BALLY BUYS OCEAN DOWNS RACE TRACK.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Trumping a rival offer, casino owner Bally Entertainment Corp. made a deal to buy Ocean Downs horse track in Berlin, Md., for $3.4 million, the track owners said Friday. On Wednesday, the Cloverleaf Standardbred Standardbred Breed of light horse developed in the U.S., primarily for harness racing. The foundation sire was an English Thoroughbred imported in 1788; his progeny were bred with other breeds, especially the Morgan, to produce speedy trotters and pacers. Owners Association board of directors voted to accept tentatively a $13.5 million offer from Delaware Park
A statement by Cloverleaf made no mection of the rejected Rickman offer. Under the Bally deal, the owners will get $1 million in cash and $1 million in reduces debt on the $10.5 million Bally's loaned the track owners to buy the two tracks in 195. A $1.4 million debt-forgiveness clause brings the deal's total to $3.4 million. The deal gave both Bally and Cloverleaf some of what each was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . Bally gains a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Rosencroft if Maryland approves additional gambling, such as slots, which has driven up revenue and track purses in Delaware. The $1.4 million debt forgiveness won the casino owner an option to buy 15 percent of Rosencroft if the state approves additional gaming. Bally already has a 50 percent option as part of its pact last year to lend money to Cloverleaf. Even if Bally gained a majority stake in Rosencroft, Cloverleaf would have veto rights over several major racing issues, Cloverleaf officials said. Dover, Del.-based Coverleaf gets something it's been calling for: the right to run Rosencroft. Hollywood Turf Cup: Marlin, a winner of the Crown Royal Hollywood Derby The Hollywood Derby is an American Thoroughbred horse race for three-year-old horses on the turf run each year in December at Hollywood Park Racetrack in Inglewood, California. for 3-year-olds on Dec. 1, challenges older horses Sunday in the $500,000 Hollywood Turf Cup. Two other stakes races are part of Sunday's 10-race Hollywod Park card - the $250,000-added Hollywood Futurity The Hollywood Futurity is an American Grade I race for thoroughbred two-year-olds race horses. Run in December at Hollywood Park Racetrack, it's the last major race for two-year-olds. for two-year-olds, and the $100,000-added Dahlia Handicap The Dahlia Handicap is a race for thoroughbred horses run at Hollywood Park Racetrack each year. The [Dahlia is open to filles and mares, age three and up, willing to race one and one-sixteenth miles on the turf. A Grade II event, it offers a purse of $150,000. for fillies and mares. Trainer D. Wayne Lukas Darrell Wayne Lukas (born September 2, 1935 in Antigo, Wisconsin) is a former educator who became one of the most successful horse trainers in American Thoroughbred horse racing history and a U.S. Racing Hall of Fame inductee. believes Marlin will do just fine against more experienced foes. ``That was the plan all along,'' Lukas said. ``If we were to win the Hollywood Derby, we'd wheel right back in the Turf Cup. He was competitive all summer, running against some of the top older horses on the east coast, going a mile-and-a-half on the turf. ``Now, I'm not a handicapper hand·i·cap·per n. Sports & Games 1. One who assigns handicaps. 2. One who predicts the winners in a horserace, especially one who publishes such predictions as a guide for bettors. Noun 1. , but I really feel this field is going to have to deal with him.'' Marlin will be ridden by Corey Nakatani and was assigned 122 pounds for the 16th running of the 1 1/2 mile race on the grass. A Florida-bred son of Sword Dance, Marlin has won five of 15 lifetime starts and $827,280. Also entered is Windsharp, a 5-year-old Kentucky-bred daughter of Lear Fan who will take on males two weeks after finishinf second to Wandesta in the $700,000 Matriarch Windsharp, who will be ridden by Eddie Dekahoussaye and carry 123 pounds, has won eight of 24 starts and $881,043. Each of the other eight entries are older males who will carry 126 pounds. They are Party Season, Julio Garcia; Running Flame, Chris McCarron; Mr. Bluebird bluebird, common name for a North American migratory bird of the family Turdidae (thrush family). The eastern bluebird, Sialia sialis, is among the first spring arrivals in the North. It is about 7 in. (17.8 cm) long. , Mike Smith; Raintrap, Alex Solis; Wings Bash, Corey Black; Talloires, Kent Desormeaux; Bon Point, Gary Stevens, and Mister Alleged, Brice Blanc. Raintrap and Bon Point will be coupled in the wagering as a Juddmonte Farms entry. Raintrap, a 6-year-old son of Rainbow Quest bred in Freat Britain, has won nine of 25 starts and $1,279,000, most in the field. Bon Point, a 6-year-old son of Soviet Star also bred in Great Britain, has won nine of 32 starts and $525,409. Trainer dies: James P. ``Big Jim'' Alford, a trainer at Oaklawn Park for the past quarter century, died Wednesday at a Hot Springs, Ark., hospital. He was 60. Alford, a diabetic, suffered a heart attack two years ago and had been in failing health in recent months, according to a release from the track. |
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