Keith Brackpool, who resigned from the California Horse Racing Board on Thursday to take an equity position in the Stronach Group, said the state’s Revolving Door Policy for state officials and employees will be “completely respected.”

The Stronach Group owns the California racetracks Santa Anita Park and Golden Gate Fields, along with the Xpressbet advance deposit wagering company, AmTote totalisator company, and is co-owner of HRTV. The company also owns Gulfstream Park racetrack and casino in Florida, the Maryland Jockey Club tracks Pimlico and Laurel in Maryland and has extensive real estate holdings. It is owned by the family of Frank Stronach.

Brackpool, who has chaired the racing regulatory body for three years and has been a CHRB member since September 2009, is prohibited from lobbying the horse racing board for one year under regulations of the Fair Political Practices Commission, Title 2, Division 6, California Code of Regulations. In addition to his equity position with the Stronach Group, Brackpool is joining the company’s board of directors and is chairman of its California operations.

“There is a very strict one-year policy, and we are completely in adherence to that law,” Brackpool told the Paulick Report. “It will be completely respected.”