Maryland Jockey Club

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Magna Losses Total $103 Million in Fourth Quarter

Magna Entertainment Corp. Tuesday reported a net loss of $103.2 million for the fourth quarter of 2003, or 96 cents a share, which includes a previously announced non-cash write-down of $81.7 million on its assets.

Preliminary Approval Given for Pimlico Expansion

The Baltimore Planning Commission Wednesday granted its approval to the proposed expansion of Pimlico Race Course into an "entertainment destination" facility, though plans for a hotel on the site were turned down.

Purse Shortfall Puts Pimlico Special at Risk--Again

Purse Shortfall Puts Pimlico Special at Risk--Again

After Funny Cide delighted racing fans with his sizzling victory at Gulfstream Park, the schedule for the popular New York-bred gelding included the Pimlico Special (gr. I), which could be canceled this year due to a purse shortfall.

MJC President Cleared in Probe of Campaign Contributions

Joe DeFrancis, president of the Maryland Jockey Club, and Maryland Senate President Thomas V. Mike Miller Jr. did not violate campaign finance laws by arranging more than $200,000 in donations to a national organization headed by Miller, Maryland's state prosecutor said Monday.

Stronach to Build Trade School Near Pimlico

Magna Entertainment Corp. chairman Frank Stronach formally announced Wednesday plans for a new job-training center to be located near Pimlico Race Course in Maryland.

Purse Cuts Possible In Maryland After Difficult Year

Tough times and uncertainty mark the passing of one year and the beginning of another in Maryland racing. Joe De Francis, president and CEO of the Maryland Jockey Club, calls 2003 "the toughest year we've had in the last decade." And the battle for relief in the form of slot machines has taken more unexpected twists and turns.

It's About Slots

By Dan Liebman -- The future of Maryland racing may not depend on the number of starts per stall, but perhaps the number of slot machines per grandstand.

Progress Made in Pimlico Barn Closure Dispute

The first indication a deal might be worked out to keep Pimlico's stable open for the winter emerged Tuesday. Meetings took place between horsemen's leadership and track management in a Baltimore office and between horsemen's leadership and angry Pimlico backstretch workers in the Pimlico track kitchen.

Maryland Horsemen Seek To Block MJC Simulcasts

Maryland Horsemen Seek To Block MJC Simulcasts

In the continuing dispute over the Maryland Jockey Club's closing of the Pimlico stables for the winter, the Maryland Thoroughbred Horsemen's Association has voted to try to stop the MJC from simulcasting out-of-state races.

Maryland Commission's Decision on Stable Closing Unpopular

Maryland Commission's Decision on Stable Closing Unpopular

The Maryland Racing Commission voted Tuesday not to intervene in the Maryland Jockey Club's decision to close the Pimlico stables for the winter. The 6-2 vote set off a flurry of angry responses from horsemen aimed primarily at Tom McDonough, commission chairman.

MJC Unveils 2004 Preakness Logo

MJC Unveils 2004 Preakness Logo

The Maryland Jockey Club today unveiled the 2004 Preakness logo. The 129th running of the $1,000,000 Preakness Stakes (gr. I), the middle jewel of the Visa Triple Crown, is set for May 15, 2004 at Pimlico Race Course.

MJC Denies Racism Charge in Heated Commission Meeting

In an explosive meeting marked by a commissioner's expletive-filled response to charges of discrimination, the Maryland Racing Commission voted Oct. 14 to review the Maryland Jockey Club's documentation for evicting trainers and closing the Pimlico stable for the winter.

FBI Reportedly Probing Campaign Donations Made by De Francis

Federal investigators are interviewing top Maryland lawmakers, as well as lobbyists, and members of the state's racing industry about Senate President Thomas V. Mike Miller and his role as chairman of the Democratic Legislative Committee, a fundraising arm of the national Democratic Party.

Pimlico Backstretch to Close for Repairs

The Maryland Jockey Club announced Friday that it will close the Pimlico Race Course backstretch from Nov. 29 until Feb. 29, 2004 in order to complete backstretch refurbishing projects. Pimlico will reopen for training on March 1, 2004.

Plans Approved for Pimlico Redevelopment

Plans Approved for Pimlico Redevelopment

Magna Entertainment Corp. was granted initial approval for a major overhaul of Pimlico that would realign the racetrack and move the grandstand across the infield.

Hurricane Isabel Causes Cancellations

Hurricane Isabel Causes  Cancellations

The imminent arrival of Hurricane Isabel has forced Pimlico Race Course to cancel live racing for Thursday and Friday. Monmouth Park cancelled its card Thursday after three races.

Stakes Coordinator Rollinson Leaving MJC

Stakes coordinator David Rollinson will be leaving the Maryland Jockey Club to concentrate on his bloodstock business specializing in acquiring and managing European Thoroughbreds for American racing.

Leatherbury Honored at Pimlico

The Maryland Jockey Club honored King Leatherbury Saturday at Pimlico after he became the third trainer in history to win 6,000 races last month.

Here and There...

Youbet.com gets a new chairman... The Maryland Jockey Club and Magna Entertainment Corp.'s premiere of the movie "Seabiscuit" raised over $181,000 for two Maryland charities.

Maryland Jockey Club Sues TVG

Maryland Jockey Club Sues TVG

A lawsuit against TV Games Network was filed in U.S. District Court in Baltimore by the Maryland Jockey Club for the network's inability to maintain a three-month average of $230 million in gross handle, which the suit claims is part of the contract between the two entities.

Magna's Improvements to Laurel Behind Schedule

It appears unlikely Magna Entertainment Corp., majority owners of the Maryland Jockey Club, will fulfill its promise of spending $5 million on improvements at Laurel Park prior to an Aug. 31 deadline.

Pimlico Spring Numbers Remain Strong Despite Rainy Season

Despite one less live race day, and wet weather for over half of the live racing days, Pimlico ended its 2003 spring meet June 8 with a decrease of less than one percent in total handle from the same period in 2002. All-sources handle totaled $265.5 million compared to $266.9 million during the same period a year ago.

Colonial Downs Opens With Full Fields

Full fields are expected when Colonial Downs opens its doors Friday. Colonial's 30-day meet runs through July 22nd on a Friday through Tuesday schedule with 1 p.m. post times on Saturday and Sunday and 5 p.m. post during the week. There is a special Thursday card on July 3.

Rain Forces Pimlico to Abandon Turf Course

For the sixth straight racing day, rain Saturday forced Pimlico to move races scheduled for the turf to the main track. The inclement weather has forced racing officials to shift grass races on 11 of 20 days, with only 20 of the 49 races scheduled on the turf making it.

Preakness Day Handle Down 9.5% From Last Year

Total handle on the May 17 Preakness Stakes Day program at Pimlico Race Course topped $60 million for the third consecutive year, but it was down 9.5% from last year, according to figures released May 21 by the Maryland Jockey Club.

Funny Cide Makes Pimlico Plans; 6 Confirmed

It appears that Kentucky Derby winner Funny Cide will van down to Pimlico from New York on May 14, a day after the New York-bred puts in his final Preakness work. Owner Jack Knowlton informed Maryland Jockey Club officials of his horse's plans for the Preakness Stakes (gr. I) Wednesday afternoon.

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.

Maryland Tracks Would be Rebuilt if Slots Approved

Maryland Tracks Would be Rebuilt if Slots Approved

The Maryland Jockey Club has unveiled a $420 million plan for tearing down and rebuilding its tracks and training facilities if the General Assembly adopts Gov. Robert L. Ehrlich Jr.'s proposal for slot machines at racetracks.

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