A new entity called Blow Horn Equity has submitted a bid for the Maryland Jockey Club assets, the company announced Dec. 18.
Blow Horn Equity joins Cordish Cos., Penn National Gaming Inc., and others in the bidding for Laurel Park and Pimlico Race Course, currently owned by Magna Entertainment Corp., which earlier this year filed for Chapter 11 bankruptcy protection.
Blow Horn Equity, according to a release, is a Delaware corporation affiliated with EQB, a racehorse and bloodstock consulting firm based in Pennsylvania. The company said it submitted a “fully funded” proposal for the MJC assets.
Blow Horn Equity founder and chief executive officer Jeff Seder said in a statement the company would pursue slot machines at Laurel and would invest more than $500 million in a slots casino and the two racetracks if it is awarded a slots license. MEC’s bid for a slots license was disqualified earlier this year, but the company has appealed the decision.
“The new owners of Laurel Park should be given the right to submit an application for a (slots) license to build a world-class destination entertainment and casino venue,” Seder said.
The company said it would construct a temporary slots facility that could open within six months, and a permanent casino in the third year.
Auction of the MJC assets, which include the Bowie Training Center, is scheduled for Jan. 8.