Churchill Downs and Magna Entertainment Racing Toward Finish

Churchill Downs and Magna Entertainment have joined forces hoping to replace the New York Racing Association (NYRA) for the betterment of the sport.

Empire Racing, based in the city where Saratoga Race Course is located, is a group of horse owners and breeders who are among a dozen competitors for the state's lucrative franchise to operate Belmont, Aqueduct and Saratoga tracks.

The NYRA has held the franchise since 1955 and is seeking a new team of managers in order to keep the franchise. The current team has tried to make-up for years of mismanagement and accusations of wrongdoings. NYRA's franchise ends Dec. 31, 2007, and the franchise may not be awarded until next year.

Churchill Downs, which runs the popular horsetrack in Kentucky and other racing venues, agreed to work with Magna Entertainment on this deal. Magna Entertainment is famous for its Santa Anita Park in California, Gulfstream Park in Florida and Pimlico in Maryland.

August 16, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!

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