Chickasaw Nation wins bid for racetrack in Texas

Thursday, October 29, 2009  

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)