Magna Entertainment Corp. announced Nov. 26 an agreement with MI Developments, the company's controlling shareholder, which will allow it to "recapitalize and reposition MEC to enable it to pursue its strategy of horse racing, gaming, and entertainment on a standalone basis."
The Maryland Department of Agriculture reported Nov. 17 that no horses in Laurel Park's Barn 1, where a filly who tested positive for neurologic equine herpesvirus was stabled, are showing signs of the virus.
Fasig-Tipton's renovation and expansion of its Humphrey S. Finney Pavilion in Upstate New York will cost several million dollars, according to a Nov. 14 report in the Albany Business Review. In plans filed with the city of Saratoga Springs, the auction company's officials said they would use bluestone, slate, brick, and historic wood fencing to create a more upscale facility.
Despite the earlier announcement that Magna Entertainment Corp. had a quarterly loss of $48.4 million and is seeking to sell core assets, including one or more of its top racetracks, management of the company that holds 60% equity interest in MEC continues to be optimistic of a turnaround.
Maryland voters approved legalizing slot machines Tuesday in a constitutional amendment, paving the way for up to 15,000 machines in five locations and ending years of debate between lawmakers who never managed to pass the measure on their own.
Fasig-Tipton has cataloged 389 entries for its Midlantic December mixed sale in Timonium, Md. Previously scheduled for two days, the sale now will be conducted in a single session on Monday, Dec. 8.
Fasig-Tipton will conduct 14 Thoroughbred sales in 2009 in five states: Kentucky, New York, Florida, Maryland, and Texas. There will be 25 days of auctions in all. The schedule begins with the Kentucky winter mixed sale in Lexington Feb. 8-9.
The sale pavilion where Fasig-Tipton's Midlantic division conducts its auctions will undergo "positive cosmetic changes" during a renovation that will begin following the winter mixed sale in December, according to Fasig-Tipton's director of marketing,
The Maryland Jockey Club said it is "aggressively supporting" a campaign to win approval via a Nov. 4 statewide referendum for slot machines at five locations in the state.
Charles Town Races & Slots is the newest member of the Thoroughbred Racing Associations, the racetrack trade group announced Oct. 7.
Continuing the trend with the season's previous yearling sales, the 2008 Fasig-Tipton Midlantic Eastern Fall yearling sale ended its three-day run at the Maryland State Fairgrounds in Timonium, Md., Oct. 1 with downturns across the board and an increase in the buy-back rate.
The opening session of the 2008 Fasig-Tipton Eastern Fall yearling sale, Sept. 29 at the Maryland State Fairgrounds in Timonium, Md., took hits in key statistical areas, with gross and average falling, but the median remained steady.
If two words could sum up the thoughts of the consignors and sale company officials on the eve of the 2008 Fasig-Tipton Midlantic Eastern Fall yearling sale, those words could be 'cautiously optimistic.' The sale kicks off its three-day run Sept. 29 at the Maryland State Fairgrounds in Timonium, Md., with sessions beginning at 10 a.m.
Fasig-Tipton's Midlantic division will not include a February mixed sale at Timonium in Maryland in its 2009 auction schedule. The auctions that will remain on the calendar for Timonium are the sale of 2-year-olds in training in May, a fall yearling sale in late September/early October, and a mixed sale in December.
Rush Bay, a two-time graded stakes winner will enter stud in 2009 at Murmur Farm near Darlington, Md.
Bill Donovan, whose popular "Backtracks" column appeared in The Blood-Horse, will be memorialized at Laurel Park Sat., Sept. 6 at noon.
The fall stakes schedule for Laurel Park was approved Aug. 19 at the monthly Maryland Racing Commission meeting.
Major stakes will be scrapped and the Pimlico Race Course barn area closed until next year's spring meet under changes announced Aug. 6.
Penn National Gaming Inc. said July 7 it has secured an exclusive 18-month option to purchase about 36 acres in Cecil County, Md., for the purpose of constructing a slot-machine casino.
Maryland-bred Declan's Moon, the 2004 Eclipse Award-winning champion juvenile colt and early favorite for the Kentucky Derby (gr. I) before an injury, has been retired from racing.
Hampered by a double-digit handle decline on its biggest race card, the May 17 Preakness Stakes (gr. I), Pimlico Race Course realized a 16.5% drop in all-sources wagering for its 31-day meet that closed June 7.
Clem Florio, a retired Maryland Turf writer and handicapper, died of pancreatic cancer May 25 in Hollywood, Fla.
A Magna Entertainment Corp. executive said the company has no plans to sell either of its Maryland racetracks but indicated the results of a statewide November referendum on slot machines could play a role in any decision.
The Fasig-Tipton Midlantic preferred sale of 2-year-olds in training finished Tuesday with downturns of 6.6% in the number of horses sold and 19.2% in gross revenue from 2007.
