The New Jersey Sports and Exposition Authority will formally begin the process of selling or leasing Monmouth Park and Meadowlands in June, a move that could put more than $250 million in the financially strapped state agency's coffers, according to published reports.
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.
Magna Entertainment Corp. reported a $6-million decrease in net income for the first quarter of 2003 compared with the same period in 2002, according to a financial statement released April 30.
Gulfstream Park established a Florida record for pari-mutuel handle for a single race meet with $825.3 million wagered during its 89-day season in 2003, but attendance was down.
- By Jack Shinar
Hall of Fame jockey Chris McCarron was named general manager of Santa Anita Park, parent company Magna Entertainment Corp. announced Wednesday.
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.
- By Jack Shinar
Northern California's Alameda County Fair wants to install a $3 million turf course at its Pleasanton racing facility later this year. But the fair's chief executive officer wants to see it used for more than an annual 11-day summer meet.
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.
With one winner Friday and four on Saturday, the new Palm Meadows training center in Boynton Beach is off to a fast start at producing winners at Gulfstream Park.
Magna Entertainment Corp. officially announced the appointment of Lone Star Park president Corey Johnsen to the position of group vice president for Texas, Oklahoma and Florida.
Churchill Downs Inc. recently tried to buy Maryland's major thoroughbred tracks but failed because Joe De Francis, president and CEO of the Maryland Jockey Club, insisted on retaining management control, The Baltimore Sun reported Friday.
Racing and breeding news and information.
Magna Entertainment Corp. will break ground Oct. 30 on Palm Meadows, a major training facility to be located in west of Boynton Beach, Fla., about 47 miles from the company's Gulfstream Park.
More than 500 people turned out for a community meeting in Dixon, Calif., to hear Magna officials discuss their proposal for a state-of-the-art racetrack and training facility with a major-league price tag. Though they would not disclose a budget, Magna officials earlier had estimated its cost for the project at up to $150 million.
In a meeting Saturday on the backstretch with a group of about 50 horsemen, Gulfstream president Scott Savin detailed Magna Entertainment Corporation's plan to create a rivalry between its flagship tracks, Gulfstream Park and Santa Anita, by running a daylong series of races on each coast that would pit Florida and California horses against each other. Magna would foot the bill for 36 Gulfstream horses, each accompanied by a groom, to fly to Santa Anita for six starter allowance races, each with a purse as high as $80,000, on Feb. 25. Approximately two weeks later, the process would be reversed and Gulfstream would host California runners.
From the West Coast to the East Coast, Frank Stronach is looking to increase his Magna Entertainment holdings.
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