Magna

News, Articles, Videos and other content about Magna

TrackNet, MidAtlantic Reach Agreement

TrackNet, MidAtlantic Reach Agreement

TrackNet Media Group and the MidAtlantic Cooperative announced Jan. 22 that they have reached an agreement with MidAtlantic members of the simulcast signals of racetracks affiliated with TrackNet

Auction of Santa Anita, Lone Star Withdrawn

Auction of Santa Anita, Lone Star Withdrawn

An auction scheduled Sept. 8 on properties owned by bankrupt Magna Entertainment Corp. will not go forward after the company withdrew Santa Anita Park, Lone Star Park, and other assets from the bidding in court documents filed in U.S. bankruptcy court.

Bankruptcy Judge: MEC Can Sell Austrian Track

  • News

A bankruptcy court has granted permission for Magna International Corp. (MEC) to sell its track in Austria to a group associated with company founder and chairman Frank Stronach, Bloomberg reported July 30.

Thistledown Makes Payment; Will Stay Open

  • News

Thistledown race track in North Randall, Ohio made a required $36,000 payment toward a bond, which allows it to remain open, the Cleveland Plain Dealer reported June 17 on its Web site, cleveland.com.

Gulfstream Donates to Charitable Causes

Earlier this month, Gulfstream Park announced its pledge to donate $10,000 to a pair of National Thoroughbred Racing Association's Charities -- Permanently Disabled Jockeys Fund and the Miami Project to Cure Paralysis.

Florida Bill Would Reduce Slots Tax

The Florida Legislature passed a gaming bill May 8 that includes several changes sought by the state's Thoroughbred industry, and a compromise on the contentious issue of table games at the Seminole Tribe of Florida's casinos.

Frankly Speaking: Stronach on Magna

Frankly Speaking: Stronach on Magna

Frank Stronach is chairman of Magna Entertainment Corp., a major racetrack operator that filed for Chapter 11 bankruptcy protection March 5. He also is the owner of Adena Springs, which won its fifth consecutive Eclipse Award as outstanding breeder in 2008 while Stronach picked up his fourth Eclipse as outstanding owner. Stronach discussed the MEC bankruptcy with The Blood-Horse following the Adena Springs sale of 2-year-olds in training.

Tiznow Colt Tops Barretts Sale

Tiznow Colt Tops Barretts Sale

A son of Horse of the Year Tiznow brought $650,000 to top the Barretts sale March 10 at the Hinds Pavilion in Pomona, Calif. Jess Jackson's Stonestreet Stables purchased the colt on a telephone bid from the Wavertree Stables consignment

Gulfstream Seeking More Dates

Gulfstream Seeking More Dates

In a step some racing industry officials expected, Gulfstream Park has told Florida regulators that it plans to hold races during 2009's last five weeks--a lucrative set of dates on which Calder Race Course has raced exclusively in South Florida for more than a decade.

Magna Official Says He Will Step Down

Following a transition period, MI Developments chief executive officer and board member John Simonetti said he will leave his post, but he offered no timeline Aug. 8 during a conference call on the company's second-quarter earnings.

Frank Stronach Video Interview

Frank Stronach Video Interview

Frank Stronach covers a variety of topics in this exclusive video interview, including a look at the newly relocated Adena Springs Farm.

HRTV Application Still Undecided

  • News

As of Jan. 9, HRTV was still not permitted to show races from Aqueduct. The New York State Racing and Wagering Board continues to assess HRTV's application to show video from Aqueduct.

Santos Explores Options in Retirement

Santos Explores Options in Retirement

After retiring from racing July 30 due to five fractured vertebrae sustained in a February spill at Aqueduct, Hall of Fame jockey Jose Santos is exploring ways to share his expertise with racing fans and companies.

Commentary: A Modest Proposal

Rob Whiteley - The Proposal. Every member of the Thoroughbred family will contribute to industry well-being by immediately investing his or her own money.

'Shops at Santa Anita' OK'd by Arcadia Council

An upscale mall to be constructed in Santa Anita's main parking lot took a step forward April 17 when the Arcadia City Council unanimously approved the project. The meeting lasted six hours before the council adjourned and then returned for another hour later in the day.

Turn Signal

By Ray Paulick -- Twenty years ago, in the infancy of whole-card simulcasting, there were fears that only the so-called "super tracks" would survive -- those offering the highest-quality racing signals to receiving sites around the country.

Not So Special

By Evan Hammonds - During this year's Preakness weekend at Pimlico, the "Magna Entertainment Experience" surrounding the second jewel of the Triple Crown will not be nearly as enriching. On Jan. 25, the Maryland Jockey Club stuck a fork in the Pimlico Special (gr. I) for 2007.

Special Election to Decide Dixon Downs' Fate

The fate of Magna Entertainment Corporation's $250 million state-of-the-art racetrack for Northern California will be decided in a special election April 17 by the city of Dixon, a town of 17,500 residents 19 miles west of Sacramento.

More Hurdles Facing Dixon Downs Plan

It didn't take long for foes of the Dixon Downs racetrack in Northern California to attack plans for the $250 million Magna Entertainment project approved by the Dixon City Council on Oct. 23. Already, a citizen group has turned in petitions seeking a referendum to overturn the action, and on Nov. 21, the nearby city of Davis filed a lawsuit aimed at mitigating the development's impact on the region.

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