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
- Maryland Horse of the Year Ben's Cat Dies
- Abel Tasman Brings Form to Coaching Club American Oaks
- Del Mar Addressing Safety, Field Size Concerns
- Solis to Evaluate Future Following Surgery
- Arrogate Begins Del Mar Journey in San Diego Handicap
- Remembering Ben's Cat
- Secretariat Photo Album
- Ashleyluvssugar Highlights Eddie Read Stakes
- TVG Plans Special Coverage, Events at Saratoga
- Richard's Kid Gets First Winner at Del Mar