Keyword: debt

  • Racing was canceled once again at Santa Anita Park Jan. 6.

    MEC Might Sell Santa Anita Interest

    The head of Magna Entertainment Corp. said Aug. 6 a majority interest of Santa Anita Park could be sold to help the racetrack company reduce its staggering debt load.

  • MEC's Parent Company May Step in Again

    The parent company of Magna Entertainment Corp. says the racing and gaming company needs to sell off assets as quickly as possible to drive down debt, and may not be able to repay loans that are set to expire in May.

  • 'Groundhog Day:' MEC Losses Mount

    With one analyst tagging the proceedings "Groundhog Day," Magna Entertainment Corp. announced Feb. 29 more losses during a short, testy conference call that discussed year-end financials for 2007.

  • NASDAQ: MEC Not in Compliance

    Share of Magna Entertainment Corp. have traded under $1 for more than 30 straight days, prompting NASDAQ to notify the racing and gaming company it was out of compliance with marketplace rules and faces delisting.