Texas Racing Commission approves Retama Park sale

Retama Park sold to Pinnacle Entertainment, Inc.

Author: Diana Winters, News Producer, dwinters@ksat.com
Published On: Dec 19 2012 01:18:36 PM CST   Updated On: Dec 19 2012 12:44:22 PM CST
Retama Park
SELMA -

The Texas Racing Commission has approved the sale of Retama Park in Selma to Pinnacle Entertainment, Inc.

The Nevada-based company received approval Tuesday from the TRC to purchase 75.5 percent of the racing assets of Retama Park for $22.8 million.

Pinnacle Entertainment owns casino properties in Louisiana, Missouri, and Indiana.  Retama Park would become Pinnacle's second acquisition of a racetrack, after acquiring River Downs in Cincinnati in 2010.

Officials from Pinnacle and Retama Park expect the transition to be completed by Feb. 1, 2013.