Blood-Horse Staff

CHRB Questions Guild Rep on Rider Benefits

Recent reports that jockeys in many states don't have sufficient benefits to cover costs of catastrophic injuries sustained in riding accidents prompted some pointed remarks to a Jockey's Guild representative during the California Horse Racing Board Dec. 2 meeting at Hollywood Park.

Essence Pure Heart in Winning Anne Arundel

Front-running Essence, ridden by a cool John Velazquez, dug in tenaciously to hold off Rare Gift by a neck in the $100,000 Anne Arundel (gr. III) for 3-year-old fillies at Pimlico Saturday. In other $100,000 races on the DeFrancis undercard, the 2-year-old filly Hear Us Roar stayed unbeaten in the Selima Stakes and Irish Colony prevailed in the Charles H. Hadry.

Churchill Downs Inc. Makes Financial Adjustments

Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.

MEC Losses Impact MI Developments

MI 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.

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