Frank Stronach

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Magna to Introduce Patron-Friendly Betting Machines

Magna Entertainment Corp. has plans for new pari-mutuel wagering machines designed to make betting easier for first-timers, officials said May 1 during a press conference after the company's annual meeting.

Buffy Gives Mel Stute Win Over Brother Warren

In a battle of longtime training brothers, Mel Stute, 75, defeated Warren Stute, 81, when Buffythecenterfold edged favored Watching You by a nose Sunday in the $79,425 Santa Paula Stakes for 3-year-old fillies at Santa Anita Park.

Magna Unveils Revisions for $250-Million Dixon Downs

Magna Entertainment Corp.'s plans for Dixon Downs, the company's ideal "racetrack of the future," are finally headed to the starting gate. On March 3, MEC submitted its detailed proposal for the $250-million project to the city of Dixon, located 19 miles west of Sacramento, Calif.

Medaglia d'Oro May Point for Big 'Cap After All

Milwaukee Brew is set to defend his title for owner Frank Stronach and trainer Bobby Frankel in the $1 million Santa Anita Handicap (gr. I) on March 1, but with war drums in the Middle East beating loudly, Frankel could add Strub Stakes (gr. II) winner Medaglia d'Oro to the Big 'Cap mix.

Buffythecenterfold Back in Stute's Barn

Buffythecenterfold is back at Santa Anita with trainer Mel Stute, who saddled the filly to a seventh-place finish in the Breeders' Cup Juvenile Fillies last Oct. 26 at Arlington Park.

Sunshine Millions Draw 145 Pre-Entries

  • News

Seventy-nine stakes winners, including 56 horses who have won graded events, are among the 145 runners pre-entered Thursday in the inaugural $3.6 million Sunshine Millions at Santa Anita Park and Gulfstream Park on Jan. 25.

Toccet's Owner Stirring Up the Pot Again

It looks as though the weather might do what Toccet's owner, Dan Borislow, has been unable to, and that is to eliminate the Frank Stronach-owned and Bobby Frankel-trained Ghostzapper from the competition in Saturday's Hollywood Futurity.

Sunshine Millions: $3.6M in Purses in California, Florida

  • News

The Sunshine Millions, a series for California-breds and Florida-breds, will be held Jan. 25, 2003, according to Magna Entertainment. The program will feature four races each at Gulfstream Park in Florida and Santa Anita Park in California, both of which are owned by Magna.

Lone Star Park Lease Agreement Transfer Approved

  • News

An agreement transferring the master lease on Lone Star Park from the city of Grand Prairie, Texas to Magna Entertainment (MEC) was unanimously approved by the Grand Prairie Sports Facilities Development Corporation (GPSFD), the seven-member board appointed by the city of Grand Prairie to serve as landlord of the track. The transfer is pending approval by the Texas Racing Commission.

Magna Skeptics

By Ray Paulick -- If the investment community is unclear about the direction Magna Entertainment is heading, it isn't alone. People in racing also are wondering exactly what chairman Frank Stronach has in mind for the company that has either acquired or has agreements to purchase racetracks in nine states and in one province of Canada.

Magna Skeptics

By Ray Paulick -- If the investment community is unclear about the direction Magna Entertainment is heading, it isn't alone. People in racing also are wondering exactly what chairman Frank Stronach has in mind for the company that has either acquired or has agreements to purchase racetracks in nine states and in one province of Canada.

Magna Skeptics

By Ray Paulick -- If the investment community is unclear about the direction Magna Entertainment is heading, it isn't alone. People in racing also are wondering exactly what chairman Frank Stronach has in mind for the company that has either acquired or has agreements to purchase racetracks in nine states and in one province of Canada.

Lanni Leaves Magna Board of Directors

  • News

Citing time constraints due to his responsibilities as chairman of the board and CEO of MGM Mirage, Terrence Lanni has resigned from the board of Magna Entertainment.

They'll Need to Catch 'Buffy' in the Sorrento

Although trainer Mel Stute believes she is versatile enough not to have to be on the lead, Buffythecenterfold certainly seems to be the one to catch in Saturday's $150,000 Sorrento Stakes (gr. II) for 2-year-old fillies at 6 1/2 furlongs on the main track.

NYRA Chairman Criticizes Magna Investment in Maryland

Early in a program about the Saratoga season at the National Museum of Racing Monday night, New York Racing Association chairman Barry Schwartz criticized the recent purchase of a majority interest in the Maryland Jockey Club by Frank Stronach's Magna Entertainment.

Magna Buys Majority Interest in Pimlico, Laurel Park

Magna Entertainment will hook up with Joe and Karin De Francis to own and operate Laurel Park and Pimlico Race Course under a $117.5-million deal announced July 15. At least a partial sale of the two Maryland racetracks has been rumored for months.

Stronach, Chief Bearhart Head List of Hall of Fame Nominees

Frank Stronach, one of North America's most influential people in the Thoroughbred racing industry, and Sam-Son Farm's Chief Bearhart, winner of the $2 million Breeders' Cup Turf in 1997, head a list of six candidates for nomination into Canada's Horse Racing Hall of Fame.

Report: Melnyk New Canadian Leader in Compensation

Biovail Corp. chairman and chief executive officer Eugene Melnyk has topped Magna International chairman Frank Stronach in terms of highest compensation in corporate Canada in 2001, the Toronto Globe and Mail reports.

Magna: More Tracks, Profit-Sharing Plan for Racing

Look for more of the same from Magna Entertainment, which has built itself into the largest operator of Thoroughbred racetracks in the country, in the next two years. In addition, company chairman Frank Stronach has proposed a plan to split profits from racing.

VLT Legislation Proceeding in Florida

The sponsor of legislation that would authorize video lottery terminals at Florida's pari-mutuel facilities said budget concerns in the state give it some chance to pass. Meanwhile, two VLT bills in the Senate cleared committee March 6 and could be combined.

Stronach Proceeding with Plans for Ocala Track

  • News

Frank Stronach, chairman of Magna Entertainment, is proceeding with plans to build a racetrack complex near Ocala, Fla., despite facing several governmental and legislative hurdles.

Adena Springs to Conduct Sale of Juveniles in March

Frank Stronach's Adena Springs Farm will offer two-thirds of its current crop of 2-year-olds a public auction on March 21 at Adena Springs South near Ocala, Fla. Approximately 71 juveniles have been catalogued for the sale, which will be conducted with the help of personnel from the Ocala Breeders' Sales Company.

Red Bullet Turns in Final Work for Donn

Classic winner Red Bullet completed his last major workout on the Gulfstream Park oval before a scheduled appearance in the $500,000 Donn Handicap (gr. I) at 1 1/8 miles on Feb. 9. Red Bullet was officially clocked in :47 3/5 breezing for a half-mile.

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