Highlights
A collection of news and information related to Magna Entertainment Corp. published by this site and its partners.
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Stronach plans IPOs for six racehorse-ownership firms
Frank Stronach, Pimlico's owner and a successful breeder, wants to bring horse ownership to the masses — by selling stock in six new racehorse investment companies.
For $10 a share, investors could own a piece of thoroughbreds that would be trained...Tags: Financing and Stock Offerings, Gulfstream Park, Equestrian, The Jockey Club Incorporated, Bankruptcy
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Prince George's Council votes to table slots bill
Three years after voters statewide approved a referendum allowing slot machines at limited sites in Maryland, the Prince George's County Council voted 5-4 on Nov. 15 to table a bill that would prohibit slots in the county. In the final legislative...Tags: Unemployment, Rushern Baker, Anne Arundel County, Voting, Worcester County
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Timeline: Highlights of 100 years at Laurel Park
• Oct. 2, 1911, Laurel Park opened for racing under the direction of the Laurel Four County Fair. Three years later, New York City grocery entrepreneur James Butler purchased the track and made renowned promoter Matt Winn general manager. Winn is...Tags: Barbaro, Horse and Harness Racing, Preakness Stakes, Equestrian, Belmont Stakes
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State's gambling future taking shape
Through the first three years of the state's slots program, the opportunity to build a casino in Baltimore drew only one bidder — and that investor was disqualified after failing to make payments and meet deadlines.
But now the city slots license...Tags: Pimlico Race Course, Preakness Stakes, Equestrian, Basketball, Corporate Officers
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Stronach in charge of Pimlico, Laurel Park
The latest owner of Laurel Park and Pimlico Race Course says the Preakness is the key to turning around the state's horse racing industry. Greg Avioli, who heads The Stronach Group's racing business, told state regulators Friday that the second leg of...Tags: Maryland, Pimlico Race Course, Bowie, Equestrian, The Jockey Club Incorporated
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The Interview: Greg Avioli
Greg Avioli is not new to thoroughbred racing.
But the former chief executive of the Breeders' Cup race still faces a difficult task in running The Stronach Group's racing business, which took full control of the financially ailing Maryland Jockey Club...Tags: Pimlico Race Course, Bankruptcy, Companies and Corporations, Executive Branch, Government
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Efforts under way to try to salvage live horse racing in Md.
State officials and the horse-racing industry vowed on Tuesday to try to salvage live thoroughbred racing in Maryland next year, though it remains unclear if the various stakeholders can come together to forge a viable plan.
With just five weeks before...Tags: Tim Rice, Maryland, Pimlico Race Course, Equestrian, The Jockey Club Incorporated
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Jockey Club owners and horsemen at odds over live racing season
On the eve of the Maryland Racing Commission's last scheduled meeting of the year, the owners of the state's two major thoroughbred tracks and horse-racing industry representatives were trying to hammer out a last-minute deal to ensure live meets can be...Tags: Maryland, Pimlico Race Course, Bowie, Equestrian, The Jockey Club Incorporated
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Maryland Racing Commission rejects horse-racing proposal
The future of live thoroughbred racing in Maryland — along with the Preakness Stakes —is in jeopardy once again after a state commission on Tuesday rejected a proposed racing schedule contingent on several conditions that horse owners and...Tags: Pimlico Race Course, Bowie, Cordish Cos., Dining and Drinking, Government
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Md. Racing Commission rejects Jockey Club plan
Maryland's two major thoroughbred tracks may not host live racing next year — potentially jeopardizing the Preakness Stakes — after the state's racing commission on Monday rejected a plan to drastically curtail the racing schedule at Laurel...Tags: Pimlico Race Course, Bankruptcy, Cecil County, Dining and Drinking, Executive Branch
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Maryland Jockey Club to curtail operations
Maryland's horse racing interests have warned for years that the industry's long tradition would come to an end without the legalization of slot machine gambling in the state.
They just never imagined the slots casino would rise in the parking lot of...Tags: Pimlico Race Course, Cordish Cos., Dining and Drinking, Government, Executive Branch
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Maryland's racing future uncertain
Maryland's thoroughbred owners, trainers and breeders have long worried that their industry is on the brink of collapse, issuing dire warnings about the potential loss of the Preakness Stakes, the state's biggest annual entertainment and sporting event....Tags: Pimlico Race Course, Bankruptcy, Companies and Corporations, Dining and Drinking, Executive Branch
Jan 27, 2012
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Nov 15, 2011
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