Summary
ARCADIA - An attorney for Magna Entertainment Corp., the parent of Santa Anita Park, on Friday appeared before a special meeting of the California Horse Racing Board to explain the ramifications of his company's bankruptcy filing.
Track employees and horsemen will likely be protected. That may not be the case with off-track betting parlors, also referred to as satellite wagering locations. They receive a two-percent commission on bets placed through their facilities, and will likely have to line up in court with other creditors to collect what's owed them.See the full content of this document
Extract
Santa Anita Attorney Explains Bankruptcy
"Hollywood Park, Los Alamitos and Pleasanton (Race Track) all three carry the Santa Anita signal," said Rod Blonien, who ap...
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