Articles posted February 23, 2001

Headlines and features from the Thoroughbred industry

Stronach's Daughter Vice Chair at Magna International

Belinda Stronach, the 34-year-old daughter of Magna International chairman Frank Stronach, has been named chief executive officer and vice chairwoman of the company. Magna International reported a 6% decline in fourth-quarter earnings from the year-earlier period. Revenue climbed 6%.

Florida Derby Field Taking Shape; 7-8 Likely Starters

With the final major preview event in the books, the field for Gulfstream Park's $1 million Florida Derby (gr. I) on March 10 is starting to take shape. The top three finishers in last week's grade I Fountain of Youth Stakes – Songandaprayer, Outofthebox and City Zip – are expected to top a field of eight or nine in the 50th anniversary running of the Florida Derby, centerpiece of the winter meeting for 3-year-olds.

Youbet Faces De-Listing By NASDAQ Inc., the online live event and horse racing wagering company, announced Friday that it received notification from The Nasdaq Stock Market that it is not in compliance with the National Market's listing maintenance standard regarding minimum bid prices. This standard requires that the company's common stock maintain a minimum bid price of at least $1.00 per share. In order to comply with this standard, the company's common stock must have a minimum bid price of at least $1.00 for 10 consecutive trading days prior to May 21, 2001.

Digital Photo Capability Added to Jockey Club Site

The Jockey Club announced Friday that owners and breeders can now complete the entire Thoroughbred registration process, except for the DNA/blood-typing kit, over the Internet
following the integration of digital photo capabilities into Jockey Club Interactive, the registry's Website. Jockey Club executive vice president and executive director Gary Carpenter called the ability to submit digital photos via Jockey Club Interactive another example of utilizing the latest technology for the benefit of all owners and breeders.

Jorrocks On For Santa Anita Handicap

Jorrocks On For Santa Anita Handicap

European import Jorrocks cleared quarantine and arrived at trainer Bob Hess Jr.'s barn Wednesday ready to roll in the $1-million Santa Anita Handicap on March 3. "We bought him specifically to run in this race," said Hess. In other Big 'Cap developments, Horse of the Year Tiznow was among those working Thursday in preparation for the grade I test.

Account Wagering, Tax Reduction Bill Introduced in Arkansas

"Recognizing Oaklawn's significant contributions to tourism and retirement in Arkansas and an increased challenge to compete with race tracks in surrounding states," state senator Terry Smith (D-Hot Springs) filed a two-pronged pari-mutuel bill Thursday in an effort to protect Oaklawn's economic contributions to Arkansas. If passed, Senate Bill 602 would amend the state privilege tax rate on pari-mutuel wagering on horse racing, while also authorizing Oaklawn Park in Hot Springs and Southland Greyhound Park in West Memphis to conduct account wagering.

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February 2001

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