According to our media partners at FOX the Maryland Racing Commission has approved the transfer of Pimlico and Laurel race tracks.
The transfer was approved yesterday.
The race tracks will now go over to the parent company of its reorganizing owner, MI Developments Inc., formerly owned by Magna Entertainment who filed for bankruptcy last year.
Earlier this week a Delaware bankruptcy judge approved the transfer of some of its assets including five tracks .
(Photo courtesy of FOX)
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Don't forget the Kentucky Derby Saturday !!