Keyword: Magna Entertainment

  • Churchill Downs, Magna Join Forces With Empire Racing

    The continuing consolidation of racing interests seeking the franchise currently held by the New York Racing Association took a quantum leap Wednesday when it was announced that Churchill Downs Inc. and Magna Entertainment were joining the Empire Racing team.

  • 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.

  • 16 Potential Bidders Step Up in New York

    A who's who of racing industry heavyweights formally notified New York state June 30 of their interest in obtaining the franchise now held by the New York Racing Association to operate Aqueduct, Belmont, and Saratoga racetracks.

  • Ray Paulick<br>Editor-in-Chief

    Purse Strings

    <i>By Ray Paulick</i> - It's time for Magna and Gulfstream executives to refocus their energies on the core business of selling pari-mutuel tickets on horse racing. Based on their seven-year track record, they have not been very successful.

  • DeFrancis Named CEO of New Magna Company

    Magna Entertainment announced Monday that Joe DeFrancis, chief executive officer of the Maryland Jockey Club, has been appointed CEO of PariMax, a new company to oversee the development of Magna's "various electronic distribution platforms."

  • Dwayne Yuzik Named Portland Meadows GM

    Dwayne Yuzik has assumed the responsibilities of general manager of Oregon's Portland Meadows Racetrack as of Feb. 1, the Magna Entertainment-owned track announced Monday.

  • Magna, Churchill Partner With British Firm in TV Deal

    Magna Entertainment Corp., Churchill Downs Incorporated, and Racing UK, announced that the three organizations have entered into a memorandum of understanding for media rights and to develop a subscription television channel to broadcast races from MEC and CDI racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.

  • Horses parade around the walking ring at Gulfstream Park Wednesday.

    Gulfstream Opener: Patrons Miss the Grandstand

    Gulfstream Park opened for its 2006 live race meet Wednesday, its palatial new clubhouse only partially completed and its patron facilities falling short of management's expectations when the project was begun nearly two years ago.

  • Youbet, Magna Ink One-Year Wagering Deal

    Youbet.com, Inc. announced Monday that its advanced deposit wagering Web site has gained the right to simulcast all of Magna Entertainment Corporation's live horse racing content during the 2006 season.

  • Maryland Horsemen, Breeders Digest Dates Plan

    Maryland Jockey Club president Joe De Francis presented a new proposal to horsemen and breeders the week of Dec. 12 and said he believes the three sides are near a deal for 2006 racing dates. Horsemen and breeders, however, said it's not a done deal.

  • 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.

  • Magna Reports 2nd Quarter Loss of $26.9M

    Feeling the pinch of losing its Bay Meadows lease and the continued drain brought on by the rebuilding Gulfstream Park and Laurel, Magna Entertainment reported $26.9 million in second-quarter losses, the company disclosed Thursday. That translates to a loss of 25 cents a share.

  • Thistledown Pulls Signal From Northfield Park

    The Ohio State Racing Commission unanimously granted the request of Thistledown to withdraw its live signal from Northfield Park, which is a harness track located six miles from the Magna Entertainment-owned Thistledown.

  • 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.

  • Smaller Version of Gulfstream Seen for Dixon

    At the final session in a series of city-sponsored public workshops March 19, Magna Entertainment presented its updated proposal for Dixon Downs, the $250 million state-of-the-art racetrack and entertainment complex the company wants to build in Dixon, Calif., 20 miles west of Sacramento.

  • Churchill Downs president and CEO Tom Meeker.

    Meeker Says Churchill Will Continue to Pursue Alternative Gaming in Florida

    Following the defeat Tuesday of a referendum that would have permitted slot-machine gaming at Churchill Downs Inc.-owned Calder Race Course in Florida's Miami-Dade County, company president and chief executive officer Tom Meeker said CDI is encouraged by slots approval in a neighboring county and would continue to seek alternative gaming.

  • Sunshine Millions Overnight Ratings Dip

    NBC's telecast of the Jan. 29 Sunshine Millions from Gulfstream Park in Florida and Santa Anita Park in California earned modest overnight ratings for the network that ticked down below the 2004 edition.

  • Gulfstream Park to Test for 'Milkshakes'

    Following in the footsteps of sister track Santa Anita Park, Gulfstream Park announced that it expects to implement testing horses for "milkshaking," the force feeding of an alkalizing solution that typically contains bicarbonate, some time during its 2005 meet.

  • Pimlico to Simulcast Group Race from Uruguay

    Two group 1 fixtures from Uruguay's Maroñas National Racetrack will be simulcast into North America Jan. 6 with Pimlico Race Course serving as the North American wagering hub for the stakes. The highlight of the South American stakes is the group 1 Gran Premio Jose Pedro Ramirez, a 1 1/2-mile race that traditionally attracts some of the best horses from Argentina, Brazil, Chile and Uruguay.

  • Fogelsonger Off Monday Mounts

    Ryan Fogelsonger was off his mounts on today's nine-race card at Pimlico Race Course one day after being involved in a spill. The 23-year-old rider was injured when his mount, Summer Rainbow, was galloping out after her third place finish in Sunday's seventh race and tossed the rider who landed on his head.

  • Dixon Downs On Track, Official Tells Planners

    Four years after it was first proposed, Magna Entertainment's $250 million dream track for Northern California is finally nearing the public hearing stage. A series of meetings on various aspects of the development will be held in 2005, Dixon city officials said at a planning commission meeting Dec. 21.

  • Laurel Park reconstruction nears completion.

    Horsemen's Group Critical of Delays With Laurel Project

    As tensions escalated between leaders of the Maryland Thoroughbred Horsemen's Association and the chairman of the Maryland Racing Commission, executives of the Maryland Jockey Club said Tuesday that the rebuilding of the Laurel Park dirt track was nearly complete.

  • Santa Anita to Offer $12 million in Stakes Money

    A total of 10 grade I stakes and more than $12 million in stakes money will be up for grabs when Santa Anita Park kicks off its 85-day winter/spring meeting Dec. 26 with the Malibu Stakes (gr. I).

  • The Maryland Jockey Club has reported it is uncertain whether this construction project on the main track at Laurel will be completed before the scheduled Dec. 26 opener.

    Status of Laurel Main Track Still Uncertain for Opener

    Less than six weeks from the scheduled reopening of Laurel Park on Dec. 26, track officials told the Maryland Racing Commission Tuesday (Nov. 16) that they still cannot guarantee the reconstructed dirt surface will be ready for racing.

  • Oklahomans Approve Racetrack Slots Initiative; Florida Outcome Still Undecided

    Approximately 59% of voters in Oklahoma cast ballots Tuesday in favor of the "State-Tribal Gaming Act" that authorizes electronic gaming operations at the three privately-owned Oklahoma racetracks and directs a share of gaming revenues from Tulsa area tribes to the publicly-owned fourth track.

  • Ron Charles Selected to Head MEC California

    Magna Entertainment Corp. announced on Wednesday that Ron Charles, former chairman of the Thoroughbred Owners of California, has been selected to assume the executive directorship of MEC California effective Nov. 1.

  • MI Developments Won't Buy Out Magna

    MI Developments, which owns 59% of the equity in Magna Entertainment Corp., announced Thursday that it will not proceed with plans to take the racetrack conglomerate private by acquiring all outstanding shares.