LAUREL, MD – The Stronach Group and The Maryland Jockey Club issued the following statement from Craig Fravel, Executive Vice-Chairman, 1/ST RACING & GAMING.

“Since the announcement in early January, which outlined a framework for an agreement in principle between The Stronach Group, The Maryland Jockey Club (MJC), and the Maryland Thoroughbred Racetrack Operating Authority (MTROA), the parties have engaged in extensive negotiations directed at finalizing a comprehensive agreement. That agreement aims to secure a sustainable future for the Maryland Thoroughbred racing industry and ensure the successful operation of Pimlico Race Course and the Preakness in Baltimore.

We thank Greg Cross and the MTROA board. We look forward to the legislative consideration process and collaborating with the MTROA and Maryland stakeholders to usher in a new era for racing in the State.”