De Francis

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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.

Raffetto Named President of Maryland Jockey Club

Lou Raffetto Jr. was named president and chief operating officer of the Maryland Jockey Club, with Chris Dragone replacing him at the organization that operates Pimlico and Laurel as vice president and general manager.

MJC Announces Executive Officer Changes

  • News

Joseph A. De Francis announced Feb. 9 that he is stepping aside as president of the Maryland Jockey Club but will continue as the organization's chief executive officer. Louis J. Raffetto, the MJC's chief operating officer, takes over as president while Chris Dragone becomes senior vice president and general manager.

Report: De Francis Takes on More Duties for MEC

  • News

Maryland Jockey Club president Joe De Francis will now oversee customer relations and HorseRacing TV for Magna Entertainment Corp., parent company of Laurel Park and Pimlico Race Course.

MJC Denies Racism Charge in Heated Commission Meeting

In an explosive meeting marked by a commissioner's expletive-filled response to charges of discrimination, the Maryland Racing Commission voted Oct. 14 to review the Maryland Jockey Club's documentation for evicting trainers and closing the Pimlico stable for the winter.

Wet and Damp Weather For Preakness Stakes

Among those holding a radio, wearing jeans, and helping direct traffic on Preakness morning was Joe De Francis, the president of the Maryland Jockey Club, which operates the track that today will play host to the middle leg of the Triple Crown.

Strong Preakness Drove Up MJC Net Income

  • News

The Maryland Jockey Club reported a combined net income of $1,492,000 for Pimlico Race Course and Laurel Park for 2001, according to audited financial statements filed Friday with the state racing commission.

Maryland Handle Edges Upward 1 Percent in 2001

  • News

The Maryland Jockey Club reported that pari-mutuel handle from all sources totaled $535,813,090 in 2001, compared to $530,833,234 in 2000, despite the fact that there were three less live Thoroughbred days and 14 fewer Standardbred days run during the year. The increase in total handle was just 1 percent.

Maryland Profits Down in 2000

In financial statements delivered this week to the Maryland Racing
Commission, the owners of Pimlico and Laurel Park reported a profit of
$670,955 in 2000. That is down significantly from 1999, when the companies showed a profit of $2,458,723.

Raffetto Takes Key Role at Maryland Jockey Club

The Maryland Jockey Club announced Friday a reorganization of its executive board, including the hiring of Louis J. Raffetto, who will become the MJC's chief operating officer effective Jan. 1, 2001. The MJC also announced new titles and responsibilities for three current members of its board.

Report Critical of NTRA Called 'Minority Viewpoint'

Breeders' Cup president D.G. Van Clief Jr. on Friday issued a statement from four members of an NTRA Independent Advisory Committee in opposition to that committee's draft memorandum made public one week earlier, saying the conclusions represented a "minority viewpoint."

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