The Reuters News Service is reporting that owner-breeder Frank Stronach is working out a deal in which he would relinquish control of his real estate company in exchange for some of its racetrack assets.
Maryland racing may seem like a comedy of errors, but it's no laughing matter. Read Blog
With Maryland racing in limbo for 2011, trainers based in the state could soon be faced with a simple but important question to answer: Where will they race their horses?
Penn National Gaming Inc. said Nov. 30 its joint venture with MI Developments in Maryland will continue, and that it planned to work on an "expedited basis" to devise a 2011 live racing schedule in the state.
- By Tom LaMarra
Thoroughbred racing in Maryland for 2011 is in limbo after the Maryland Racing Commission rejected the Maryland Jockey Club's plan for 47 racing dates.
Prominent Thoroughbred breeder-owner Frank Stronach has taken over as chief executive officer of MI Developments, the racetrack operating company of which he is already chairman.
The Maryland Jockey Club will map out a plan for the future over the next several weeks and the closure of Laurel Park for live racing and training remains a real possibility, officials said Nov. 3.
Voters in Anne Arundel County, Md., approved a ballot measure that grants zoning for a slot machine casino at the Arundel Mills Mall.
A plan to put slot machines at Arundel Mills Mall instead of Laurel Park is the driving force of a Nov. 2 referendum in Anne Arundel County, Md.
An entity controlled by the family of Frank Stronach has offered to purchase any or all of the outstanding stock it doesn't already own in racetrack operating company MI Developments.
A judge with the United States District Court in Maryland has denied Thoroughbred interests' partial motion to dismiss an anti-trust lawsuit filed by a harness track that has suspended operations.
The Maryland Court of Appeals will hear an appeal by a citizens' group seeking to get a referendum involving slot machines in Anne Arundel County on the November ballot.
Penn National Gaming Inc. said July 1 it has closed on two key deals: the purchase of Beulah Park in Ohio, and its investment in a joint venture with MI Developments in the Maryland Jockey Club.
The Maryland Jockey Club and Maryland Thoroughbred Horsemen's Association have agreed to an 11-day live summer meet at Laurel Park.
A citizens' group will meet the evening of June 29 to discuss a court ruling that rejected a referendum on slot machines in Anne Arundel County, Md.
The Maryland Jockey Club concluded its spring meeting at Pimlico Race Course the weekend of May 22-23, posting average wagering figures which were 8.7% lower than comparable dates from 2009.
Can a company once mired in debt and known for its revolving door in the executive suite since it was created in 1999 provide substantive change in the troubled Maryland racing market? Read Blog
Attendance was up but total handle was down for this year's Preakness Stakes (gr. I) program at Pimlico Race Course May 15.
Pimlico Race Course reported solid business figures for its May 14 program, which featured the grade II Black-Eyed Susan Stakes and promotions tied to the Susan G. Komen for the Cure program.
The Maryland Jockey Club, now operated by MI Developments, will be jointly operated by Penn National Gaming Inc. upon closure of the deal, the two entities announced May 7.
The Get Your Preak On media campaign developed for the Preakness Stakes has prompted debate in Maryland since its launch more than eight weeks ago.
The bankruptcy reorganization plan for Magna Entertainment that includes the transfer of Santa Anita, Gulfstream, and Golden Gate to MID Developments has been implemented, effective at 5:01 p.m. (EDT) April 30.
- By Tom LaMarra
A Delaware Bankruptcy Court judge April 26 confirmed a reorganization plan submitted by Magna Entertainment Corp., parent company MI Developments, and a committee of unsecured MEC creditors.
The Maryland Jockey Club and Corrigan Sports Enterprises announced April 20 the creation of the Preakness 5k to benefit the Maryland affiliate of Susan G. Komen for the Cure.
Before the first race of Pimlico's annual spring meeting the Maryland racing community said goodbye to one of its most legendary figures, former track general manager Chick Lang, who passed away March 18 at the age of 83.
