Technology entrepreneur Halsey Minor said Wednesday he wants to acquire the ailing Magna Entertainment in order to take over its racetracks and revive the ailing horse racing industry by attracting more fans with better action.

Minor, a Virginia native with roots in horse country, said he wants to acquire Laurel Park, Pimlico and Magna’s other tracks around the country, adding that Magna’s tracks are in “horrible condition,” and that he would be interested in building a new Maryland facility equal to the stature of the Preakness.

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