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Magna Entertainment Corp. reported Feb. 27 a total net loss of $39.7 million for the three-month period ending Dec. 31, and year-end losses of more than $105 million.
Tuesday, February 28, 2006Woodbine Entertainment Group has reiterated its views on non-racetrack rebate shops by denying International Racing Group access to Woodbine-hosted pools.
Thursday, December 22, 2005Total handle and purses registered gains during the 167-day Woodbine meet that spanned April 16-Dec. 11.
Thursday, December 15, 2005Fair Grounds Race Course will adopt net pool pricing to calculate payouts on winning wagers beginning with Thursday's program at Harrah's Louisiana Downs.
Wednesday, December 14, 2005Since common pool pari-mutuel wagering with Canada was introduced in the United States earlier this year, racetracks involved have seen significant gains in handle from Canada, according to Sean Pinsonneault, vice president of wagering operations for Woodbine Entertainment Group in Canada.
Thursday, December 08, 2005The finalists for the 2005 Sovereign Awards, Canada's racing honors, were announced today.
Thursday, December 08, 2005Michael C. Byrne, chairman of the Jockey Club of Canada from 1995 to 2005, has been named this year's E.P.Taylor Award of Merit winner.
Saturday, December 03, 2005Susan Jane Anstey, a key figure in Canadian equestrian and racing circles, died Nov. 9 from cancer. She was 59.
Tuesday, November 15, 2005Union Place, a graded stakes winning son of Out of Place, has been retired and will stand at owner William Sorokolit Sr.'s Silver Duck Stable in King City, Ontario, Canada.
Tuesday, November 08, 2005The Canadian Thoroughbred Horse Society's Ontario division has catalogued 186 lots for its winter mixed sale on Dec. 3 and 4 at Woodbine.
Thursday, November 03, 2005Churchill Downs will adopt net pool pricing to calculate pay-outs on winning wagers during its Oct. 30-Nov. 26 fall meet.
Saturday, October 29, 2005Breeders' Cup, faced with a potential decline in handle for this year's World Thoroughbred Championships given the absence of secondary pari-mutuel operators from its pools, is calling for the industry to expedite a policy on rebate shops.
Tuesday, October 25, 2005Four years ago, when he was the farm trainer for Frank Stronach at Adena Springs South near Ocala, Fla., Danny Vella had the satisfaction of seeing former pupils Perfect Sting and Macho Uno win Breeders' Cup races. At this year's Breeders' Cup World Thoroughbred Championships, Vella is seeking an even bigger thrill--training a winner of his own.
Friday, October 21, 2005In the two months since common pool pari-mutuel wagering with Canada was first introduced at Emerald Downs and Arlington Park, both tracks have seen significant increases in handle from Canada.
Wednesday, October 05, 2005A Bold n' Flashy filly and a Perigee Moon colt shared top-priced honors Monday during the select portion of the Canadian-bred yearling sale at Woodbine, each bringing $190,000 (approximately $159,853 in U.S. funds).
Wednesday, September 07, 2005Emerald Downs will become the first Thoroughbred track in the United States to conduct common pool pari-mutuel wagering with Canada on Thursday evening.
Friday, August 05, 2005Woodbine Entertainment Group enters a new era in horse racing and entertainment with its announcement today that, in partnership with American-based The Cordish Co., the Toronto track will build a $310 million, 25-acre entertainment district on the track's property.
Thursday, July 28, 2005Corticosteroids, which serve as anti-inflammatory agents, will be the focus of a panel discussion July 21 during the National Horsemen's Benevolent and Protective Association summer convention in Toronto, Canada.
Friday, July 08, 2005Magna Entertainment Corp. has agreed to sell Flamboro Downs, a Standardbred racino in Ontario, Canada, to Great Canadian Gaming Corp., a casino company that continues to add racetracks to its portfolio.
Thursday, July 07, 2005Woodbine Entertainment Group announced July 2 that Canadian wagers on Balmoral Park, a Chicago-based harness track, will for the first time be combined with the U.S. host track's pools, giving customers in both countries the same winning payout prices.
Saturday, July 02, 2005Jockey Javier Castellano will ride Ready and Alluring in Sunday's $500,000 Labatt Woodbine Oaks, the premier event for Canadian-bred 3-year-old fillies at Woodbine. Ready and Alluring could face as many as 10 challengers in the 1 1/8-mile race.
Monday, June 06, 2005Sam Krasner was named the 2005 Avelino Gomez Memorial Award winner. The award is given to the person, Canadian-born, Canadian-raised or regular rider in the country for more than five years, who has made significant contributions to the sport.
Wednesday, May 25, 2005Magna Entertainment Corp. reported a net loss of $4.12 million for the first quarter of 2005, down from net income of $21.11 million for the comparable period in 2004.
Monday, May 02, 2005Woodbine Entertainment Group, owner of Canada's largest racetrack, has filed applications that would allow its customers to place wagers directly into common pools at two tracks in the United States--The Meadowlands in New Jersey, and Calder Race Course in Florida. Similar applications for New York and California are slated to follow, said Steve Mitchell, WEG senior vice president and chief financial officer.
