Keyword: MEC

  • McCarron planning school for aspiring riders.

    McCarron Wants to Develop Jockey School

    Retired Hall of Fame jockey Chris McCarron announced that he would resign from his position with Magna Entertainment this spring and move to Kentucky, where he intends to open a jockey school.

  • 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.

  • Michigan Racing Commissioner to Leave Post

    Michigan Racing Commissioner Robert Geake said he would leave his post when his term expires at the end of December, and that he hopes to make the long-awaited decision on granting a suburban Detroit racetrack license before he goes.

  • MEC Wants to Be Friend of New York Racing

    The president of Magna Entertainment Corp. said Dec. 10 the company would like to be part of a new organization -- Friends of New York Racing -- which hopes to reconstruct the economic model for racing in the state and perhaps seek the franchise to operate Aqueduct, Belmont Park, and Saratoga.

  • Magna president Jim McAlpine.

    McAlpine: Industry Needs Change, Vision

    Magna Entertainment Corp. president Jim McAlpine said the company is ready for change and part of that change includes forming more partnerships with other industry players to propel horseracing into the winner's circle.

  • For NTRA, Membership Scheme a Priority for 2005

    With membership contracts set to expire at the end of 2005, the National Thoroughbred Racing Association is formulating a long-range strategy that is expected to rely on dues in some form. Meanwhile, the search for a chief executive officer won't begin until the master plan is in place.

  • MEC Losses Impact MI Developments

    MI Developments, the real estate spin-off of Magna International, reported a third-quarter profit of $11.5 million, but a $27.4-million loss at Magna Entertainment Corp. created a bottom-line deficit of $15.9 million. MEC is controlled by MID.

  • MEC to Re-evaluate in Wake of Big Losses

    Magna Entertainment Corp. chief executive officer Jim McAlpine Nov. 3 acknowledged the company's substantial third-quarter loss and said it would re-examine its strategy and direction moving forward.

  • Passage of Michigan Proposal Hinders Racing

    Michigan voters effectively sounded the death knell for racinos in the state when they passed the anti-gambling Proposal 1 by a 58%-42% margin with 98% of precincts reporting.

  • 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.

  • XpressBet Approved in Washington

    XpressBet received a license from the Washington Horse Racing Commission to become the second authorized advance deposit wagering provider in the state Oct. 14.

  • 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.

  • MEC Takes Heat for State of Maryland Racing

    Castigating the management of Laurel Park and Pimlico Race Course for everything from construction delays to security cutbacks to apathetic customer service, the Maryland Racing Commission delivered a stern message Sept. 14 to the Maryland Jockey Club and its parent company, Magna Entertainment Corp.

  • Santa Anita Park Gets New Marketing Executive

    Michael Gilligan has been hired as the new vice president of marketing and sales for Santa Anita Park, parent company Magna Entertainment Corp. announced Sept. 7.

  • MI Developments Names 'Lead Director'

    M. Douglas Young has been appointed lead director of MI Developments' board of directors, the company announced Sept. 2. MID is a Magna company that is seeking to purchase the stock of Magna Entertainment Corp.

  • Pimlico Meet Ends With Decline in Handle

    Pimlico Race Course in Maryland ended its 16-day summer meet Aug. 27 with a 10% decrease in average daily total handle. The 2004 meet was six days shorter than the corresponding 2003 meet, though it included four more simulcast-only days.

  • MEC Sells Great Lakes Downs in Lease-Back Deal

    Magna Entertainment Corp. has sold Great Lakes Downs in a lease-back deal that will allow it to operate a live Thoroughbred meet at the western Michigan facility and pursue plans for Michigan Downs, a proposed racetrack in the Detroit metropolitan area.

  • Magna Back in Hunt for Pennsylvania Track License

    The Pennsylvania Horse Racing Commission has finalized at five the number of applicants seeking the final Thoroughbred racing license in the state. Only four applicants hit an informal Aug. 16 deadline to apply for the last license, but Magna Entertainment Corp. has reiterated its interest in building a track near Pittsburgh International Airport.

