Thoroughbred Racing

State Audits Thoroughbred Authority; Finds “Significant” Non-Compliance With Law

On October 10, the Maryland General Assembly’s Office of Legislative Audits released the results of its fiscal compliance audit of the now-defunct Maryland Thoroughbred Racetrack Operating Authority (MTROA). The auditors reported “significant instances of noncompliance with applicable laws, rules, or regulations” and “significant deficiencies” in MTROA’s internal controls.  Background The General Assembly …

Maryland General Assembly Undoes 2023 Legislation re Thoroughbred Racing Operations

First posted on The Equiery.com (Apr. 5) A piece in the Daily Record today reports that the Maryland General Assembly has undone the 2023 legislation that created the Maryland Thoroughbred Racetrack Operating Authority: “In a surprise development, lawmakers . . . changed course on their merely one-year-old plan for the state to assume ownership …

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