The Fasig-Tipton Midlantic preferred sale of 2-year-olds in training suffered downturns in the number of horses sold, gross revenue, average price, and median price during Monday's opening session at Timonium in Maryland. The most expensive horse sold was a $230,000 E Dubai colt.
Jockeys honored the memory of Eight Belles by wearing stickers on their boots or mud pants May 16 and 17 at Pimlico, which was hosting the 133rd running of the Preakness Stakes (gr. I) and a variety of other graded races.
Pays to Dream continued a big weekend for New York-bred horses in Maryland May 17 when he rallied from well off the pace and blew away the competition in the grade II Dixie Stakes on the turf at Pimlico Race Course.
About 25 supporters of People for the Ethical Treatment of Animals staged a quiet demonstration outside the gates of Pimlico Race Course May 17, but horseracing enthusiasts -- and fans of the Preakness experience -- weren't as reserved.
The statistics for the Fasig-Tipton Midlantic preferred sale of 2-year-olds in training have been impressive in recent years.
Churchill Downs Inc. said May 15 it reached an agreement with Maryland horsemen that will permit Calder Race Course to take Pimlico Race Course's signal May 16-17, including the Preakness Stakes (gr. I).
A Repent colt was the fastest worker at an eighth of a mile May 15 during the second session of the under tack show for the Fasig-Tipton Midlantic preferred sale of 2-year-olds in training at Timonium in Maryland.
Plans to announce a stallion deal for Preakness Stakes (gr. I) favorite Big Brown on May 15 fell through, but discussions will continue after the second leg of the Triple Crown is run May 17.
The Maryland racing industry is throwing its support behind a campaign for slot machines, but it remains to be seen whether any racetracks would get the gambling devices should the public approve a statewide ballot measure in November.
Change may be in the wind yet again regarding upper-level Maryland Jockey Club management, but as of May 15, officials with MJC owner Magna Entertainment Corp. said there's nothing to announce.
An official of the Maryland Thoroughbred Horsemen's Association said on May 14 that his organization will issue a proposal that would enable Calder Race Course to carry the simulcast signal of the May 17 Preakness Stakes (gr. I) -- with a condition.
A Roaring Fever filly and a Medaglia d'Oro colt turned in the fastest works at an eighth of a mile May 14 at Timonium in Maryland during the first session of the under tack show for the Fasig-Tipton Midlantic May sale of 2-year-olds in training.
Derby winner Big Brown is one of 13 3-year-olds entered for Saturday's Preakness Stakes (gr. I). Post positions will be drawn later this afternoon.
Kentucky Bear might have been shut out of the Kentucky Derby Presented by Yum! Brands (gr. I) by a lack of graded-stakes earnings, but the colt is now pointed toward the Preakness Stakes (gr. I) May 17 at Pimlico Race Course.
Ahmed Zayat sent two runners to the Derby who wound up chasing Big Brown home. For the Preakness, Zayat Stables' will send out Riley Tucker, a son of Harlan's Holiday who has earned a shot.
Nine older horses, including 5-2 morning-line favorite A.P. Arrow, have been entered for the $250,000 Pimlico Special (gr. I) May 16 at Pimlico Race Course. The 1 3/16-mile Special is contested at the same distance as the Preakness Stakes (gr. I), which will be held the following day.
Trainer Paulo Lobo reported May 12 that a start in the Preakness Stakes (gr. I) May 17 at Pimlico Race Course by Cubanacan Stables' Gayego is under consideration.
Calder Race Course and all other Florida tracks are facing the prospect of not receiving the signal for the May 17 Preakness Stakes (gr. I) and its Pimlico Race Course undercard.
IEAH Stable and Paul Pompa Jr.'s Big Brown, a dominant winner of the Kentucky Derby Presented by Yum! Brands (gr. I), had another easy morning May 12 at Churchill Downs as his bid for the Preakness Stakes (gr. I), the second jewel of racing's Triple Crown, draws closer.
The Pimlico Special (gr. I), a historically-significant race for older horses, returns after a year off. The 1 3/16-mile race, sponsored by the Maryland Lottery, will be run the day before the Preakness (gr. I) at "Old Hilltop."
Ryan Fogelsonger will attempt to add to his more than 1,800 career victories when he begins riding at Presque Isle Downs in Pennsylvania May 9, when the 100-day meet gets under way.
Former trainer Michael Dickinson has put his 196-acre Tapeta Farm near North East, Md. on the market for an undisclosed price.
Fasig-Tipton has cataloged 650 horses for its Midlantlic preferred sale of 2-year-olds in training, which will be held May 19 and 20 at Timonium in Maryland.
Thoroughbred owner and breeder James M. Moran Jr. died April 9 following a short illness.
Boyd Browning said the sale of Fasig-Tipton will provide more resources for the auction company, which hopes to promote the business and recruit new owners.
The Horse Racing Radio Network has reached an agreement with Pimlico Race Course and the Maryland Jockey Club to become the exclusive national radio network for the 2008 Preakness Stakes (gr. I).
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