International investment bank Dresdner Kleinwort Wasserstein initiated coverage of Magna Entertainment last week and promptly told investors to sell.
Breeders' Cup winner Val Royal will begin his stallion career at Eliza Park near Kerrie in the province of Victoria in Australia.
Australian company EquineUnited will conduct the world's first online auction for unborn foals on August 1.
- By Tom Precious
The New York Racing Association should know by the end of the week of June 24 if it will receive about $100 million in new loans for a major capital program at its three racetracks, the head of the racing organization said.
He might be 10 years old, but David Holloway's Bet On Sunshine is preparing to compete in the June 29 Aristides Handicap, a grade III event he has won the past two years.
Canterbury Park, which operates a successful card club in its clubhouse, and the Minnesota Horsemen's Benevolent and Protective Association have raised overnight purses by 5%. The increase is the fourth in three years.
Black Ruby, Mule racing's version of the Energizer Bunny, won the 43rd of her career in her 49th start June 23 at the San Joaquin County Fair in Stockton, Calif. The 10-year-old queen of racing Mules has now banked more than $140,000 in her career.
On the same day Chris McCarron, one of Thoroughbred racing's all-time leading riders, retired on a winning note, Herve Filion, the all-time leading Standardbred driver, returned to the track after a seven-year absence and won three races.
Jockey Patricia Cooksey, 44, the all-time leading female rider at Churchill Downs, is scheduled to ride at the Louisville track June 26 in her return to competition after a battle with breast cancer.
Gemstar-TV Guide International, the parent company of the TV Games Network, lost 39% of its value Monday in a frenzy of selling. Investors reacted to a ruling June 21 that Gemstar's patents for an interactive television program guide have not been infringed by competing products.
Millionaire Diplomatic Jet was represented by his first winner when his daughter Jettin'for Roobels won June 21 at Colonial Downs
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