The Stronach Group has officially acquired the racing and gaming assets of MI Developments, a company once headed by Frank Stronach.
Del Mar will continue the so-called "Players Pick 5" bet instituted by Hollywood Park this spring and will add a few new twists to its wagering menu for the meet that begins July 20.
Joe Morris is leaving the NTRA a second time to become MI Developments' vice president of operations and sales.
Santa Anita's dirt racetrack will be undergoing renovation in the coming months to bring it back to the combination of sand, silt, and clay initially approved when the new dirt surface was installed late last year.
The connections of Preakness Stakes (gr. I) hopeful Dialed In aren't the only ones eligible for bonuses via the Maryland Jockey Club pending results of races May 20-21 at Pimlico Race Course.
Global Gaming LSP said May 16 it has finalization acquisition of Lone Star Park from MI Developments, ending a long delay in the company's purchase of the Texas racetrack.
The president of the Maryland Jockey Club said Preakness Stakes weekend is the most important component of the organization's bottom line.
Shareholders of MI Developments voted March 29 to end the company's "dual class share" structure and turn its racing-related holdings over to chairman Frank Stronach.
Gulfstream Park is reporting its third straight annual handle growth as it heads into the final month of its racing season. New exotic wagers and good weath contribute to the strength.
The Maryland Jockey Club has filed reports with the Maryland Racing Commission showing that Pimlico Race Course, home of the Preakness Stakes (gr. I), incurred rare losses in 2008 and 2009.
The Oak Tree Racing Association and MI Developments have reached an agreement that will allow Santa Anita Park to run the traditional fall stakes program in Southern California in 2011.
- By Tom LaMarra
MI Developments reported its racing and gaming business lost $76.68 million in 2010, with a loss of $47.29 million for the fourth quarter of last year, the company reported March 10.
The Florida legislature began its annual session March 8, with a bill that would authorize up to five Las Vegas-style casino hotels topping its list of issues that would impact the state's Thoroughbred industry.
Breeders' Cup president and chief executive officer Greg Avioli has resigned to take a new position with a racing and gaming company, Breeders' Cup announced March 4.
Analysis: Gulfstream/Calder resolution opens door for more questions regarding the future of racing in South Florida.
A meeting in Louisville Feb. 25 between MI Developments chairman Frank Stronach and Churchill Downs Inc. chief operating officer Bill Carstanjen ended without resolving a racing dates dispute between Gulfstream and Calder.
Gulfstream Park went on the offensive in its dispute with Calder Casino & Race Course Feb. 24 when it said it plans to race year-round during the 12 months beginning July 1.
Gulfstream Park on Feb. 23 said it plans to add approximately 200 temporary stalls in its stable area for trainers who send horses from Calder Casino & Race Course to run in Gulfstream races.
Gulfstream Park and Calder Casino & Race Course could be headed for a resolution to their dispute over southeast Florida's December 2011 racing dates.
MI Developments chairman Frank Stronach has offered to meet with Maryland horsemen in the wake of a Maryland Racing Commission meeting at which MID and partner Penn National Gaming Inc. were criticized.
A majority of shareholders in MI Developments have agreed to support the transfer of the company's racetracks to Frank Stronach in exchange for the company chairman to relinquish his voting control over MID.
Odds-on Alec's Moon made easy work of the $82,700 Portland Meadows Oaks after steadying early, cruising to a 6 1/2-length victory with leading jockey Joe Crispin aboard for trainer Jerry Hollendorfer Jan. 29 in Oregon.
The $80,000 Portland Meadows Oaks, part of the Black-Eyed Susan 2.2 program for 3-year-old fillies, is the featured event for a special Saturday program Jan. 29 at the Oregon racetrack.
Calder Casino & Race Course has gone on the offensive in southeast Florida's battle over racing dates by telling state regulators it intends to start racing year-round.
Gulfstream Park would be willing to consider a partial change in southeast Florida's racing calendar, a top official of Gulfstream's parent MI Developments.
The biggest issue at Calder Casino & Race Course Jan. 4, closing day of its 2010-11 meet, was a fast-brewing and potentially bitter dispute with Gulfstream Park over southeast Florida's attractive December racing dates.
Gulfstream Park will open its 2011 racing meet Jan. 5 with a new Sunday date for the Florida Derby (gr. I), other changes in its stakes schedule, and new multi-race bets highlighted by a 10-cent only Pick 6.
Gulfstream Park is considering a 3 p.m. first post time for the last six Fridays of its 2011 racing season, according to the track's president and general manager.
A horsemen's representative acknowledged Dec. 21 there's still a little more than a week to get a racing schedule in place in Maryland for 2011, but he said chances are slim if the situation isn't resolved before Christmas.
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.
The co-owner of Maryland's race tracks is trying to secure a deal that would provide 140 days of live racing in 2011.
Gulfstream Park on Dec. 16 announced its 2011 wagering menu that will include its first Pick 5, with a 50-cent minimum bet, and a major reduction of its Pick 6 minimum bet from $2 to 10 cents.
The owners of Laurel Park and Pimlico intend to submit a plan to the Maryland Racing Commission to conduct 77 days of live racing during the first half of the 2011 season.
The head of the company that co-owns Pimlico Race Course and Laurel Park said Dec. 2 that he will try to break the impasse threatening the future of the Preakness Stakes (gr. I) when he travels to Maryland next week.
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.
Racing in Maryland for 2011 is in limbo after the Maryland Racing Commission Nov. 29 rejected a plan submitted by the Maryland Jockey Club and also rejected owner MI Developments' plan to sell 49% of the tracks to PNGI.
With a Dec. 1 deadline on racing dates looming, Maryland horsemen are advocating a schedule similar to that of 2010 even though a shutdown of Laurel Park for live racing and training is on the table.
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.
MI Developments received two waivers from the California Horse Racing Board Nov. 9 allowing it to move forward with the operation of Santa Anita Park and Golden Gate Fields and complete its new dirt track at Santa Anita.
Halsey Minor has made an offer to buy all MI Developments assets for $300 million to $320 million.
The auction formerly was conducted at Calder Casino & Race Course.
MI Developments has appointed Timothy Ritvo, a veteran trainer in Florida and several Northeast states, to the new position of vice president of racing for the East coast.
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.
- By Tom LaMarra
Dennis Robinson, president and chief executive officer of the New Jersey Sports and Exposition Authority, was elected to the NTRA board of directors as the Eastern region racetrack representative.
The California Horse Racing Board deferred action Sept. 23 on its race dates calendar for 2011 as well as a waiver of state regulations requested by MI Developments to allow it to operate more than one pari-mutuel entity.
Santa Anita applied for the traditional Oak Tree Racing Association dates for 2011 during a Sept. 22 California Horse Racing Board race dates committee meeting.
Gulfstream Park could have some important political support in its goal to change a state law that prohibits Thoroughbred racing after 7 p.m. if there are benefits for other pari-mutuel sports.
MI Developments announced Sept. 7 the Black-Eyed Susan 2.2, a bonus program similar to its Preakness 5.5 bonus unveiled in last August.
Most Popular Stories
- Is PA Derby Best Spot for 'Chrome'?
- Keeneland September Sale Sees More Gains
- California Chrome Draws Rail in PA Derby
- No Dice for Massachusetts Racing, Breeding
- California Chrome Arrives at Parx Racing
- What's Going On Here: Solid at the Core
- Suffolk Downs Loses Casino Bid on 3-1 Vote
- Injury Forces Sea The Moon's Retirement
- Is California Chrome Vulnerable in PA Derby?
- 'Gold Hopes to Keep Churchill Record Intact