Keyword: Frank Stronach

  • MEC Buys Am Tote

    Magna Entertainment Corp. completed a $17.4 million acquisition of AmTote International on Thursday, adding a major provider of totalizator services to its portfolio of horse racing entities.

  • City Staff Urges Approval of Dixon Downs Plan

    Six years after Magna Entertainment Corp. first pitched its idea, Dixon, Calif., city staff officially recommended the approval of Dixon Downs, a $250 million state-of-the-art racetrack and training center proposed for the rural town 20 miles west of Sacramento.

  • Robert L. Evans, Churchill Downs president and CEO, said Magna and his company can enhance the racing experience in New York.

    Churchill Downs, Magna Join Forces in Bid for New York Racing Franchise

    Churchill Downs Incorporated and Magna Entertainment Corp., the two largest track-operating companies in the U.S., announced Friday that they have entered into an agreement to cooperate in the bidding process for the New York racetrack franchise, which is currently held by the New York Racing Association and will expire Dec. 31, 2007.

  • Stronach Touches on New York, Partnership With CDI

    Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large.

  • Magna, Florida Horsemen OK Slot Revenue Split

    After months of wrangling, Magna Entertainment Corporation and the Florida horseman agreed Friday evening to the percentage of slots revenue that will increase horseracing purses at Gulfstream Park.

  • Ray Paulick<br>Editor-in-Chief

    Hall Monitor

    <i>By Ray Paulick</i> -- For the second consecutive year, no contemporary horses were elected to the National Museum of Racing's Hall of Fame. That is astonishing, considering some of the champions named on the ballot.

  • MEC Director Says Company 'Hit Bottom in 2005'

    With a first-quarter earnings report that shows net income of $2.2 million versus a net loss of $4.1 million for the same period a year earlier, Magna Entertainment Corp. is rebounding from what company officials called a very tough year in 2005, officials said.

  • Magna VP: Gulfstream a 'Renaissance of the Horse Industry'

    Donald M. Amos, Magna Entertainment Corp.'s executive vice president and chief operating officer, told members of the Kentucky Thoroughbred Farm Manager's Club April 4 that horseracing was in need of a renaissance, and that newly renovated Gulfstream Park represented MEC's vision for that rebirth.

  • Stronach Seeking New Chief Executive, Partnerships, Debt Reduction

    Frank Stronach, chairman of Magna Entertainment Corp., attempted to allay investor fears Thursday on the heels of yet another shakeup in the company's leadership. Stronach said he will serve as MEC's chief executive officer until a replacement can be found for outgoing president and CEO Tom Hodgson, whose departure was announced March 14.

  • OBS, Jai Alai Group Have Out-of-Court Settlement

    The principals on both sides of a civil lawsuit involving Ocala Breeders' Sale Co. have agreed to settle the dispute out of court, just days before the four-year-old case was set to go to trial.

  • Keeneland Sale Exceeds 2005 Gross on Day 3

    Northern Mischief topped the Wednesday session of the Keeneland January horses of all ages sale when Frank Stronach went to $340,000 to purchase the 4-year-old mare, helping the sale company surpass last year's total gross on day three of the seven-day sale.

  • I'm the Tiger Earns Stripes in De Francis Dash

    Frank Stronach's homebred I'm the Tiger pounced on the lead for jockey Jerry Bailey and left his 13 foes well behind in the stretch en route to a surprisingly easy victory in the $300,000 Frank J. DeFrancis Memorial Dash (gr. I) at Laurel Park Saturday.

  • Katrina Evacuees Moved to 'Magnaville'

    Magna Entertainment Corp. chairman Frank Stronach provided shelter at the Palm Meadows Training Center for 212 Gulf Coast evacuees on Sept. 4, six days after Hurricane Katrina devastated the region. Friday he made good on his promise to provide shelter a lot closer to their homes.

