Articles posted December 3, 2002

Headlines and features from the Thoroughbred industry

Magna Gains $75 million through Notes Sell-Off

  • News

Magna Entertainment Corp. earned net proceeds of $72.75 million through its sale of Convertible Subordinated Notes, which will now used to pay for capital expenditures and other general corporate purposes.

Increased US Handle Fuels Gains at Woodbine

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A 20 % increase in wagering in the United States on Woodbine's live Thoroughbred racing helped propel the Toronto track to an overall gain of 5.5 % for the 166-day meeting which ended Dec. 1, according to a release from Woodbine.

Autotote Adds Independent Monitoring System

  • News

Autotote, which recently had a former employee plead guilty to fraud, will immediately begin installation of a new tracking device that can independently monitor wagering transactions and detect possible fraudulent activity.

Rudy's Duty

By Ray Paulick -- Hiring New York's former mayor is not just about getting good publicity for the racing industry. Also, remembering Laddie Dance, the auctioneer.

Following the Storm

By Dean Arnold --A stalwart racing fan recounts his chance sighting of Storm Flag Flying, one of racing's newest starlets.

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