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Chickasaw Nation subsidiary prevails again in reopened Lone Star Park auction
05:42 PM CDT on Wednesday, October 28, 2009
A subsidiary of the Chickasaw Nation of Oklahoma has won the bid to purchase Lone Star Park in Grand Prairie, a bankruptcy court judge ruled Wednesday.
Global Gaming LSP submitted the winning bid of $47.8 million at the second auction for the horse racing track. The city's Grand Prairie Sports Development Corp. owns the facility and the land; Global Gaming will operate the track.
Last month, the Ada, Okla.,-based tribe had submitted what it thought was the $27 million winning bid at the first auction, but the judge reopened the auction after ruling that Penn National Gaming Inc. had been excluded.
Magna Entertainment had operated the track until filing for Chapter 11 bankruptcy last March.
The Chickasaw nation owns 15 gaming facilities – including the fifth-largest in the world, WinStar World Casino, just north of the Texas border in Thackerville, Okla.
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