+10000000)+'&millis='+new Date().getTime()+'&zid=472&keywords=magna-entertainment&referrer='+encodeURIComponent(document.location)+')
Purses will go up in Nothern California beginning with the California State Fair meet Aug. 21, and the Bay Meadows meet Aug. 30.
Thursday, August 15, 2002Citing 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.
Thursday, August 15, 2002Stymied 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.
Tuesday, August 06, 2002Magna Entertainment took another major hit in the stock market Monday when its stock dropped 14% to $3.45.
Monday, August 05, 2002In 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.
Monday, August 05, 2002Magna Entertainment's stock plunged Friday on the heels of a second quarter earnings report that failed to meet analysts' projections. The stock fell 20.6%, a loss of $1.04, on heavy trading to $4.01.
Friday, August 02, 2002Magna Entertainment's buying spree is over for the time being. The Ontario-based racing conglomerate has shifted its focus toward making the 10 racetracks it owns and manages more efficient and profitable.
Friday, August 02, 2002The future of Michigan's Thoroughbred industry may lie squarely in the hands of three departing Republican politicians who are working against a year-end deadline to decide the fate of a legislative package that could reinvigorate racing in the state.
Friday, August 02, 2002Magna Entertainment reported mixed results for its second quarter on Wednesday and announced it had delayed a major renovation of Gulfstream Park.
Wednesday, July 31, 2002The percentage of California handle attributed to advance deposit wagering (ADW) is slowly growing, with 5.7% of in-state handle now traced to bets made through one of three account wagering providers.
Friday, July 26, 2002Early 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.
Wednesday, July 24, 2002Magna Entertainment has plans to transform Maryland's premier Thoroughbred racetracks into "destination entertainment centers," and apparently expand off-track wagering in the state. At this time, though, officials are reluctant to discuss details.
Tuesday, July 16, 2002Magna 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.
Monday, July 15, 2002Recent approval from the Massachusetts State Racing Commission of the TVG network and Magna Entertainment's XpressBet system means bettors there soon will be able to sign up for account wagering with either provider.
Friday, July 12, 2002Bowing to pressure from a torrent of racing industry insiders, the California Horse Racing Board turned thumbs down June 26 on the Los Angeles County Fair's plan to move its 17-day 2002 meet to Santa Anita Park.
Wednesday, June 26, 2002A Maryland Jockey Club attorney told Maryland legislators June 25 that no deal has been made to sell Laurel Park and Pimlico Race Course to Magna Entertainment, and that any deal would have to clear major regulatory hurdles.
Wednesday, June 26, 2002International investment bank Dresdner Kleinwort Wasserstein initiated coverage of Magna Entertainment last week and promptly told investors to sell.
Monday, June 24, 2002A decision on the Los Angeles County Fair's plan to move its September race meet from Fairplex Park to Santa Anita Park is expected when the California Horse Racing Board meets June 26 at 10 a.m. at the Los Angeles Crowne Plaza Hotel.
Friday, June 14, 2002XpressBet Betty, the English-only voice recognition system, is the latest innovation in home account-wagering technology from Magna Entertainment Corp. It allows phone bettors to place wagers by simply speaking, and works without need of a live operator.
Thursday, June 06, 2002Magna Entertainment Corp. announced Tuesday an agreement to buy Flamboro Downs Holdings for $47 million, which will give the Ontario-based racetrack conglomerate its first racetrack in Canada.
Wednesday, June 05, 2002Former AmTote president Ted Mudge began working at Magna Entertainment this week.
Friday, May 31, 2002The Del Mar Thoroughbred Club has formally opposed the proposed transfer of this year's Fairplex Park meet to Santa Anita Park. The Del Mar board of directors met during a special session May 29 and voted unanimously to oppose the plan.
Wednesday, May 29, 2002Magna Entertainment Corporation is proposing a major integrated commercial and entertainment complex to be built adjacent to Golden Gate Fields, its Albany, Calif., racing and simulcast operation.
Tuesday, May 28, 2002Michigan's racing commissioner said her office continues to field inquiries from companies interested in operating a Thoroughbred track in the Detroit metropolitan area, something horsemen believe is a key to any future growth for the sport.
Tuesday, May 28, 2002The proposed transfer of Los Angeles County Fair racing dates from Fairplex to Santa Anita Park has drawn immediate opposition from another tenant of Santa Anita, the Oak Tree Racing Association, as well as others.
Monday, May 27, 2002Fairplex Park and the Los Angeles Turf Club have reached an agreement to move the county fair's annual 17-day end-of-summer meet to Santa Anita Park beginning this September, and have requested a change of venue from the California Horse Racing Board to be heard at its June 6 meeting.
Friday, May 24, 2002Fairplex Park and the Los Angeles Turf Club have reached an agreement to move the county fair's annual 17-day end-of- summer meeting to Santa Anita Park beginning this September and have requested a change of venue from the California Horse Racing Board to be heard at its June 6 meeting.
