Oklahoma Tribe Approved To Buy Lone Star Park

ADA, Okla. (AP) – A subsidiary of the Ada-based Chickasaw Nation is about to take ownership of a Dallas-area horse racing track.

Global Gaming Solutions representatives on Monday will finalize documents to officially transfer the ownership of Lone Star Park in Grand Prairie, Texas, to Global Gaming LSP, a tribal subsidiary.

The Texas Racing Commission on Friday approved the transfer of ownership, Racing Partners of Texas, led by Ricky Knox, will have a 51 percent interest in the track while Global Gaming Solutions will have a 49 percent interest.

Global Gaming is paying $47.8 million for the track, which Magna Entertainment Corp. is selling through bankruptcy proceedings.

Another Chickasaw Nation subsidiary already owns Remington Park in Oklahoma City, which also was bought from Magna Entertainment. The tribal subsidiary paid $80.25 million for Remington Park.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • http://fortworthinsight.com/news/oklahoma-tribe-approved-to-buy-lone-star-park/ Oklahoma Tribe Approved To Buy Lone Star Park « Fort Worth News Feeds

    […] Oklahoma Tribe Approved To Buy Lone Star Park A subsidiary of the Oklahoma-based Chickasaw Nation is about to take ownership of Grand Prairie horse racing track Lone Star Park. Go to News Source […]

  • Robert Payne

    Disgusting how we can let OK,LA, & Vegas take our gambling $$. Why we let these people get rich and we keep our heads in sand is beyond me. Now they can come pay cash for a multiu million $$ track on the penny and we are the ones who let it fail…Legalize gambling!

  • don harman

    Go to Winstar in Oklahoma,99 out of 100 cars are from Texas

  • Sarah


  • Jimmy Graham

    I agree with Mr. Payne in the above comment. i have on several occations sent email and letters to the senators and congressman to let the PEOPLE to vote on the subject of gaming in our Great State. We are just giving away billions of Texas dollars to other states while our schools, roads and social programs suffer.

  • Steve

    I hate giving my gambling $ to Louisiana. Lets have gambling aaproved in Teaxa. Texas needs the $ to balance the buidget

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