Maine Racino Sale Confirmed

AUGUSTA, Maine – As reported by the Portland Press Herald: "Penn National Gaming confirmed on Thursday that it plans to buy Bangor Historic Track from rival Shawn Scott and develop Maine's first racetrack with slot machines.

"As expected, the announcement came as the Maine Harness Racing Commission prepared to resume a hearing on Scott's request for a commercial racing license.

"…[Scott nor Penn National officials] said the agreement is contingent on Penn National obtaining racing and slot licenses from the state and a development contract with the city of Bangor.

"The likely change in ownership means the commission must decide whether to move forward with Bangor Historic Track's application or start anew. It will meet again at 9 this morning at the Augusta Civic Center to hear a recommendation from Scott.

"…During Thursday's hearing, Commissioner Michael Andrews said it seemed clear to him that a new owner would mean a new licensing process.

"…Complicating the issue is the fact that a new voter-approved law legalizing the use of slot machines at racetracks is scheduled to take effect on Feb. 21…"