Frank Stronach

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Sunshine Millions Draw 145 Pre-Entries

Sunshine Millions Draw 145 Pre-Entries

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.

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

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

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

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

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.

Magna to New York: 'We Are Not Going Away'

Stymied in recent efforts to enter the New York racing market, Magna Entertainment is still highly interested in moving its way into the lucrative betting state, the company's president said Aug. 6.

Stronach: Pimlico Should Be Leveled, Rebuilt

Stronach: Pimlico Should Be Leveled, Rebuilt

In his first public comments about specific plans for Maryland racing, Magna Entertainment chairman Frank Stronach said the company will tear down Pimlico Race Course and build a new track on the same site.

NYRA Chairman Criticizes Magna Investment in Maryland

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

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.

Magna Entertainment's Statement on Advance Deposit Wagering in California

Applications from four companies seeking to offer Advance Deposit Wagering, or account wagering, in California will be considered by the California Horse Racing Board Thursday, Jan. 24. The regulations were approved by the state last Friday, allowing the CHRB to proceed with consideration of the applications from Autotote Enterprises Inc., Magna Entertainment Corporation, ODS Technologies (TVG), and Youbet.com. At the invitation of The Blood-Horse, each of the four license applicants was asked to provide a brief statement concerning their proposal for account wagering in California. Here is the response from Magna Entertainment:

Red Bullet Heads Donn Worktab

Frank Stronach's classic-winning Red Bullet worked toward his anticipated start in next month's Donn Handicap (gr. I) Wednesday morning, getting five furlongs in 1:03, breezing. In other news, Mongoose, who defeated Monarchos last weekend, may get a start in the Donn; and Beatrice Oxenberg's Best of the Rest, prepares for Gulfstream Park's signature race for older horses.

Official: Dixon Downs Plans Continue to Progress

Dixon Downs may not be on the fast track, but it's making steady progress toward ground-breaking. That's the report from the front lines in Dixon, the small California town 20 miles west of Sacramento where Magna Entertainment Corp. is hard at work developing a state-of-the-art racetrack.

Magna Plans $5-Million 'Sunshine Millions'

Magna Plans $5-Million 'Sunshine Millions'

An eight-race, $5 million series of races for California- and Florida-bred horses has been approved by the Florida Thoroughbred Breeders and Owners Association, the California Thoroughbred Breeders' Association and Magna Entertainment Corp., at whose tracks the races would be run. The plan, however, may face a challenge from the Florida Horsemen's Benevolent and Protective Association.

Hurdles Remain for California Account Wagering

The clock ticks for the arrival of account wagering in California, and it may keep ticking well into the new year. The earliest the state's racing fans can expect to be able to open accounts and begin telephone or Internet wagering is mid-February 2002, but depending on how well the regulatory review process goes, wagering might not occur until some time in May.

Adena Springs November Sale: SaleTrends Down

Adena Springs November Sale: SaleTrends Down

The annual sale of broodmares from Frank Stronach's Adena Springs Farm was held at Fasig-Tipton Kentucky Thursday night, with the top price of $225,000 paid by J. S. McDonald for Twist a Lime, a 9-year-old Copelan mare in foal to Touch Gold.

Magna Improves Historically Slow Third Quarter

Magna Entertainment showed some improvement during the third quarter ending Sept. 30, historically the company's weakest period of the year. Revenue for the Ontario-based racing conglomerate increased 31.1% for the quarter and 24.9% for the first nine months of the year.

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