Tuesday, April 05, 2005Paul Cellucci, who formerly served as governor of Massachusetts and United States ambassador to Canada, is the new executive vice president of corporate development for Magna Entertainment Corp. beginning May 1.
Friday, March 18, 2005Woodbine Entertainment Group announced Friday that the purse for this year's Pattison Canadian International (Can-I) has been increased to a record CAN$2 million in 2005, up significantly from the $1.5-million purse offered last year.
Friday, February 18, 2005Sulamani received the highest rating of any horse that started in Canada last year based on the 2004 Canadian Thoroughbred Ratings, which replaced the Canadian Free Handicap. The Canadian Jockey Club compiled the rankings.
Friday, January 28, 2005Box Office Event will stand at Castle Peak Farm in Ontario, Canada, for a fee of $3,000.
Friday, January 14, 2005Sam-Son Farm and its homebred Soaring Free took home top honors when the Sovereign Awards were presented by The Jockey Club of Canada at the annual awards dinner Friday night in Ontario.
Friday, December 17, 2004Woodbine Entertainment Group announced Wednesday that total wagering on Woodbine's 167-day live Thoroughbred meet that concluded Sunday showed a slight decrease when compared with 2003.
Wednesday, December 15, 2004The Jockey Club of Canada announced Dec. 10 the three finalists in the divisional categories of the 30th annual Sovereign Awards, Canadian Thoroughbred racing's year-end honors.
Friday, December 10, 2004John Whitson, vice president of Thoroughbred racing for Woodbine, where he has worked for 31 years, will retire at the end of the year. Whitson will remain a consultant for Woodbine Entertainment Group on its stakes program.
Thursday, December 09, 2004Mark Casse, who has trained in both the U.S. and Canada, knows one way to find out if you have a really good Canadian-based horse -- ship to the states.
Friday, October 29, 2004The Foreign Sales Corporation bill, which includes a provision to strike the 30% withholding tax charged to foreigners for winnings on United States races, was signed into law Oct. 22 by President Bush.
Friday, October 22, 2004Canadian racing's 30th Annual Sovereign Awards will be held on Dec. 17 at the Wyndham Bristol Place Hotel Toronto.
Friday, September 24, 2004A Skywalker colt sold for Can$265,000 (approximately $204,114 in U.S. funds) Tuesday to top the Canadian-bred select yearling auction at Woodbine.
Wednesday, September 08, 2004M. Douglas Young has been appointed lead director of MI Developments' board of directors, the company announced Sept. 2. MID is a Magna company that is seeking to purchase the stock of Magna Entertainment Corp.
Friday, September 03, 2004Phil Heard, who joined Hastings Park as general manager in April of 2000, resigned on Tuesday.
Wednesday, April 28, 2004Great Canadian Gaming Corporation, through one of its subsidiaries 686486 BC Ltd., has completed its purchase of Hastings Park in Vancouver, British Columbia, in a $20.1 million deal.
Thursday, April 08, 2004Hastings Park, which was put up for sale in February by parent company Woodbine Entertainment Group (WEG), already has a buyer.
Tuesday, March 23, 2004Magna Entertainment Corp. announced Tuesday that it has made a non-binding proposal to the government of the Canadian Province of Quebec to invest in Quebec's four Standardbred racetracks, as well as a training center located in St. Basile le Grand.
Tuesday, March 16, 2004Belinda Stronach, daughter of Magna International owner Frank Stronach, won the Conservative Party nomination in Canada March 9 over Lois Brown, a long-time Canadian Alliance worker.
Wednesday, March 10, 2004Fort Erie Race Track today released the 2004 Stakes Calendar pending regulatory approval. The stakes calendar features 24 events, highlighted by the $500,000 Prince of Wales Stakes.
Thursday, March 04, 2004The Canadian Justice Department is investigating Woodbine Entertainment Group's new online wagering site that critics contend violates the law and should be shut down.
Saturday, February 28, 2004Hastings Park opens its 71-day live season April 17. The track has scheduled two more live racing days than last season and purses have increased nearly 15% over last year.
Tuesday, February 24, 2004Ivan Dalos' Victorious Lil, dam of Belmont Stakes (gr. I) winner and successful young sire Victory Gallop, died at age 15 after running into another broodmare at Briarbrooke Farm near Paris, Ky.
Tuesday, February 24, 2004Lodge Hill, winner of the 2000 Breeders' Stakes for Eugene and Laura Melnyk and Bristow Farms, has been retired and will stand at Norse Ridge Farm near King Township, Ontario, Canada.
Friday, February 13, 2004The Jockey Club of Canada's Canadian Graded Stakes Committee has released its 2004 list of graded stakes, which numbers 38 races, with three graded I events, the Pattison Canadian International, Atto Mile, and E.P. Taylor, all of which are contested at Woodbine.
Thursday, February 05, 2004Wando, who became the seventh horse to win Canada's Triple Crown, took to the training track on Friday morning at Palm Meadows Training Center in Florida, and worked three furlongs in :39.60 that definitely pleased trainer Mike Keogh
Friday, January 30, 2004Gil Robillard, who piloted 11-1 longshot Epigram to victory in the 1952 Queen's Plate, died Jan. 23 in Barrie, Ontario, Canada.
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