COLONIAL’S JACOBS PURSUING MAGNA’S THISTLEDOWN?

According to the Cleveland Plain Dealer, MTR Gaming is a potential buyer of Magna’s Thistledown Racetrack. Jeff Jacobs, who’s Jacobs Entertainment owns Colonial Downs, is the chairman of MTR Gaming Group that owns Scioto Downs in Columbus, OH as well as Presque Isle Downs & Casino near Erie, PA, and Mountaineer Casino, Racetrack and Resort in West Virginia.

The U.S. Bankruptcy Court of Delaware on Wednesday rescheduled the auction for Monday in New York. The Delaware court is holding a sale hearing to approve the new owners on Tuesday in Wilmington, Del.

The only other track among the 11 owned by bankrupt Magna Entertainment Corp. that will be sold this week is Remington Park in Oklahoma. Magna officials report inadequate bids on the other tracks.

It is rumored that Penn National Gaming Inc., which owns Raceway Park in Toledo; Brock Milstein, owner of Northfield Park as well as MTR are all potential bidders.