The Maryland Jockey Club submitted an audited financial report March 31 that showed losses for Laurel Park and a small profit for Pimlico Race Course for the final eight months of 2010.
Despite financial results that show a net loss of $105.1 million in 2003, Magna Entertainment Corp. president Jim McAlpine said the company "made significant strides" in creating a global company built around horse racing.
Gemstar-TV Guide International reported a net loss of $6.23 billion, mainly from write-downs for goodwill, for fiscal year 2002. Meanwhile, the company's interactive platform sector, which includes the TV Games Network, posted revenue gains.
Most Popular Stories
- Multiple Group I Winner The Fugue Retired
- Wise Dan Turns in First Breeze Since Surgery
- Jockey Stevens to Undergo Knee Surgery
- French Derby Duo Face Off at Longchamp
- California Chrome Returning Early From Break
- 'Princess' Looks Tough in Delaware Handicap
- Kentucky Horses Lose a Friend in Vet Byars
- 'Power' Pair Square Off in July Cup
- 95% Clearance Rate on Day 2 at Tattersalls
- Social Inclusion Breezes for Haskell