  • MEC Has Partner for Gulfstream Park 'Village'

    Magna Entertainment Corp. and Forest City Enterprises have entered into a partnership on the proposed Village at Gulfstream Park, a retail, entertainment, and residential development that will dovetail with racing and gaming operations at the Hallandale Beach, Fla., racetrack.

  • Vella on His Own with Knights Templar

    Four years ago, when he was the farm trainer for Frank Stronach at Adena Springs South near Ocala, Fla., Danny Vella had the satisfaction of seeing former pupils Perfect Sting and Macho Uno win Breeders' Cup races. At this year's Breeders' Cup World Thoroughbred Championships, Vella is seeking an even bigger thrill--training a winner of his own.

  • Magna's McAlpine Retires

    Former Magna Entertainment Corp. chief executive officer Jim McAlpine has retired from the company.

  • Dixon Releases Track's Environmental Draft

    Five years after Frank Stronach first pitched his dream of Dixon Downs, Magna Entertainment's model racing and entertainment complex in Northern California reached a significant milestone Sept. 23 with the release of the draft environmental impact report.

  • NTRA Approaches Critical Point on Memberships

    With 2006 a little more than three months away, the National Thoroughbred Racing Association continues to push for membership renewals and seek new members in advance of its annual meeting, scheduled for Oct. 10-12 in Lexington.

  • Grand Reward Heads Kentucky Cup Classic

    A field of 10 horses has been drawn for Saturday's Kentucky Cup Classic at Turfway Park. Won last year by Roses in May, this year's event features grade II winner Grand Reward as the 122-pound highweight--and a new Polytrack surface.

  • Ghostzapper to Begin Stallion Career at $200,000

    Ghostzapper, last year's Horse of the Year after winning the Breeders' Cup Classic – Powered by Dodge (gr. I) in track-record time, will begin his stallion career for a fee of $200,000 at Frank Stronach's Adena Springs Farm near Midway, Ky.

  • TOBA Honors Stronach and the Melnyks

    Frank Stronach of Adena Springs and Eugene and Laura Melnyk were the big winners during the Thoroughbred Owners and Breeders Association's national awards dinner Friday night at the Kentucky Horse Park near Lexington.

  • Adena Springs, University of Guelph to Create Equine Veterinary Facility

    Adena Springs and the University of Guelph in Ontario, Canada have entered into discussions to build an equine veterinary clinic at Adena Springs North near Aurora. The clinic will be designed to provide equine healthcare and advanced diagnostic performance services to Canada's equine industry.

  • A one-third interest in Ghostzapper, shown winning Monday&#39;s Met Mile, has been purchased by Jess Jackson.

    Winery Founder Jackson Buys Interest in Ghostzapper

    Jess Jackson, who, along with his family, founded the famous Kendall-Jackson winery, said shortly after the May 30 Metropolitan Handicap that he has purchased one-third interest in 2004 Horse of the Year Ghostzapper, who romped by 6 1/4 lengths in the Met Mile in his 2005 debut.

  • Ray Paulick&lt;br&gt;Editor-in-Chief

    Where Are They Now?

    <i>By Ray Paulick</i> - Conglomerate ownership was designed to bring economies of scale to the racetrack segment of the industry. Statistical evidence, along with unconfirmed reports that Hollywood Park may be sold to developers, suggests it hasn't worked very well in Southern California.

  • Canadian Broodmare of the Year Primarily Dead

    Primarily, the 2000 Canadian Broodmare of the Year, died March 30 in a field from injuries sustained in a fall at Frank Stronach's Adena Springs near Versailles, Ky.

  • MEC Could Benefit From Agreement Termination

    A 1999 "forbearance agreement" that prevents Magna International from investing in operations such as Magna Entertainment Corp. won't be renewed next year, Magna chairman Frank Stronach told the Toronto <i>Globe and Mail</i> newspaper.

  • MEC Hires Former Massachusetts Governor

    Paul Cellucci, who formerly served as governor of Massachusetts and United States ambassador to Canada, is the new executive vice president of corporate development for Magna Entertainment Corp. beginning May 1.