12/22/2009 12:00AM

Global Gaming wins approval for Remington


The Oklahoma Racing Commission on Tuesday afternoon unanimously approved Global Gaming's license application as the new owner of Remington Park. The company, which is owned by the Chickasaw Nation, had reached an agreement in August to purchase the Oklahoma City track from Magna Entertainment for $80.25 million. Magna filed for bankruptcy in March.

Global Gaming RP LLC is to take over as the new operator of Remington on Jan. 1, 2010.

"The only thing left for them to do is the conditional license order," Tino Rieger, the executive director of the Oklahoma Racing Commission, said Tuesday. "They have to review and sign it and get it back to us within 10 days."

Remington operates a casino with 700 electronic games, and announced last week that number will expand to 750 in 2010. The track conducts a spring meet for Quarter Horses and a fall season for Thoroughbreds.

The Chickasaw Nation is based in Ada, Okla. Global Gaming also won an October auction to acquire the operating assets of Lone Star Park near Dallas from Magna, for $47 million. The licensing process for that facility goes through the Texas Racing Commission.