Magna Entertainment Corp

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Report: Monmouth, Meadowlands May Be Sold, Leased

The New Jersey Sports and Exposition Authority will formally begin the process of selling or leasing Monmouth Park and Meadowlands in June, a move that could put more than $250 million in the financially strapped state agency's coffers, according to published reports.

Magna to Introduce Patron-Friendly Betting Machines

Magna Entertainment Corp. has plans for new pari-mutuel wagering machines designed to make betting easier for first-timers, officials said May 1 during a press conference after the company's annual meeting.

Magna Income Decreases in First Quarter of 2003

Magna Entertainment Corp. reported a $6-million decrease in net income for the first quarter of 2003 compared with the same period in 2002, according to a financial statement released April 30.

Magna Unveils Revisions for $250-Million Dixon Downs

Magna Entertainment Corp.'s plans for Dixon Downs, the company's ideal "racetrack of the future," are finally headed to the starting gate. On March 3, MEC submitted its detailed proposal for the $250-million project to the city of Dixon, located 19 miles west of Sacramento, Calif.

Could Pleasanton Replace Bay Meadows?

Northern California's Alameda County Fair wants to install a $3 million turf course at its Pleasanton racing facility later this year. But the fair's chief executive officer wants to see it used for more than an annual 11-day summer meet.

Sunshine Millions Draw 145 Pre-Entries

  • News

Seventy-nine stakes winners, including 56 horses who have won graded events, are among the 145 runners pre-entered Thursday in the inaugural $3.6 million Sunshine Millions at Santa Anita Park and Gulfstream Park on Jan. 25.

Magna Corp. Promotes Johnsen, Greco

  • News

Magna Entertainment Corp. officially announced the appointment of Lone Star Park president Corey Johnsen to the position of group vice president for Texas, Oklahoma and Florida.

Magna Unveils Plans for Dixon Downs

More than 500 people turned out for a community meeting in Dixon, Calif., to hear Magna officials discuss their proposal for a state-of-the-art racetrack and training facility with a major-league price tag. Though they would not disclose a budget, Magna officials earlier had estimated its cost for the project at up to $150 million.

Magna Planning East Coast-West Coast Track Competition

In a meeting Saturday on the backstretch with a group of about 50 horsemen, Gulfstream president Scott Savin detailed Magna Entertainment Corporation's plan to create a rivalry between its flagship tracks, Gulfstream Park and Santa Anita, by running a daylong series of races on each coast that would pit Florida and California horses against each other. Magna would foot the bill for 36 Gulfstream horses, each accompanied by a groom, to fly to Santa Anita for six starter allowance races, each with a purse as high as $80,000, on Feb. 25. Approximately two weeks later, the process would be reversed and Gulfstream would host California runners.

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