Friday, May 24, 2002Biovail 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.
Thursday, May 23, 2002The recent sale of 10 residential lots has lead to further speculation that Magna Entertainment may indeed build a Thoroughbred racetrack in Marion County, Fla.
Thursday, May 23, 2002Magna Entertainment could complete a deal to buy Pimlico Race Course and Laurel Park within the next several weeks, according to a report by the Washington Times.
Friday, May 17, 2002A deal to extend the New York Racing Association's franchise to run three tracks in the state was approved May 16 by the Senate and Assembly as part of a state budget package. NYRA must have VLTs in operation at Aqueduct by April 1, 2003.
Wednesday, May 15, 2002Good weather and lower takeout were credited with producing double digit increases in average attendance and significant gains in average on-track handle at Aqueduct.
Monday, May 13, 2002Magna Entertainment, the publicly-held racetrack and off-track betting company, reported that revenues increased to $248.8 million during the first quarter of fiscal 2002, compared with $244.5 million for the same period one year ago.
Monday, May 06, 2002Magna Entertainment plans to a launch this summer a 24-hour horse racing network that promises to educate and entertain viewers. The Canadian racing conglomerate also is planning a national off-track betting network.
Thursday, May 02, 2002Good weather and the introduction of account wagering helped Santa Anita Park exceed $1 billion in total handle for the third time in five years.
Monday, April 22, 2002The Oak Tree Racing Association will be the host for the 2003 Breeders' Cup World Thoroughbred Championships at Santa Anita Park.
Friday, April 19, 2002Look 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.
Friday, April 19, 2002California racing officials pondering what to do about a building workers' compensation insurance crisis are closer to submitting legislation that would increase pari-mutuel takeout in the state.
Monday, April 15, 2002Construction on a 3,600-square-foot equine medical facility at Golden Gate Fields can finally begin. The project was approved April 9 by the planning commission in Albany, Calif., where the track is located.
Wednesday, April 10, 2002To end the "destructive competition" and bolster revenues for both entities, the New York City Off-Track Betting Corp. should be merged with the New York Racing Association to create a new industry powerhouse, NYRA chairman Barry Schwartz said.
Monday, April 08, 2002An offering of 20 million shares of Magna Entertainment (Nasdaq:MIEC) was priced at $6.65 Thursday through underwriters Bear Stearns. The update on the offering caused the company's stock to rise as much as 13.4 percent during trading on Friday.
Friday, April 05, 2002A week-old agreement between Gulfstream Park and neighboring Standardbred track Pompano Park to exchange simulcast signals may be imperiled by the opinion of the Florida Division of Pari-Mutuel Wagering that such an agreement violates state law.
Monday, April 01, 2002The possible purchase of Laurel Park and Pimlico Racecourse by Magna Entertainment has drawn opposition from some members of the Maryland Racing Commission, according to a report in Friday's edition of the Washington Post.
Friday, March 29, 2002The California Horse Racing Board heard a positive report on the startup of account wagering. But it was tempered by concern over a leveling off of activity in recent weeks. It was also reported that an agreement still has to be reached for the upcoming Hollywood Park meet.
Thursday, March 28, 2002A founder of Youbet.com who recently rejoined the pari-mutuel wagering network says the company's new management team is focusing on marketing, cooperative efforts with racetracks, and raising capital.
Wednesday, March 27, 2002Ron Luniewski, the co-chief executive officer of Youbet.com, is resigning from the online horse racing wagering company to run Magna Entertainment's new XpressBet interactive wagering business.
Thursday, March 21, 2002The 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.
Monday, March 11, 2002Magna Entertainment announced Friday it plans to proceed with an offering of 20 million shares of Class A stock.
Friday, March 08, 2002The owners of Lone Star Park at Grand Prairie agreed Wednesday to sell the horse track to Magna Entertainment Corp. for about $100 million.
Wednesday, March 06, 2002Gulfstream Park chairman Doug Donn visited Palm Meadows, the training facility being constructed by the track's parent company, Magna Entertainment Corp., on Feb. 22 and said he was pleased with its progress. The site is located 55 miles north of Gulfstream in Boynton Beach, Fla.
Saturday, February 23, 2002+10000000)+'&millis='+new Date().getTime()+'&zid=473&keywords=magna-entertainment&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=476&keywords=magna-entertainment&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=441&keywords=magna-entertainment&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=366&keywords=magna-entertainment&referrer='+encodeURIComponent(document.location)+')
+10000000)+'&millis='+new Date().getTime()+'&zid=466&referrer='+encodeURIComponent(document.location)+')
Copyright © 2013 Blood-Horse Publications. All rights reserved internationally.
+10000000)+'&millis='+new Date().getTime()+'&zid=601&referrer='+encodeURIComponent(document.location)+')