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Retired Hall of Fame jockey Chris McCarron announced that he would resign from his position with Magna Entertainment this spring and move to Kentucky, where he intends to open a jockey school.
Friday, January 21, 2005Magna Entertainment Corp. has threatened to discontinue operations at Portland Meadows in Oregon unless it receives concessions from the state legislature.
Friday, January 21, 2005Portland Meadows has announced cuts in the 2005 stakes schedule totaling $51,500.
Saturday, January 15, 2005Art McFadden, President of MEC Oregon Racing will resign his post on Friday, it was announced Dec. 30.
Thursday, December 30, 2004Becky Witzman, assistant trainer for Richard Mandella for the past 6 ½ years, has joined HorseRacingTV as an analyst.
Friday, December 24, 2004Magna Entertainment Corp. won't renew its lease of Multnomah Greyhound Park in Oregon when it expires Dec. 31, the company said in a Dec. 23 press release.
Thursday, December 23, 2004Youbet.com and AmericaTab, two online wagering companies, will again be able to offer races from all Magna Entertainment Corp.-owned racetracks under agreements announced Dec. 23.
Thursday, December 23, 2004Four 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.
Wednesday, December 22, 2004North America's two biggest racetrack companies have joined forces to offer their products as a package to several European countries.
Wednesday, December 22, 2004The TV Games Network and HorseRacing TV have announced new carriage agreements that will expand their reach.
Thursday, December 16, 2004Michigan Racing Commissioner Robert Geake said he would leave his post when his term expires at the end of December, and that he hopes to make the long-awaited decision on granting a suburban Detroit racetrack license before he goes.
Tuesday, December 14, 2004The president of Magna Entertainment Corp. said Dec. 10 the company would like to be part of a new organization -- Friends of New York Racing -- which hopes to reconstruct the economic model for racing in the state and perhaps seek the franchise to operate Aqueduct, Belmont Park, and Saratoga.
Monday, December 13, 2004Magna Entertainment Corp. president Jim McAlpine said the company is ready for change and part of that change includes forming more partnerships with other industry players to propel horseracing into the winner's circle.
Friday, December 10, 2004Magna Entertainment Corp. will receive funding for the reconstruction of Gulfstream Park and The Meadows from its parent company, MI Developments.
Thursday, December 09, 2004With membership contracts set to expire at the end of 2005, the National Thoroughbred Racing Association is formulating a long-range strategy that is expected to rely on dues in some form. Meanwhile, the search for a chief executive officer won't begin until the master plan is in place.
Sunday, December 05, 2004MI Developments, the real estate spin-off of Magna International, reported a third-quarter profit of $11.5 million, but a $27.4-million loss at Magna Entertainment Corp. created a bottom-line deficit of $15.9 million. MEC is controlled by MID.
Thursday, November 11, 2004Magna Entertainment Corp. chief executive officer Jim McAlpine Nov. 3 acknowledged the company's substantial third-quarter loss and said it would re-examine its strategy and direction moving forward.
Wednesday, November 03, 2004Michigan voters effectively sounded the death knell for racinos in the state when they passed the anti-gambling Proposal 1 by a 58%-42% margin with 98% of precincts reporting.
Wednesday, November 03, 2004Magna Entertainment Corp. announced on Wednesday that Ron Charles, former chairman of the Thoroughbred Owners of California, has been selected to assume the executive directorship of MEC California effective Nov. 1.
Thursday, October 28, 2004Tim Capps, executive vice president of the Maryland Jockey Club, will end his second stint at the Maryland tracks Oct. 31.
Sunday, October 24, 2004XpressBet received a license from the Washington Horse Racing Commission to become the second authorized advance deposit wagering provider in the state Oct. 14.
Friday, October 15, 2004Magna Entertainment Corp. has expressed it intentions to bid on the lease of Cal Expo in Sacramento, Calif., and take over the 10-month-long Standardbred meet.
Friday, September 24, 2004MI 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.
Thursday, September 16, 2004Castigating the management of Laurel Park and Pimlico Race Course for everything from construction delays to security cutbacks to apathetic customer service, the Maryland Racing Commission delivered a stern message Sept. 14 to the Maryland Jockey Club and its parent company, Magna Entertainment Corp.
Wednesday, September 15, 2004Magna Entertainment Corp. and Pepsi-Cola North America have
signed a multi-year sponsorship agreement to exclusively serve Pepsi-Cola products at 13 MEC racetracks in North America.
Pimlico Race Course will remain open for live racing until at least Nov. 2 while work continues on the racing surfaces at Laurel Park.
Tuesday, September 14, 2004Michael Gilligan has been hired as the new vice president of marketing and sales for Santa Anita Park, parent company Magna Entertainment Corp. announced Sept. 7.
Wednesday, September 08, 2004M. Douglas Young has been appointed lead director of MI Developments' board of directors, the company announced Sept. 2. MID is a Magna company that is seeking to purchase the stock of Magna Entertainment Corp.
Friday, September 03, 2004Pimlico Race Course in Maryland ended its 16-day summer meet Aug. 27 with a 10% decrease in average daily total handle. The 2004 meet was six days shorter than the corresponding 2003 meet, though it included four more simulcast-only days.
