Submits application to operate 4,750 VLTs at Laurel Park in Anne Arundel County
Magna
Entertainment Corp. announced that it has
applied, through its wholly-owned subsidiary Laurel Racing
Assoc. Inc., to the Maryland VLT Facility Location Commission for a Video
Lottery Operation License to operate 4,750 VLTs at Laurel Park in Anne Arundel
County.
While MEC has submitted an application,
Laurel Racing did not pay the specified license fee of $28.5 million at this
time. MEC hopes to be able to work with its partners, the
commission and Anne
Arundel County
in the very near future to achieve a
successful licensing of Laurel Racing and the construction
of the Laurel
VLT facility.
Frank Stronach, chairman and CEO of MEC,
stated:
"We are excited to pursue a VLT License for Laurel
Racing and we believe
that locating the video lottery facility at Laurel Park will
help preserve
Maryland's
thoroughbred industry, including Laurel Park, Pimlico and the
Preakness Stakes."
Magna Entertainment applies for VLT license in Maryland
February 3, 2009
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