The Texas Racing Commission on Friday approved Penn National Gaming's licensing request for 50 percent ownership of Sam Houston Race Park in Houston. The approval also extended to Sam Houston's other entities, Valley Race Park, a greyhound track in Harlingen, Texas, and a yet-to-be-constructed track in Laredo.
Penn National is entering into partnership with Maxxam Inc., which had previously held sole ownership in the facilities. The 50-50 agreement between Penn National and Maxxam was announced by the companies in September, and the license application was submitted in December.