Maryland Stadium Authority Secures Laurel Park's Future with $48 Million Acquisition

The Maryland Stadium Authority has officially approved the $48 million purchase of historic Laurel Park, marking a significant step for the future of horse racing and development in Laurel, Maryland.

Churchill Downs Acquires Preakness Stakes for $85 Million, Licenses IP to Maryland

Churchill Downs Incorporated has acquired the Preakness Stakes for $85 million and licensed its intellectual property rights to the State of Maryland, a move that reshapes horse racing's Triple Crown and solidifies Maryland's stake in the iconic race's future.