Quantcast

Md. Jockey Club needs state aid to break even

ANNAPOLIS — The Maryland Jockey Club says it can break even this year, but only if a proposed state loan clears the General Assembly by April 11.

The owner of Laurel Park and Pimlico Race Course — home of the Preakness, the second leg of horse racing’s Triple Crown — is banking on $1.7 million from the state horsemen’s association and $3.6 million loan from the state to balance its books this year.

Jockey Club President Tom Chuckas said Friday that a handful of one-time expenses — including the cost of a lawsuit fought against Baltimore developer David Cordish over one of the state’s five slots licenses — cut into the club’s profits.

He also said the cost of the controversial “Kegasus” advertising campaign for Preakness is likely less than $400,000.

2 comments

  1. If a business cant support itself then it needs to go out of business, not get bailed out over and over.

    No one watches horse racing in Maryland anymore. It’s time to accept that tastes in entertainment have changed and this is no longer a viable business.

  2. sylvan finkelstein

    let them go out of business all these companies have balls totonowil
    want the help of the government….what about the citizens
    that are struggling to survive..you all don’t give a damm
    about us why care about them i know fat pockets and greed

Leave a Reply

Your email address will not be published. Required fields are marked *

*