N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 214: Acquisition of racing facilities

§ 214. Acquisition of racing facilities. Any franchised corporation

desiring to acquire racing facilities, including real estate, or the

capital stock of one or more racing associations shall apply to the

franchise oversight board for approval of such acquisition. If in the

judgment of such board the public interest, convenience or necessity and

the best interest of racing generally will be served thereby, such board

shall enter an order granting approval of such acquisition and of the

terms thereof.