"No New Horse Race Track in Mongolia"

The deal was cinched with pledges that the necessary laws and regulations will be approved by Mongolia's parliament and the city council of the capital, Ulaanbaator, the site of the racetrack.

That's why Louisville's Churchill Downs on Thursday and Lexington's Keeneland Race Course and other horse attractions were the destinations of a quick trip by a delegation that included Tunjin Badamjunai, the majority leader of Mongolia's parliament, and N. Bollormaa, chairwoman of the Ulaanbaator city council.

MonInfo has the other side of the story

N. Bolormaa, Chairman of the Ulaanbaatar Citizen’s Representatives Council vehemently denied that a Lexington Herald-Leader article named, “Mongolian racetrack deal cinched,” was true.

“I have not heard about any monetary amount (US$ 110 million). I didn’t talk with Kentucky and Lexington’s officials about any kind of gambling issues. Because Mongolia has no laws about gambling and I’m not a lawmaker I don’t know when and how they would approve any gambling law. This issue is prohibited in Mongolia,” Bolormaa told MonInfo in an interview.

The Lexington Herald-Leader paper reported on its website that on November 24, “A Mongolia-Bluegrass alliance was forged yesterday to build for the Asian nation a US$ 110 million racetrack that will offer both pari-mutuel wagering and casino gambling.”

“We exchanged our proposals each other about to build a complex town consisting of a racetrack following a training center for specialists of agriculture and apartments. The investment for this complex town would be 60 percent responsible by the USA side and 40 percent from the Mongolian side,” Bolormaa said.

“We didn’t sign any document and we didn’t make any detailed deal about it. We just exchanged opinions to cooperate both Ulaanbaatar and Kentucky,” pointed out Bolormaa.

Three representatives from the American side offered a project update document, but did not immediately answer emailed questions sent last week.

“…the economic reality is such that without gaming, the scope of the facilities and job creation cannot be fully realized,” the project update said.

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