The electorate of Oklahoma turned out in record numbers to vote regarding the multiple important state questions and candidates on the ballot. I am happy to announce that there was about a 60/40 split in favor of authorizing Oklahoma racetracks to develop racinos in our state, with the same authorized games available at the many tribal casinos (about 80+ in the state already). And proceeds from both will be made available for the state's education coffers. Estimated revenue from the gaming is estimated at 71 million dollars the first year, as this is the first time the tribal gaming monies are split with the state.
Magna Entertainment, which owns Remington Park, has plans for venue improvements which have been awaiting passage of the go-ahead measure that allows additional revenue projections for the corporation.
Magna plans to redesign the property to make a state-of-the-art entertainment complex, not just slot machines alone.
The Oklahoma HBPA is the thoroughbred representative for the entire state and its four tracks. Monies from tribal gaming near Tulsa's Fair Meadows will start to be earned immediately to be distributed to all tracks, as that track is owned by the county, while the three tracks authorized for gaming gear up their facility improvements. Remington officials estimate our track's casino will be fully operational by July-September time frame. Full benefits will not be seen until 2006.
Start making plans to get into the Oklahoma breeding program and be searching for properties here. WE'RE EXPECTING YOU.
