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Magna Entertainment's stock dropped 10% Monday, the first day of trading following a company announcement that fourth quarter losses would be greater than anticipated.
Tuesday, February 13, 2001Love him or hate him, no one can begrudge industry maverick Frank Stronach his outstanding year at the track.
Tuesday, January 30, 2001Ten days after a private meeting with several members of the National Thoroughbred Racing Association board of directors and three days after holding an open forum at Gulfstream Park, Magna Entertainment chairman Frank Stronach announced Wednesday in a joint statement with the NTRA that the Magna racetracks will be rejoining the NTRA with a two-year commitment, effective immediately.
Wednesday, January 17, 2001A joint statement from Magna Entertainment Corp., and the National Thoroughbred Racing Association, announces Magna's decision to rejoin the NTRA with a two-year commitment after the NTRA has committed to changes in how the organization is governed.
Wednesday, January 17, 2001Magna Entertainment Corp. appointed its third president and chief executive officer within a year. The Magna board appointed Jim McAlpine today as the company's president and chief executive officer. McAlpine was executive vice president of non-automotive affairs for Magna International, MEC's parent company and automotible parts manufacturing company founded by MEC chairman Frank Stronach.
Wednesday, January 10, 2001By Ray Paulick -- Frank Stronach hasn't been happy with the status quo -- but neither are some of his critics.
Tuesday, January 09, 2001The officials in the California city said the meeting to discuss Magna Entertainment chairman Frank Stronach's plans for Santa Anita Park went well.
Sunday, January 07, 2001Two Arcadia city council members met with Santa Anita racetrack owner Frank Stronach this past week and shared their concerns about his expansion plans. Although only some specifics about the plan were discussed, Arcadia Mayor Gary Kovacic and Councilman Mickey Segal said the meeting couldn't have gone any better.
Saturday, January 06, 2001Magna chairman Frank Stronach's Jan. 14 open forum to discuss the National Thoroughbred Racing Association's future "should be terminated or at least delayed" if Stronach isn't willing to establish a structure and set an agenda for the session, John Gaines told the Kentucky Thoroughbred Farm Manager's Club Tuesday night in Lexington.
Thursday, January 04, 2001Magna Entertainment (MEC) chairman Frank Stronach said on Wednesday he has no plans to cancel the open forum he has scheduled at Gulfstream Park on Jan. 14, dismissing the suggestion made Tuesday night by breeder John Gaines in a speech at a regularly scheduled meeting of the Kentucky Thoroughbred Farm Managers' Club in Lexington, Ky.
Wednesday, January 03, 2001Breeder John Gaines, who delivered some pointed remarks toward Magna Entertainment chairman Frank Stronach and the National Thoroughbred Racing Association during an awards banquet in Arizona earlier this month, will be the guest speaker on Tuesday, Jan. 2, at the monthly meeting of the Kentucky Thoroughbred Farm Managers' Club.
Friday, December 29, 2000Current regulations in Palm Beach County could threaten Magna Entertainment's plans for a large South Florida training center because of the inclusion of housing for up to 500 grooms, according to a report in the Palm Beach Post.
Tuesday, December 26, 2000Magna Entertainment, the growing racetrack company run by Frank Stronach, has entered into an agreement with Ladbroke Racing and a subsidiary to purchase Ladbroke's Pennsylvania-based account wagering system ("Call-A-Bet"), the Meadows harness track, and four off-track betting facilities, plus an interest in the Racing Network satellite TV channel.
Friday, December 22, 2000Mark Feldman, Magna Entertainment's president and chief executive officer of 4 1/2 months, has resigned. MEC is consolidating its operations in Toronto and Feldman did not want to leave his home in California, the company has announced. Frank Stronach, MEC's founder and chairman, will serve as interim president and CEO.
Tuesday, December 12, 2000John R. Gaines, the man who created the Breeders' Cup and also was behind the start-up of the National Thoroughbred Association, which many believe was the impetus for the formation of the National Thoroughbred Racing Association, delivered some pointed words to Magna Entertainment chairman Frank Stronach and the NTRA while accepting an award from the University of Arizona during its Racetrack Industry Program's Symposium on Racing last Thursday.
