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MEC Officials Promise to Keep Chipping Away at Debt

MEC Officials Promise to Keep Chipping Away at Debt

Magna Entertainment blamed the weak performance of its slots operation at Gulfstream Park Racing & Casino as a key to another in a series of poor financial quarters, as the company announced a $49.8 million net loss ending Sept. 30.

Magna Entertainment Ready to Take 'Drastic Action'

Magna Entertainment Co. announced "disappointing" second-quarter earnings Aug. 9 that included a $23.4-million loss during the period, and outlined new initiatives to help reduce mounting debt that has haunted the racetrack operator.

Tampa Bay Downs Opens 80th Season of Live Racing

The 80th season of live Thoroughbred racing at Tampa Bay Downs opens Dec. 10 with changes aimed at impressing racing fans, including bigger payouts on exacta, daily double, quinella, pick 3, and pick 4 wagering. The track's 26 stakes races will be run for more than $2.3 million.

Post Time Training Center Now Owned by Bank

Robert "Country" and Bea Roberts' Post Time Training Center in Ocala, Fla., was auctioned at a foreclosure sale the morning of Aug. 24 and is now owned by Community Bank of Marion County.

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