Specialty Counsel for Purchase and Sale of Racetracks in Michigan, Kentucky and Maryland

Laura was specialty wagering counsel to the Maryland Attorney General’s office in the recent transfer of ownership of the Maryland Jockey Club racetrack from the Stronach Group (1/ST) to the State of Maryland.  Her work included review and negotiation of the domestic and international wagering and simulcast agreements with Monarch Content Management.

Laura represented an international investor group in the purchase of a minority interest in a Kentucky racetrack and provided representation before the Kentucky Racing Commission for licensing purposes as well as advice on the legality, utilization and expansion of historical horse racing machines (“HHR”) throughout the pendency of the state litigation surrounding HHR machines.  Dinsmore provided ongoing governance and pari-mutuel wagering advice throughout the term of ownership and upon sale of the interest.

Laura represented the purchaser of a racetrack in Michigan throughout the pendency of the acquisition and ownership and again upon the sale of the racetrack.  This included reviewing acquisition documents as purchaser and ultimately seller and representation before the Michigan Racing Commission.