Racing Commission awards operating license for pari-mutual wagering and simulcast racing

The Greene County Racing Commission has awarded a six year operating license to Five Star Investment Company, LLC to conduct parimutuel wagering with authorization to conduct Greyhound Simulcasting and Historical Horse Racing Gaming. According to the Racing commission, only one application was submitted. The license is awarded for six years at a fee of $10,000 per year.
The licensee will contribute 4% of revenues to the Racing Commission towards its operations and to distribute to designated entities as previously prescribed by Alabama Legislative Action. These entities include Greene County Hospital Board, Greene County Board of Education, Greene County Commission, incorporated municipalities, law enforcement, ambulance service and maintenance, other designated community organizations and programs.
The new licensee will conduct simulcasting gaming at the Palace Gaming facility in Knoxville. Reportedly, the Racing Commission’s offices will also be located at the Palace.
The previous license for Pare-Mutuel Wagering, Greyhound Simulcasting and Historical Horse Racing Gaming had been held by Greenetrack, Inc. and operated at its gaming facility. According to Mr. Luther Winn, former Greenetrack, Inc. CEO and President, the 
Greenetrack facilities on Greene County Road 208 and all properties, once in Greenetrack’s name, have been confiscated by the State of Alabama. The Greenetrack Gaming facility, previously co-owned by Greenetrack stockholders and the Greene County government is currently co-owned by the State of Alabama and Greene County government.
It should be noted that the electronic bingo gaming which the State of Alabama deemed illegal at Greenetrack and precipitated its closing is the same electronic bingo gaming currently operating at other facilities in Greene County.