Acquiring Company
State of Maryland
Acquired Company
1/ST Racing
AnnapolisEventsNon ProfitGovernmentEventsSportsEvent ManagementDescription
The State of Maryland has completed its acquisition of the Intellectual Property rights to the Preakness Stakes and Black Eyed Susan from 1/ST Racing. This acquisition, financed through notes issued by the Maryland Economic Development Corporation, secures Maryland's control over its horseracing sector. Governor Wes Moore emphasized the importance of the Preakness to the state’s culture and economy.
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Based on deal dataFrequently asked
Who acquired 1/ST Racing?
1/ST Racing was acquired by State of Maryland, based in Annapolis. The deal was reported on July 31, 2026. The State of Maryland is a U.S. state located in the Mid-Atlantic region. It is known for its significant history in horseracing and its vibrant cultural heritage. State of Maryland is privately held and operates in Events.
When did State of Maryland acquire 1/ST Racing?
State of Maryland's acquisition of 1/ST Racing was reported on July 31, 2026. The State of Maryland has completed its acquisition of the Intellectual Property rights to the Preakness Stakes and Black Eyed Susan from 1/ST Racing. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 1/ST Racing do?
1/ST Racing is a prominent entity in the racing industry, involved in the management and operation of racing tracks and events. They play a crucial role in the horse racing ecosystem, contributing to the overall experience and economic impact of the industry. It is privately held, operating in Events.