Magna Entertainment is seeking permission to auction its assets as part of its bankruptcy. The company owns Pimlico Race Course and Laurel Park.
But Magna says it will not consider bid proposals that would move the Preakness Stakes out of Maryland. It is the second race in the Triple Crown series.
Governor Martin O'Malley issued this statement: "I am pleased that Magna recognizes the importance of keeping the Preakness here in Maryland, where it belongs and has been for over 100 years. Maryland has a rich tradition of horse racing and horse breeding, and these industries generate thousands of jobs and millions of dollars for the local economy."
