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Doug Gansler

Maryland racing industry embraces new optimism as Preakness approaches

Maryland racing industry embraces new optimism as Preakness approaches

It's hard to overstate how bleak an outlook Maryland thoroughbred racing faced as recently as four years ago.

Magna Entertainment Corp., which owned Pimlico Race Course and Laurel Park, had declared bankruptcy and squandered a chance to bring lucrative slot machines to its facilities. The General Assembly had in turn asserted its right to seize the tracks to protect the future of the Preakness Stakes, Maryland's largest sporting event.

The state's breeding stock was in freefall. Horsemen were locked in ongoing battle with the Maryland Jockey Club, which owns and operates the...

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