A United States Bankuputcy Court judge in Maryland has tossed out a plan by Cloverleaf Enterprises Inc. to sell Rosecroft Raceway without having to make good on several claims.
The Arundel County Board of Elections certified April 1 a petition by residents of the Maryland county to have a November referendum on slot machines.
The former owners of Laurel Park and Pimlico have reached a settlement with Magna Entertainment over the DeFrancis family's rights to future slots profits at the Maryland tracks.
Former assistant racing director at Pimlico Race Course was an industry legend for promoting and transforming the Preakness Stakes.
The on-again-off-again Pimlico Special (gr. I) is off again for this year, according to a stakes schedule released by the Maryland Jockey Club March 16.
The Maryland Jockey Club lifted a temporary ban on Penn National horses after a horse suspected of having equine herpesvirus tested negative for the disease.
The Maryland Jockey Club, as well as community groups, March 5 submitted 16,702 additional signatures to the Anne Arundel County Board of Elections in a push to have citizens of the county vote on a zoning permit for slots.
As Laurel Park digs out from a pair of massive snow storms, the Maryland Jockey Club will run four stakes races Presidents Day, including the General George and Barbara Fritchie Handicaps (both gr. II).
Barbara Fritchie (gr. II) and John B. Campbell Handicaps moved to Feb. 15.
Maryland Jockey Club's properties now set to be sold Feb. 23
With another 10 to 20 inches of snow expected in the Baltimore and Washington D.C. areas by the evening of Feb. 9, the Maryland Jockey Club has cancelled live racing at Laurel Park for Feb. 10 and 11.
A coalition of Maryland petitioners have submitted 23,702 signatures to the Anne Arundel Board of Elections Feb. 4 in support of a referendum to allow citizens to vote on whether to permit the casino at Arundel Mills Mall.
Former president of the Maryland Jockey Club heads group that seeks to purchase the MJC from a bankrupt Magna Entertainment Corp.
Founder of EQB is also the founder and CEO of Blow Horn Equity, a bidder for the Maryland Jockey Club that is currently owned by the bankrupt Magna Entertainment Corp.
The Cordish Co. plans to build a 4,750-machine slots parlor the Arundel Mills Mall near Laurel Park in Maryland. The company has also submitted a bid for the Maryland Jockey Club tracks.
The Anne Arundel County Council Dec. 21 approved a zoning measure that will facilitate slot machines at the Arundel Mills Mall, but also OK'd a measure that allows slots at Laurel Park.
A new entity called Blow Horn Equity has submitted a bid for the Maryland Jockey Club assets, the company announced Dec. 18.
The Maryland Jockey Club said Dec. 17 it has appealed to the Maryland State Board of Contract Appeals over its disqualification from the bidding process for a license to operate slot machines at Laurel Park.
Though a state commission ruled its application for a gaming license incomplete, Laurel Park will continue its push for slot machines Dec. 17 by discussing its "advanced status" to construct a slots facility.
The Maryland Jockey Club received approval Nov. 10 from the Maryland Racing Commission to race 58 days at Laurel in the winter/spring of 2010.
Three of the nation's elite sprinters and the top two local speedsters are among the 37 pre-entries for the 19th running of the $300,000 Frank J. De Francis Memorial Dash (gr. I) at Laurel Park Oct. 24.
The Maryland Jockey Club unveiled the 2010 Preakness logo Sept. 17. The middle leg of the Triple Crown, a $1 million race at 1 3/16 mile, will be run May 15 at Pimilco.
The Maryland Jockey Club and Maryland Thoroughbred Horsemen's Association have agreed to the live racing dates and stakes schedule for the balance of 2009, including the return of the Grade I Frank J. De Francis Dash after a one-year hiatus.
A 16.4% increase in average daily handle from out-of-state wagering outlets fueled an 8.9% jump in average daily handle from all sources during the spring meet at Pimlico Race Course.
Wagering was up on several segments of the Preakness day card, according to data released May 18 by Maryland Jockey Club officials, fueled in part by the showdown between Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird and Kentucky Oaks (gr. I) victress Rachel Alexandra.
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