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Choctaw Nation Buys Blue Ribbon Downs

OKLAHOMA – As reported by Bloodhorse: "Backstretch LLC, a private company wholly-owned by the Choctaw Nation of Oklahoma, closed a deal Monday to purchase Blue Ribbon Downs, one day before the Sallisaw, Okla. track was to be auctioned.

"Blue Ribbon Downs was slated to be put up for bid to pay a $2.9-million debt owed the city of Sallisaw by the track's previous owners, Race Horses Inc. The Choctaw Nation owns 14 gaming facilities in Oklahoma with class II licenses. This will be the Choctaw's first racetrack.

"…`We want to be part of improving horse racing and the gaming industry in general in Oklahoma,' said Choctaw chief Greg Pyle. `We feel our acquisition of Blue Ribbon Downs will have a positive effect on the horse racing industry in Oklahoma.'…"

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