Officialsportsbetting.com Horse Racing Betting Magna Entertainments acquires all of Pimlico, Laurel tracks

Magna Entertainments acquires all of Pimlico, Laurel tracks

Magna Entertainment Corporation acquired full ownership of Pimlico Race Course and Laurel Park on Monday after exercising its option to purchase the remaining interest in The Maryland Jockey Club. Magna Entertainment will pay about $18.3 million plus interest to the De Francis Entities, under the terms of an option agreement put in place in 2002.

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