DEL MAR, Calif. - Magna International Developments, the parent company of Santa Anita, and the Oak Tree Racing Association signed a lease agreement for Oak Tree's fall meeting at Santa Anita on Friday, officials with both sides said.
The agreement was reached a day after the California Horse Racing Board mandated that Magna International reach an agreement with Oak Tree by Friday for Magna to be allowed to hold multiple racing licenses in the state. Magna owns two racetracks in California - Golden Gate Fields and Santa Anita - and an account-wagering company, Xpressbet.