Headlines for Tuesday, December 3, 2002

  • Magna Gains $75 million through Notes Sell-Off

    Magna Entertainment Corp. earned net proceeds of $72.75 million through its sale of Convertible Subordinated Notes, which will now used to pay for capital expenditures and other general corporate purposes.

  • Increased US Handle Fuels Gains at Woodbine

    A 20 % increase in wagering in the United States on Woodbine's live Thoroughbred racing helped propel the Toronto track to an overall gain of 5.5 % for the 166-day meeting which ended Dec. 1, according to a release from Woodbine.

  • Autotote Adds Independent Monitoring System

    Autotote, which recently had a former employee plead guilty to fraud, will immediately begin installation of a new tracking device that can independently monitor wagering transactions and detect possible fraudulent activity.

  • McPeek Confident in Take Charge Lady

    With only one-week rest, Take Charge Lady is ready to anchor Team Kentucky in the inaugural Great State Challenge on Dec. 7 at Sam Houston Race Park.

  • Ray Paulick<br>Editor-in-Chief

    Rudy's Duty

    <i>By Ray Paulick </i> -- Hiring New York's former mayor is not just about getting good publicity for the racing industry. Also, remembering Laddie Dance, the auctioneer.

  • Following the Storm

    <i>By Dean Arnold </i>--A stalwart racing fan recounts his chance sighting of Storm Flag Flying, one of racing's newest starlets.

  • Ban on Internet Gambling Priority in Congress

    High-ranking members of Congress plan to make an outright ban on all Internet wagering a top priority next year because of its vulnerability to money laundering.

  • Al Ghazi to Fleming Thoroughbred Farm in Arizona

    Four-year-old Al Ghazi, a son of Storm Cat and a $1.35 million Keeneland September yearling, will enter stud at Marvin Fleming's Fleming Thoroughbred Farm near Cashion, Ariz.