Sunday, December 10, 2000With new member John Harris aboard, the California Horse Racing Board raced down to the wire and granted Golden Gate Fields its license approval just in time for the Albany track to open for business on schedule. The CHRB approved Golden Gate's license Tuesday afternoon on the eve of the Bay-side track's fall-winter season, which starts today.
Tuesday, November 14, 2000Stronach Stables' Juvenile Fillies hopeful Top of the League reportedly cracked a cannon bone while galloping Tuesday morning. According to TVG, the Joe Orseno trainee is already en route from Churchill Downs to Rood and Riddle Equine Clinic near Lexington for treatment.
Tuesday, October 31, 2000By Ray Paulick -- As Frank Stronach's wealth and power have grown, so, too, has his ego.
Tuesday, October 31, 2000Two of the big guns from the powerful roster of stars from the stable of Frank Stronach, Golden Missile and Perfect Sting, tuned up for their big events on Breeders' Cup Day with solid works at Churchill Downs Wednesday.
Wednesday, October 25, 2000Stronach Stable and Elfreida Stronach's Collect the Cash tracked 4-5 favorite Gaviola through moderate fractions before taking the lead in mid-stretch to win the Queen Elizabeth II Challenge Cup Stakes (gr. IT) by 3/4 lengths Sunday at Keeneland.
Sunday, October 08, 2000Magna Entertainment Corp. (MEC) announced Friday that Lonny Powell, vice president of racing operations for the company and president and chief executive officer of Santa Anita Race Track, has resigned those positions but will remain with the company as a chief advisor.
Friday, October 06, 2000Friendly Lover will relocate to Adena Springs Kentucky for the 2001 breeding season the farm announced Friday.
Friday, October 06, 2000By Ray Paulick -- Frank Stronach is a very smart businessman -- too smart to drop out of the NTRA.
Tuesday, October 03, 2000Grade I winner Golden Missile will retire to stud at Frank Stronach's Adena Springs following expected starts in the Hawthorne Gold Cup Handicap (gr. III) and the Breeders' Cup Classic (gr. I). Golden Missile (A.P. Indy--Santa Catalina, by Cure the Blues) has won seven of 22 career races and $2,139,510 while racing for Stronach Stable.
Friday, September 29, 2000Architectural firm outlines changes to South Florida racetrack, including addition of another turf course.
Thursday, September 14, 2000Perfect Sting remained perfect on the year as she edged to the lead in the stretch to win the $500,000 Diana Handicap (gr. IIT) by 3/4 lengths Monday at Saratoga.
Monday, September 04, 2000Stronach Stables' turf distaff star Perfect Sting will go to post under highweight of 123 pounds when she returns from a brief layoff in Monday's $500,000 Diana Handicap (gr. IIT).
Saturday, September 02, 2000Both Cat Thief and Golden Missile worked at Saratoga Saturday morning as they prepare for an expected meeting in the $500,000 Kentucky Cup Classic (gr. II) at Turfway Park Sept. 15. Surfside went five furlongs in 1:01 over the same track.
Saturday, September 02, 2000The California Horse Racing Board (CHRB) on Friday approved Magna Entertainment Corporation’s proposed purchase of the Bay Meadows Operating Company.
Friday, August 25, 2000X-ray reveals possible problem; colt to rest in Florida.
Friday, August 25, 2000Stronach Stable's Milwaukee Brew rallied late to win the $300,000 Ohio Derby by a head Saturday at Thistledown.
Monday, July 17, 2000Stronach Stable earned its third grade II win of the day when 12-1 Euchre beat 18-1 Sultry Substitute to the wire in the $150,000 Bel Air Handicap Saturday at Hollywood Park.
Monday, July 17, 2000The price of Magna Entertainment's stock continued its recent spiral.
Friday, June 23, 2000Frank Stronach's company doesn't want Canadian track
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