The Chickasaw Nation of Oklahoma was granted approval to own 49 percent of a racetrack in Texas.
The tribe's subsidiary, Global Gaming Solutions, paid $47.8 million for the Lone Star Park at a bankruptcy auction. The tribe then formed a new company called Global Gaming LSP with Texas lobbyist Ricky Knox, who will own 51 percent of the track.
The Texas Racing Commission approved the deal on Friday.
Get the Story:
Chickasaw subsidiary buys part of Lone Star Park racetrack
(The Oklahoman 5/15)
Racing Commission approves sale of Lone Star Park
(The Austin Statement 5/13)
Business Deals
Chickasaw Nation gains minority ownership of Texas track
Monday, May 16, 2011
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