  • Gulfstream Ponders Florida Derby Date Switch

    In a move that could have significant implications for the slate of Triple Crown prep races, Gulfstream Park may revamp its schedule of 3-year-old stakes and delay by three weeks the 2005 Florida Derby (gr. I).

  • Top U.S. Racing Companies to Study Jockey Scale of Weights

    The nation's top three horse racing companies have teamed to study the current jockey scale of weights and make recommendations on potential national reforms to the Jockeys' Guild, horsemen's groups, racing associations and racing regulators.

  • Thistledown Wins a Battle in Simulcast War

    Thistledown, the Magna Entertainment Corp.-owned racetrack that has battled for years over simulcasts with a neighboring harness track, received approval Aug. 10 from the Ohio State Racing Commission to import races it hasn't been able to take because of state law.

  • Great Lakes Downs License Transfer Approved

    Michigan Racing Commissioner Robert Geake said Aug. 9 he would authorize the transfer of the license for Great Lakes Downs near Muskegon from MI Racing Inc., a fully owned subsidiary of Magna Entertainment Corp., to Richmond Racing.

  • Magna Posts Losses But Growth Plan Continues

    Magna Entertainment Corp. recorded a net loss of $25.4 million in the second quarter of 2004, but officials said the company continues to "see meaningful results" from cost-cutting initiatives and the work of its Continuous Improvement Team.

  • MEC Has Plans--With or Without NYRA

    Magna Entertainment Corp. is still willing to partner with the New York Racing Association, but it is also pursuing its own move into the New York marketplace in case NYRA isn't serious about a merger, MEC president Jim McAlpine said.

  • Ray Paulick<br>Editor-in-Chief

    Taking Care of Business

    <i>By Ray Paulick</i> -- This is supposed to be the time of year when the racing world starts talking Saratoga and Del Mar, and the search begins for the hot 2-year-olds who look like they could be Triple Crown prospects 10 months from now.

  • Hope for New Thoroughbred Track Seems Dim

    Hope that passage of slot machine legislation in Pennsylvania would result in a new Thoroughbred racetrack near Pittsburgh seems futile. Negotiators with knowledge of the bill signed into law July 5 by Gov. Ed Rendell said a stand-alone slots parlor in downtown Pittsburgh is much more likely.

  • Magna Moves Gagliano to Maryland Executive Post

    Jim Gagliano, who joined Magna Entertainment Corp. more than two years ago, has been appointed executive vice president of Maryland racing operations for MEC, majority owner of Laurel Park and Pimlico Race Course under the Maryland Jockey Club banner.

  • Some For, Some Against Michigan License Transfer

    Groups for and against the proposed transfer of Michigan's Great Lakes Downs racing license had their say at a state racing commission hearing in Lansing July 29. And what they said was nothing more than expected.

  • Laurel Park Project to Force Relocation of Horses

    The Maryland Racing Commission June 8 narrowly gave the go-ahead to Magna Entertainment Corp., parent company of the Maryland Jockey Club, to begin rebuilding the turf and dirt tracks at Laurel Park despite strong objections by horsemen.

  • Bill to Revamp New York Racing Passes Senate

    The New York state Senate June 3 gave quick approval to a plan to overhaul the regulation of racing in the state, including a provision designed to get video lottery terminals installed this year at Aqueduct.

  • Donn Resigns as Chairman of Gulfstream

    Doug Donn, who since 1969 served in a variety of capacities at Gulfstream Park, ended his 35-year affiliation with the track by tendering his resignation as chairman of the board of the Gulfstream Park Racing Association.

  • Workers at MEC's Flamboro Downs Set Strike Deadline

    Employees at Magna Entertainment Corp.'s Standardbred track Flamboro Downs have set a strike deadline of midnight Tuesday in response to what it called MEC's "attempt to intimidate workers into dropping key demands" during collective bargaining negotiations.

  • Maryland Officials: Help Needed to Protect Industry

    Maryland racing officials and politicians really didn't make any excuses during the May 13 Alibi Breakfast at Pimlico Race Course. Instead, they called on the racing industry to do everything it can to facilitate a turn of fortunes for horse racing in the state.