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Maryland Racing Wants Three-Year Subsidy

Published: March 17, 2011 11:59 am ET

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According to a report, on Wednesday, March 16, Maryland horse racing officials said that in order to have the state's racetracks come up with a long-term plan they will need a government subsidy for three years.

The article by The Washington Examiner explains that the Maryland Jockey Club could also come under the control of one company soon, as 49-per-cent shareholder Penn National Gaming is contemplating selling its stake in the Pimlico Race Course and Laurel Park to MJC partner MI Developments, headed by Frank Stronach.

According to the report, MJC President Tom Chuckas testified before a Maryland Senate Budget and Taxation Committee that having one stakeholder running the MJC would be beneficial for racing.

(With files from The Washington Examiner)

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