Sunflower Racing, Inc. v. Mid-Continent Racing & Gaming Co. (In Re Sunflower Racing, Inc.)

MEMORANDUM AND ORDER

EARL E. O’CONNOR, District Judge.

This matter is before the court on the motion of Sunflower Racing, Inc., doing business as The Woodlands (“Debtor”), and Hollywood Park, Inc., for a stay of all bankruptcy proceedings pending appeal of the bankruptcy court’s order denying confirmation of Debtor’s reorganization plan (Doc. # 2). After careful consideration of the parties’ briefs, the court is prepared to rule. For the reasons set forth below, the court will deny Appellants’ motion.

The factual background of this matter is set forth in the court’s June 19, 1998 Memorandum and…