Tuesday, August 31, 2004Magna Entertainment Corp. has sold Great Lakes Downs in a lease-back deal that will allow it to operate a live Thoroughbred meet at the western Michigan facility and pursue plans for Michigan Downs, a proposed racetrack in the Detroit metropolitan area.
Thursday, August 26, 2004The Pennsylvania Horse Racing Commission has finalized at five the number of applicants seeking the final Thoroughbred racing license in the state. Only four applicants hit an informal Aug. 16 deadline to apply for the last license, but Magna Entertainment Corp. has reiterated its interest in building a track near Pittsburgh International Airport.
Wednesday, August 25, 2004In a move that could have significant implications for the slate of Triple Crown prep races, Gulfstream Park may revamp its schedule of 3-year-old stakes and delay by three weeks the 2005 Florida Derby (gr. I).
Thursday, August 19, 2004The nation's top three horse racing companies have teamed to study the current jockey scale of weights and make recommendations on potential national reforms to the Jockeys' Guild, horsemen's groups, racing associations and racing regulators.
Friday, August 13, 2004Thistledown, the Magna Entertainment Corp.-owned racetrack that has battled for years over simulcasts with a neighboring harness track, received approval Aug. 10 from the Ohio State Racing Commission to import races it hasn't been able to take because of state law.
Wednesday, August 11, 2004Michigan Racing Commissioner Robert Geake said Aug. 9 he would authorize the transfer of the license for Great Lakes Downs near Muskegon from MI Racing Inc., a fully owned subsidiary of Magna Entertainment Corp., to Richmond Racing.
Monday, August 09, 2004Magna Entertainment Corp. recorded a net loss of $25.4 million in the second quarter of 2004, but officials said the company continues to "see meaningful results" from cost-cutting initiatives and the work of its Continuous Improvement Team.
Thursday, August 05, 2004Magna Entertainment Corp. is still willing to partner with the New York Racing Association, but it is also pursuing its own move into the New York marketplace in case NYRA isn't serious about a merger, MEC president Jim McAlpine said.
Wednesday, August 04, 2004By Ray Paulick -- This is supposed to be the time of year when the racing world starts talking Saratoga and Del Mar, and the search begins for the hot 2-year-olds who look like they could be Triple Crown prospects 10 months from now.
Tuesday, July 20, 2004Hope that passage of slot machine legislation in Pennsylvania would result in a new Thoroughbred racetrack near Pittsburgh seems futile. Negotiators with knowledge of the bill signed into law July 5 by Gov. Ed Rendell said a stand-alone slots parlor in downtown Pittsburgh is much more likely.
Monday, July 12, 2004Jim Gagliano, who joined Magna Entertainment Corp. more than two years ago, has been appointed executive vice president of Maryland racing operations for MEC, majority owner of Laurel Park and Pimlico Race Course under the Maryland Jockey Club banner.
Thursday, July 01, 2004Groups for and against the proposed transfer of Michigan's Great Lakes Downs racing license had their say at a state racing commission hearing in Lansing July 29. And what they said was nothing more than expected.
Wednesday, June 30, 2004The rebuilding of Gulfstream Park continued June 29 when workers took down the roof above the Hallandale, Fla., racetrack's grandstand.
Tuesday, June 29, 2004The proposed transfer of the racetrack license held by Great Lakes Downs to Richmond Racing is scheduled to be June 29 by the Office of Michigan Racing Commissioner.
Tuesday, June 29, 2004The Maryland Racing Commission June 8 narrowly gave the go-ahead to Magna Entertainment Corp., parent company of the Maryland Jockey Club, to begin rebuilding the turf and dirt tracks at Laurel Park despite strong objections by horsemen.
Wednesday, June 09, 2004The court-appointed monitor that oversees New York Racing Association operations has moved into NYRA racetracks and conducted briefing sessions with everyone from board members to hot walkers.
Monday, June 07, 2004The New York state Senate June 3 gave quick approval to a plan to overhaul the regulation of racing in the state, including a provision designed to get video lottery terminals installed this year at Aqueduct.
Thursday, June 03, 2004A California developer revealed plans Thursday to build residential and retail centers at Magna Entertainment Corp.'s two California tracks, Santa Anita Park and Golden Gate Fields.
Friday, May 21, 2004Doug Donn, who since 1969 served in a variety of capacities at Gulfstream Park, ended his 35-year affiliation with the track by tendering his resignation as chairman of the board of the Gulfstream Park Racing Association.
Tuesday, May 18, 2004Employees at Magna Entertainment Corp.'s Standardbred track Flamboro Downs have set a strike deadline of midnight Tuesday in response to what it called MEC's "attempt to intimidate workers into dropping key demands" during collective bargaining negotiations.
Tuesday, May 18, 2004Maryland racing officials and politicians really didn't make any excuses during the May 13 Alibi Breakfast at Pimlico Race Course. Instead, they called on the racing industry to do everything it can to facilitate a turn of fortunes for horse racing in the state.
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