Keyword: Bear Stearns

  • Magna Stock Hits 52-Week High

    Magna Entertainment stock hit a new 52-week high of $10.25 Friday morning. The Canadian racing conglomerate stock price has been on a steady march upward since mid-January when it was trading for around $7 per share. Churchill Downs and Penn National keep trading at a premium on the heels of a Bear Stearns report on account wagering.

  • Account Wager is Racing's Best Hope, Says Report

    Account wagering offers Thoroughbred racing its best opportunity yet for real industrywide growth, according to a new report from Bear, Stearns, & Co. The 128-page report analyzes the regulatory and technological environment governing account wagering, and offers suggestions about what changes must occur for account wagering to expand.

  • Bear Stearns is Bullish on Racing

    New technology is giving the horse racing industry its greatest potential to convert millions of new fans and substantially increase profits, according to a recently released analysis by the Bear Stearns investment bank.