Amtote International

News, Articles, Videos and other content about Amtote International

MID May Dispose of MEC Tracks by 2011

MID May Dispose of MEC Tracks by 2011

The parent company of Magna Entertainment Corp. disclosed March 10 it does not intend to keep on a long-term basis the racing assets upon which it is bidding in MEC's Chapter 11 bankruptcy reorganization, including its "immediate" intention of redeveloping Golden Gate Fields into a commercial property if the bid is successful.

Magna Exercises AmTote Purchase Options

  • News

Magna Entertainment Corp. announced July 26 that it has exercised its first purchase option to acquire an additional 30% equity interest in AmTote International, Inc. and has sent written notice of its intention to exercise its second purchase option to acquire the remaining 40% equity interest in the wagering technology company.

DeFrancis Named CEO of New Magna Company

Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

Tote Companies Discuss Delays in Getting Final Odds

Delays in the length of time it takes to get final odds posted on a race in progress -- a vexing technological problem in the simulcasting age of racing -- can be improved, but aren't going away any time soon, a panel of tote company representatives told the International Simulcasting Conference on Sept. 30.

Most Popular Stories