DALLAS - A subsidiary of the Chickasaw Nation has filed a $27 million bid to buy
Lone Star Park in Grand Prairie. The track has been in Chapter 11 bankruptcy
since March.
Court documents reveal the tribe is asking the court to schedule an auction for
October 7. If enacted, a hearing to approve the auction's results could happen
in mid-October
The Chickasaw would then need approval from the Texas Racing Commission for a
racing license. Texas law requires the majority ownership of a racing license be
held by Texas residents, so it is unclear how the majority ownership issue will
be handled.
Some gambling insiders say the Chickasaw are more interested in gaming than
horse racing. Jack Pratt of the Texas Gaming Association, a lobbying group, said
"They certainly didn't buy it to race the ponies. He says the tribe is making
its bid "on the basis that they'll get gaming."
The Chickasaw tribe has built its business on casinos, not horse tracks.
They own 15 gaming facilities including WinStar World Casino, the fifth-largest
casino in the world, located just north of the Texas border in Thackerville,
Oklahoma.
To legalize gaming, Texas legislators must first pass a gaming measure which
voters would have to approve by passing a constitutional amendment. The soonest
that could happen is 2011.
500 Nations is an independent directory service not affiliated with any casino.
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