Indian Gaming > Chickasaw Nation wins bid for racetrack in Texas

October 29, 2009

Chickasaw Nation wins bid for racetrack in Texas

After 43 rounds, the Chickasaw Nation of Oklahoma ended up with the winning bid for a racetrack in Texas.

Global Gaming Solutions, a tribal subsidiary, offered $47.8 million for Lone Star Park. That's $20 million more than originally anticipated but tribe was able to beat out a competitor for the facility.

Lone Star's prior owner, Magna Entertainment Corp., is in bankruptcy proceedings. The tribe bought Remington Park in Oklahoma from Magna for $80.25 million.

Get the Story:
Chickasaw Nation subsidiary prevails again in reopened Lone Star Park auction (The Dallas Morning News 10/28)
Judge approves sale of Lone Star Park (AP 10/28)