Penn National exiting Laurel, Pimlico
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Penn National Gaming said Tuesday that it is getting close to reaching an agreement to divest its stake in the Maryland Jockey Club, which operates Laurel Park and Pimlico Race Course, the home of the Preakness Stakes.
Eric Schippers, a spokesman for Penn National, said final details are being worked out with Canadian real estate company MI Developments, the Jockey Club's majority owner.
The two owners, which at times have appeared at odds on racing issues, have been in talks since early this year to restructure their joint venture to own and operate the tracks.
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