Highlights
A collection of news and information related to Magna Entertainment Corp. published by Tribune Company sources.
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Judge to hear arguments over Magna profit-sharing deal
A federal bankruptcy judge agreed Wednesday to hear arguments Jan 5. on whether to reject a profit-sharing agreement related to Maryland's two thoroughbred tracks slated to be auctioned early next year. The hearing will be three days before the auction of...Tags: Judges, Bankruptcy, Wages and Pensions, Pimlico Race Course, Auction Service
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Magna extends bids deadline for tracks
Magna Entertainment Corp. has pushed back by a week the deadline for the second round of bids for Pimlico Race Course and Laurel Park. Bids will now be due Dec. 11 instead of Dec. 4, according to court papers. Magna announced last week that the auction...Tags: Triple Crown, Bankruptcy, Equestrian, Pimlico Race Course, Auction Service
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Deadline for Pimlico, Laurel bids pushed back a week
The bankrupt owner of Pimlico Race Course and Laurel Park has pushed back by a week the deadline for the second round of bids for the two Maryland tracks.
Bids will now be due Dec. 11, instead of Dec. 4, according to court papers.
Last week, Magna...Tags: Triple Crown, Equestrian, Pimlico Race Course, Auction Service
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Magna seeks extension to reveal bid for tracks
The bankrupt owner of Maryland's Pimlico Race Course and Laurel Park filed Monday a motion seeking to extend the deadline to provide a lead, or "stalking horse," bid for the Maryland assets to Wednesday. Magna Entertainment Corp., which filed for...Tags: Bankruptcy, Equestrian, Pimlico Race Course, Financially Distressed Companies
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Former Pimlico owner seeks to keep profit-sharing deal
The former owner of Pimlico Race Course and Laurel Park is fighting to keep intact a profit-sharing agreement that would split any potential slots proceeds with the racetracks' bankrupt owner, Magna Entertainment Corp. Late last week, attorneys for Joseph...Tags: Lawyers, Bankruptcy, Wages and Pensions, Pimlico Race Course, Auction Service
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Quest for 'stalking horse' fails
The sale of Pimlico Race Course and Laurel Park will proceed without a lead bidder, prolonging questions about the future of Maryland's two thoroughbred tracks. The announcement of a "stalking horse," or lead bid, this week was expected to provide...Tags: Lawyers, Auction Service, Triple Crown, Bankruptcy, Pikesville
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Magna proceeds with Md. tracks auction without lead bidder
The bankrupt owner of Pimlico Race Course and Laurel Park will move forward with the sale of the two Maryland thoroughbred tracks without naming a lead bidder. Magna Entertainment Corp., which filed for bankruptcy protection in March, decided to bypass...Tags: Triple Crown, Bankruptcy, Equestrian, Pimlico Race Course, Auction Service
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Md. horse racing commission takes 'status quo' approach for 2010
Members of the Maryland Racing Commission on Tuesday approved the same number of live racing dates and purses for next year that they had in 2009 at Laurel Park and Pimlico Race Course, but they said possible slots revenue could result in increased purses...Tags: Casino and Gambling Industry, Triple Crown, Tourism and Leisure, Casino and Gambling, Dining and Drinking
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Tracks' potential buyers are raising their hands
The sale of Maryland's thoroughbred tracks and the storied Preakness Stakes began Monday with potential bidders submitting initial proposals for Pimlico Race Course and Laurel Park.
The names of interested purchasers are not made public during the...Tags: Auction Service, Triple Crown, Casino and Gambling Industry, Tourism and Leisure, Casino and Gambling
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Dunn joins Gulfstream as president
Gulfstream Park has hired Ken Dunn, an experienced race track executive who ran Calder for 18 years, to replace Bill Murphy as president and general manager. Murphy resigned Oct. 30. Dunn has spent 40 years in racing. He has been a groom, a mutuels clerk...Tags: Management Change, National Government, Fair Grounds Corporation, Bankruptcy, Government
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Artificial tracks provided false hopes
Death is a sad but common part of thoroughbred racing, but in California the sight of medical vans on racetracks was a grim reminder that this state had problems far greater than others.
In May 2006, the California Horse Racing Board, whose job it is...Tags: Synthetics and Plastics, National Government, Personal Weapon Control, Weather Statistics, Government
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Magna's auction concerns state racing group
Members of the Maryland Racing Commission voiced concern Tuesday for the coming bankruptcy auction of Magna Entertainment Corp.'s three in-state racing properties - Pimlico Race Course, Laurel Park and the Bowie Training Center - during their monthly...Tags: Triple Crown, Property, Bankruptcy, Equestrian, Pimlico Race Course
Nov 19, 2009
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Nov 17, 2009
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Nov 16, 2009
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Nov 10, 2009
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Nov 11, 2009
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Nov 13, 2009
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Nov 12, 2009
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Nov 11, 2009
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Nov 3, 2009
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Nov 4, 2009
|Story| South Florida Sun-Sentinel
Nov 6, 2009
|Column| Los Angeles Times
Oct 21, 2009
|Story| Baltimore Sun
