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An aide to Maryland Gov. Martin O'Malley and horse racing representatives say an agreement has been reached to salvage horse racing. The tentative pact would allow for a full calendar of 146 racing days in Maryland and keep the Preakness Stakes in the state.
Word of the agreement came after a meeting in Annapolis between representatives from the governor's office and horse racing. The $3- to $4 million necessary to cover the operating cost of horse racing would be redirected from the state's slot machine proceeds.
The agreement was announced a day after the Maryland Racing Commission voted to reject a proposal by the owners of Pimlico Race Course and Laurel Park to conduct live racing next year.
The plan still needs to be approved by the commission.