Portland Meadows has expanded its Dec. 19 program and will offer two guaranteed pick four wagers each worth $15,000.
- By Tom LaMarra
Jockeys' Guild officials suggested the inability of the industry to thus far sufficiently support the Permanently Disabled Jockeys Fund could turn into a public relations nightmare for horse racing.
Maryland's Thoroughbred industry is likely to be downsized considerably beginning in 2008 unless racetracks are allowed more gambling options such as slot machines, a racetrack executive said Nov. 14.
Laura D'Angelo, a leading equine attorney and partner at the Kentucky law firm of Wyatt, Tarrant & Combs, LLP, will be teaching Equine Law in the 2007Spring semester at the University of Kentucky College of law. The two credit course, offered to upper-class law students, is the only one of its kind at UK.
Palm Meadows opened the gates to its fifth season Wednesday in Florida.
HorseRacing, a subsidiary of Magna Entertainment Corp. announced Tuesday, Oct. 31, that it has entered into an agreement with Insight Communications for carriage of HRTV on Insight systems beginning in time for the Breeders' Cup World Championships this Saturday.
Dixon Downs, Magna Entertainment Corp.'s "dream track" for Northern California, got a giant step closer to reality the evening of Oct. 23. But a local group that opposes the project is pushing for a referendum on the project in 2007.
Gulfstream Park said Oct. 13 it has received a gaming license from the state of Florida.
Don Amos, chief operating officer of Magna Entertainment Corp., has retired, the company announced Oct. 12. MEC also announced that it has appointed Jim Bromby and Brant Latta senior vice-presidents of operation.
Magna Entertainment Corp., announced Oct. 12 that Golden Gate Fields will install the Tapeta Footings, a synthetic racing surface on its main racetrack.
Magna Entertainment Corp. and Caruso Affiliated announced Sept. 28 they have completed operating agreements for the proposed development of approximately 51 acres of undeveloped lands surrounding Santa Anita Park.
Bally Technologies has signed a contract with Magna Entertainment Corp. to provide a complete slot-machine accounting, casino management, and bonusing solution, and a wide variety of gaming devices, at Gulfstream Park.
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.
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.
A group comprised of representatives from eight North American horse racing organizations announced the release of Wagering Transmission Protocol ("WTP") Version 1.0. The group also is inviting commentary from interested parties that would improve and enhance the protocol.
Magna Entertainment Corp. has announced that Gino Roncelli has stepped down as director of the organization.
Magna Entertainment Corp. said it intends to proceed with the development of a slot-machine facility at Gulfstream Park despite a decision by the Florida District Court of Appeal First District.
- By Tom LaMarra
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 Entertainment Corp. reported a slightly smaller net loss for the second quarter of 2006 compared with the same period last year, but indicated a working-capital deficiency of almost $140 million remains a problem.
Ted Mudge, formerly the co-owner and president of AmTote International Inc., has been named president of the account wagering service BrisBet.com.
Magna Entertainment Corp. has amended its project financing deal with MID Islandi to add bonds of up to $27.75 million to fund design and construction of a slot-machine facility at Gulfstream Park in South Florida.
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.
Paul Cellucci has resigned as Magna Entertainment Corporation's executive vice president of corporate development, the company announced June 30.
- By Jack Shinar
Santa Anita Park plans to interrupt its training schedule in mid-July to peel back and inspect the base of the main track, said Ron Charles, president of the Arcadia, Calif., facility.
Magna Entertainment Corp. has received conditional approval from the Pennsylvania State Harness Racing Commission to sell The Meadows, a western Pennsylvania harness track, for $225 million.
- By Tom LaMarra
The launch of the Permanently Disabled Jockeys Fund is a clear sign the relationship between jockeys and other industry groups is improving, but they remain at odds over a proposal by some members of Congress to amend the Interstate Horseracing Act to provide insurance for jockeys and others who make their living at the racetrack.
Paul Micucci, vice president of the gaming division of Magna Entertainment Corp., has been named president and general manager of Gulfstream Park. He replaces Scott Savin, who had held those positions at Gulfstream since 2000.
Broward County commissioners approved a plan May 9 that's expected to lead to the construction of residential, retail, and office space on Gulfstream Park property.
- By Tom LaMarra
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.
Unable to strike a deal with the Florida Horsemen's Benevolent and Protective Association on revenue from slot machines, Magna Entertainment Corp. said April 28 it plans to proceed with arbitration under Florida statute to reach an agreement.
Churchill Downs Inc., Magna Entertainment Corp., and Racing UK announced April 7 that the three organizations have reached agreement to partner in a subscription television channel that will broadcast races from CDI and MEC racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.
- By Pete Spanos
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.
- By Pete Spanos
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.
Magna Entertainment Corp. reported Feb. 27 a total net loss of $39.7 million for the three-month period ending Dec. 31, and year-end losses of more than $105 million.
Former Pennsylvania racing executive Drew Shubeck has been named vice president and general manager of Lone Star Park, which is owned by Magna Entertainment Corp. Shubeck replaces Jeff Greco.
- By Tom Precious
Magna Entertainment would be interested in partnering with Churchill Downs for New York's potentially lucrative Thoroughbred racetrack franchise, but wants nothing to do with the New York Racing Association, Magna Chairman Frank Stronach said Jan. 24.
Magna Entertainment Corp. has received local approval to develop a commercial district at Laurel Park in Maryland.
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.
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.
- By Scott Davis
As the rebuilt Gulfstream Park races toward its opening day of Jan. 4, 2006, the track's top official said some temporary facilities would be used to accommodate patrons early in the meet.
Nominations to the Sunshine Millions, an eight-race series that will be televised nationally Jan. 28, have closed with a total of 333 names submitted.
HorseRacing TV will change its look with the start of the Santa Anita Park meet Dec. 26.
Racetrack officials met with the new leadership of the Jockeys' Guild Dec. 1 to discuss "issues of mutual concern," according to a Guild release.
A dream came true Nov. 21 for Remington Park officials and Oklahoma horsemen. Shortly before 1 p.m., the track opened the doors of its new $35-million slot-machine casino.
Maryland racing commissioner Terry Saxon said Nov. 8 he would make a proposal for the commission to decide Maryland's racing dates, stabling, and expense-sharing issues at the panel's Dec. 13 meeting if a unified plan hasn't been developed by then.
- By Tom LaMarra
On the same day it reported a third-quarter loss of $34.5 million, Magna Entertainment Corp. announced it entered into a deal to sell its Pennsylvania operation--The Meadows harness track and a ring of off-track betting parlors in the western part of the state--to Millennium Gaming and Oaktree Capital Management for $225 million.
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.
- By Tom LaMarra
Members of the U.S. House of Representatives are calling on the National Labor Relations Board and the National Institute of Occupational Safety and Health to take action to protect jockeys, exercise riders, and others who work with racehorses.
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.
Former Magna Entertainment Corp. chief executive officer Jim McAlpine has retired from the company.
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