- --------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
---------------------------
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: JANUARY 24, 2000
Commission File Number 33-67738
SAM HOUSTON RACE PARK, LTD.
(Exact name of Registrant as Specified in its Charter)
TEXAS
(State or other jurisdiction
of incorporation or organization)
ONE SAM HOUSTON PLACE
7575 NORTH SAM HOUSTON PARKWAY WEST
HOUSTON, TEXAS
(Address of Principal Executive Offices)
76-0313877
(I.R.S. Employer
Identification Number)
77064
(Zip Code)
Registrant's telephone number, including area code: (281) 807-8700
---------------------------
- --------------------------------------------------------------------------------
ITEM 5. OTHER EVENTS
Attached hereto as Exhibit 99 is a press release dated January 24, 2000
announcing that SHRP Valley LLC, a wholly owned subsidiary of the Registrant,
through the purchase of all of the outstanding common stock of Ladbroke Racing
Texas Corporation, acquired Valley Greyhound Park in Harlingen, Texas for $2.35
million in cash. The operating entity will be Valley Race Park Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SAM HOUSTON RACE PARK, LTD.
Date: January 24, 2000
By: /S/ MICHAEL J. VITEK
--------------------------
Michael J. Vitek
Vice President of Finance
Exhibit 99
SAM HOUSTON RACE PARK COMPLETES ACQUISITION OF VALLEY GREYHOUND PARK IN
HARLINGEN, TEXAS
Houston, Texas, January 24, 2000 -- The sale of Valley Greyhound Park to
Sam Houston Race Park was completed today. Sam Houston Race Park was granted
approval on January 19th by the Texas Racing Commission to own and operate the
greyhound facility, which was closed in 1995. The transaction, which took place
today, became final when SHRP Valley LLC, a wholly-owned subsidiary of Sam
Houston Race Park, Ltd., purchased all of the outstanding stock of Ladbroke
Racing Texas Corporation.
Officials at Sam Houston Race Park announced that the newly acquired
racetrack will operate as Valley Race Park Inc. Initial plans call for the
reopening of the facility on Friday, March 17, 2000. Valley Race Park Inc. will
offer a comprehensive simulcast program, which will include wagering on both
horse and greyhound racing. Officials are still targeting December, 2000 for the
return of live greyhound racing in Harlingen.
"We are pleased that the deal has been closed and that we can now direct
our full efforts to reopening a first-class simulcast facility and racetrack,"
said Robert Bork, Senior Vice-President and General Manager. "Our goals are
simple; we want to operate a superior entertainment and sporting venue and make
a significant and on-going contribution to the Harlingen economy."
Company press releases may contain statements that constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. The company cautions that any such
forward-looking statements are not guarantees of future performance and involve
significant risks and uncertainties, and that actual results may vary materially
from those expressed or implied in the forward-looking statements as a result of
various factors.
