Magna Entertainment

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Churchill Downs, Magna Join Forces With Empire Racing

The continuing consolidation of racing interests seeking the franchise currently held by the New York Racing Association took a quantum leap Wednesday when it was announced that Churchill Downs Inc. and Magna Entertainment were joining the Empire Racing team.

16 Potential Bidders Step Up in New York

A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.

Purse Strings

By Ray Paulick - It's time for Magna and Gulfstream executives to refocus their energies on the core business of selling pari-mutuel tickets on horse racing. Based on their seven-year track record, they have not been very successful.

DeFrancis Named CEO of New Magna Company

Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

Dwayne Yuzik Named Portland Meadows GM

  • News

Dwayne Yuzik has assumed the responsibilities of general manager of Oregon's Portland Meadows Racetrack as of Feb. 1, the Magna Entertainment-owned track announced Monday.

Magna, Churchill Partner With British Firm in TV Deal

Magna Entertainment Corp., Churchill Downs Incorporated, and Racing UK, announced that the three organizations have entered into a memorandum of understanding for media rights and to develop a subscription television channel to broadcast races from MEC and CDI racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.

Gulfstream Opener: Patrons Miss the Grandstand

Gulfstream Park opened for its 2006 live race meet Wednesday, its palatial new clubhouse only partially completed and its patron facilities falling short of management's expectations when the project was begun nearly two years ago.

Maryland Horsemen, Breeders Digest Dates Plan

  • News

Maryland Jockey Club president Joe De Francis presented a new proposal to horsemen and breeders the week of Dec. 12 and said he believes the three sides are near a deal for 2006 racing dates. Horsemen and breeders, however, said it's not a done deal.

Dixon Releases Track's Environmental Draft

Five years after Frank Stronach first pitched his dream of Dixon Downs, Magna Entertainment's model racing and entertainment complex in Northern California reached a significant milestone Sept. 23 with the release of the draft environmental impact report.

Magna Reports 2nd Quarter Loss of $26.9M

Feeling the pinch of losing its Bay Meadows lease and the continued drain brought on by the rebuilding Gulfstream Park and Laurel, Magna Entertainment reported $26.9 million in second-quarter losses, the company disclosed Thursday. That translates to a loss of 25 cents a share.

Thistledown Pulls Signal From Northfield Park

The Ohio State Racing Commission unanimously granted the request of Thistledown to withdraw its live signal from Northfield Park, which is a harness track located six miles from the Magna Entertainment-owned Thistledown.

Where Are They Now?

By Ray Paulick - Conglomerate ownership was designed to bring economies of scale to the racetrack segment of the industry. Statistical evidence, along with unconfirmed reports that Hollywood Park may be sold to developers, suggests it hasn't worked very well in Southern California.

Smaller Version of Gulfstream Seen for Dixon

At the final session in a series of city-sponsored public workshops March 19, Magna Entertainment presented its updated proposal for Dixon Downs, the $250 million state-of-the-art racetrack and entertainment complex the company wants to build in Dixon, Calif., 20 miles west of Sacramento.

Gulfstream Park to Test for 'Milkshakes'

Following in the footsteps of sister track Santa Anita Park, Gulfstream Park announced that it expects to implement testing horses for "milkshaking," the force feeding of an alkalizing solution that typically contains bicarbonate, some time during its 2005 meet.

Pimlico to Simulcast Group Race from Uruguay

Two group 1 fixtures from Uruguay's MaroƱas National Racetrack will be simulcast into North America Jan. 6 with Pimlico Race Course serving as the North American wagering hub for the stakes. The highlight of the South American stakes is the group 1 Gran Premio Jose Pedro Ramirez, a 1 1/2-mile race that traditionally attracts some of the best horses from Argentina, Brazil, Chile and Uruguay.

Fogelsonger Off Monday Mounts

Ryan Fogelsonger was off his mounts on today's nine-race card at Pimlico Race Course one day after being involved in a spill. The 23-year-old rider was injured when his mount, Summer Rainbow, was galloping out after her third place finish in Sunday's seventh race and tossed the rider who landed on his head.

Dixon Downs On Track, Official Tells Planners

Four years after it was first proposed, Magna Entertainment's $250 million dream track for Northern California is finally nearing the public hearing stage. A series of meetings on various aspects of the development will be held in 2005, Dixon city officials said at a planning commission meeting Dec. 21.

Horsemen's Group Critical of Delays With Laurel Project

As tensions escalated between leaders of the Maryland Thoroughbred Horsemen's Association and the chairman of the Maryland Racing Commission, executives of the Maryland Jockey Club said Tuesday that the rebuilding of the Laurel Park dirt track was nearly complete.

MI Developments Won't Buy Out Magna

MI Developments, which owns 59% of the equity in Magna Entertainment Corp., announced Thursday that it will not proceed with plans to take the racetrack conglomerate private by acquiring all outstanding shares.

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