Golden Gate Fields Set For Auction In Early 2010

Magna Entertainment Corp., the bankrupt operator of nine race tracks nationwide, will ask a judge Oct. 27 for permission to sell Golden Gate Fields at auction in early 2010. The largest horse track operator in the country, Magna has sought to auction all its properties since filing for Chapter 11 protection in March.

It is not yet clear who might be interested in bidding on Golden Gate Fields, a 150-acre waterfront property. But some other Magna properties have drawn strong interest from other gambling companies.

[via Business Times]

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