Articles posted May 4, 2004

Headlines and features from the Thoroughbred industry

Stronach Tells Shareholders MEC is Turning Corner

Magna Entertainment Corp. chairman Frank Stronach told shareholders Tuesday he expects the company to reach consistent profitability within one to three years through continued development of the company's racetracks and new self-service betting machines he believes will become more popular than slot machines.

Rock Hard Ten Impresses in Seven Furlong Drill

Mercedes Stables' and Madeleine Paulson's Rock Hard Ten, third via disqualification in the Santa Anita Derby (gr. I) and excluded from the 130th Kentucky Derby (gr. I) because of insufficient earnings in graded stakes events, tuned up for an expected run in the Preakness (gr. I) with a seven furlong workout Tuesday at Churchill Downs.

Zito Pair May Join The Cliff's Edge in Preakness

Trainer Nick Zito, who saddled two horses in the Kentucky Derby (gr. I), could have two or even three in the Preakness Stakes (gr. I). Zito said owner Tracy Farmer and racing manager Lincoln Collins are seriously considering the second leg of the Triple Crown for Sir Shackleton and/or Royal Assault.

Grade II Winner Private Emblem Euthanized

Private Emblem, whose unbeaten streak in the spring of 2002 helped bring national attention to his sire, Our Emblem, was euthanized after fracturing both sesamoid bones in his left front leg.

Bonus Round

By Ray Paulick -- Smarty Jones' win in the Derby will feed the dreams of thousands who own or breed on a modest scale...

Philly Faithful

By Tom LaMarra -- "The Chapmans are people with great hearts, the kind of people that really make the business go. If we didn't have people like them, we wouldn't have a Derby."

Takeout Increase Gains Calif. Assembly Nod

A bill aimed at easing the strain of workers' compensation insurance costs for California horsemen by raising pari-mutuel takeout on exotic wagers by a half of a percentage point cleared the state Assembly by unanimous vote May 3. It is headed to Gov. Arnold Schwarzenegger for his signature.

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