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Pimlico profits from Preakness underwriting Laurel losses

By Aaron Cahall
Published
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If the slot referendum passes and the machines come to Laurel Park, some believe that track will underwrite operations at Pimlico.

But in the last two years, it?s Pimlico that?s transferred cash to Laurel to help the Anne Arundel facility meet payments on new construction, according to an audit of both tracks, which are owned by Ottawa-based Magna Entertainment Corp. And Pimlico?s profits are driven by Maryland racing?s marquee event, the Preakness.

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