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ANDREA YOUNG APPOINTED PRESIDENT AND CHIEF OPERATING OFFICER OF SAM HOUSTON RACE PARK AND VALLEY RACE PARK

    

The Showgrounds Sam Houston Race ParkHOUSTON (January 12, 2009)—MAXXAM Inc., parent company of Sam Houston Race Park (www.shrp.com), has announced the promotion of Andrea Young as President and Chief Operating Officer for The Park as well as Valley Race Park (www.valleyracepark.com).  In addition, Young will join the company’s Board of Directors. 
Young, who previously served as Chief Operating Officer for Sam Houston Race Park, will assume similar duties at Valley Race Park effective immediately.  Young’s duties include the oversight of all day-to-day operating activities for both companies, including revenue and sales growth; expense, cost and margin control; monthly, quarterly and annual financial goal management; racing, facility operations, sales, marketing, human resources and business administration.  Young will also establish and maintain performance goals, allocate resources and assess policies for senior management.

Young was first hired in 2007 and has seen considerable success since joining the Houston horse track.  
“Our primary goal has been to establish ourselves as a one of the premier destinations for horse racing in the state of Texas,” said Young. “And with the addition of our newest venue, The Showgrounds, we have also positioned our company as a leader in Houston entertainment.  I am pleased with our progress and excited about the opportunity to reach all of our goals in the years to come.”

Shawn Hurwitz, President of MAXXAM Inc. and The Park’s CEO, commented, “Much has changed at Sam Houston Race Park since April 2007.  Our customers are happier and our employees are working in a more energized environment.  This is a result of great leadership by Andrea.”

Valley Race Park is home to greyhound racing and year-round Thoroughbred, Quarter Horse and greyhound simulcasting.  Under the ownership of Sam Houston Race Park, Valley Race Park was re-opened in 2000, and has strived to become the best entertainment value in the region.  The park provides the community with several hundred jobs and is a significant contributor to the city of Harlingen.

            Prior to joining Sam Houston Race Park, Young served as President and CEO of The Houston Comets (WNBA) for almost two years.  Young moved to Houston in 2000, to join the Houston Rockets organization where she was a key member of the team responsible for the development, design, construction and opening of Toyota Center.  While with the Rockets, she also served as Director of Event Marketing and Booking where she was responsible for attracting and marketing events at the new facility including concerts, family shows and other special events including the 2006 NBA All Star Game. 

In addition to her responsibilities at Sam Houston Race Park, Young serves on the Board of Directors of Girls Incorporated of Houston and the Executive Women’s Partnership.

A graduate of Vanderbilt University, Young began her career in sports and entertainment with the Tennessee Titans in media relations.  Young lives in Houston with her husband, John, and their young son.

Sam Houston Race Park is Houston’s premier racing and entertainment facility, located 15 minutes from downtown Houston, and offers a variety of attractions including 19 luxury suites overlooking the race track, The Pavilion Centre, and award-winning dining options at the Winner’s Circle Restaurant and Jockey Club.  The Park’s newest addition, The Showgrounds, is an all-ages venue that hosts annual Country, Classic Rock and Contemporary concert events throughout the year.  For more information on upcoming shows, events and tickets, please visit www.shrp.com.

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