Frank Stronach

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Citronnade Wins Punchless Beverly Hills

Citronnade Wins Punchless Beverly Hills

If there was any hope for Citronnade's four opponents in $150,000 Beverly Hills Handicap (gr. IIT) on the turf at Hollywood Park, it was that the Bobby Frankel trained filly had never run as far as Sunday's 1 1/4-mile distance. It hardly mattered when the smooth striding bay dominated every step of the way to win by 2 1/2 lengths.

Stronach Tells CHRB He'll Use $24M on Upgrades

Trying to undo the negative fallout over comments by his company's new CEO, Magna Entertainment founder Frank Stronach pledged $24 million for installation of synthetic racing surfaces at Santa Anita Park and Golden Gate Fields as well as much needed refurbishing of the Santa Anita barn area.

Magna Packaging Properties to Drive Down Debt

Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.

Sugar Shake Keeps Frankel Happy in El Encino

All eyes were on trainer Bobby Frankel's British import Cantabria in the $150,000 El Encino (gr. II), but it was the Hall of Fame conditioner's other entrant - the Frank Stronach-owned filly Sugar Shake - that got the job done at Santa Anita Park Sunday.

Citronnade Full of Zest in 'Gorgonio Romp

Stronach Stables' homebred Citronnade was left alone on an easy lead and spurted away from her rivals in the stretch to win the $150,000 San Gorgonio Handicap (gr. IIT) for fillies and mares by three lengths Sunday on the Santa Anita Park turf course.

Council OKs Dixon Downs; Opponents Want Vote

Dixon Downs, Magna Entertainment Corp.'s "dream track" for Northern California, got a giant step closer to reality the evening of Oct. 23. But a local group that opposes the project is pushing for a referendum on the project in 2007.

Magna, Caruso Announce Santa Anita Pacts

  • News

Magna Entertainment Corp. and Caruso Affiliated announced Sept. 28 they have completed operating agreements for the proposed development of approximately 51 acres of undeveloped lands surrounding Santa Anita Park.

MEC Buys Am Tote

  • News

Magna Entertainment Corp. completed a $17.4 million acquisition of AmTote International on Thursday, adding a major provider of totalizator services to its portfolio of horse racing entities.

City Staff Urges Approval of Dixon Downs Plan

Six years after Magna Entertainment Corp. first pitched its idea, Dixon, Calif., city staff officially recommended the approval of Dixon Downs, a $250 million state-of-the-art racetrack and training center proposed for the rural town 20 miles west of Sacramento.

Stronach Touches on New York, Partnership With CDI

Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large.

Magna, Florida Horsemen OK Slot Revenue Split

  • News

After months of wrangling, Magna Entertainment Corporation and the Florida horseman agreed Friday evening to the percentage of slots revenue that will increase horseracing purses at Gulfstream Park.

Hall Monitor

By Ray Paulick -- For the second consecutive year, no contemporary horses were elected to the National Museum of Racing's Hall of Fame. That is astonishing, considering some of the champions named on the ballot.

MEC Director Says Company 'Hit Bottom in 2005'

With a first-quarter earnings report that shows net income of $2.2 million versus a net loss of $4.1 million for the same period a year earlier, Magna Entertainment Corp. is rebounding from what company officials called a very tough year in 2005, officials said.

Magna VP: Gulfstream a 'Renaissance of the Horse Industry'

Donald M. Amos, Magna Entertainment Corp.'s executive vice president and chief operating officer, told members of the Kentucky Thoroughbred Farm Manager's Club April 4 that horseracing was in need of a renaissance, and that newly renovated Gulfstream Park represented MEC's vision for that rebirth.

Stronach Seeking New Chief Executive, Partnerships, Debt Reduction

Frank Stronach, chairman of Magna Entertainment Corp., attempted to allay investor fears Thursday on the heels of yet another shakeup in the company's leadership. Stronach said he will serve as MEC's chief executive officer until a replacement can be found for outgoing president and CEO Tom Hodgson, whose departure was announced March 14.

OBS, Jai Alai Group Have Out-of-Court Settlement

  • News

The principals on both sides of a civil lawsuit involving Ocala Breeders' Sale Co. have agreed to settle the dispute out of court, just days before the four-year-old case was set to go to trial.

Keeneland Sale Exceeds 2005 Gross on Day 3

Northern Mischief topped the Wednesday session of the Keeneland January horses of all ages sale when Frank Stronach went to $340,000 to purchase the 4-year-old mare, helping the sale company surpass last year's total gross on day three of the seven-day sale.

I'm the Tiger Earns Stripes in De Francis Dash

Frank Stronach's homebred I'm the Tiger pounced on the lead for jockey Jerry Bailey and left his 13 foes well behind in the stretch en route to a surprisingly easy victory in the $300,000 Frank J. DeFrancis Memorial Dash (gr. I) at Laurel Park Saturday.

Katrina Evacuees Moved to 'Magnaville'

  • News

Magna Entertainment Corp. chairman Frank Stronach provided shelter at the Palm Meadows Training Center for 212 Gulf Coast evacuees on Sept. 4, six days after Hurricane Katrina devastated the region. Friday he made good on his promise to provide shelter a lot closer to their homes.

MEC Has Partner for Gulfstream Park 'Village'

  • News

Magna Entertainment Corp. and Forest City Enterprises have entered into a partnership on the proposed Village at Gulfstream Park, a retail, entertainment, and residential development that will dovetail with racing and gaming operations at the Hallandale Beach, Fla., racetrack.

Vella on His Own with Knights Templar

Four 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.

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