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2016 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - (Racing, Pari-Mutuel Wagering and Breeding Law) THOROUGHBRED RACING AND BREEDING
214 - Acquisition of racing facilities.

NY Rac, Pari-Mut Wat & Breeding L § 214 (2016) What's This?
  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.

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