"It's all of the stakeholders' goal," said Graham Simmonds, president and chief executive officer of Baymount Inc. "It's a complex transaction; there's multiple stakeholders involved.

Simmonds would not disclose what the closing date on the deal is.

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