The Chickasaw Nation of Oklahoma might not have the winning bid for a racetrack in Texas after all.
Global Gaming Solutions, a tribal subsidiary, offered $27 million for the Lone Star Park in a bankruptcy auction. The tribe was the only bidder at the time. A federal bankruptcy judge ruled that another company should have been allowed to participate. An affiliate of Penn National Gaming Inc. says it will offer $40 million for the track so a new auction will take place on October 23. Lone Star's owner, Magna Entertainment Corp., is in bankruptcy proceedings. The tribe bought Remington Park in Oklahoma from Magna for $80.25 million. Get the Story: