Highlights
A collection of news and information related to Magna Entertainment Corp. published by Tribune Company sources.
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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: Bankruptcy, Pimlico Race Course, Auction Service, Wages and Pensions, Lawyers
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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: Bankruptcy, Equestrian, Casino and Gambling Industry, Dining and Drinking, Fair Grounds Corporation
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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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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: Bankruptcy, National Government, Weather Statistics, Interior Policy, Gun Control
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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: Bankruptcy, Equestrian, Casino and Gambling Industry, Laurel, Casino and Gambling
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Gulfstream Park's president quits suddenly
South Florida Sun-SentinelGulfstream Park President Bill Murphy resigned Saturday, according to a company press release. Murphy could not be reached for comment and no reason was given for his abrupt resignation, which took effect Friday. Murphy joined the Hallandale Beach horse...Tags: National Government, Casino and Gambling Industry, Gaming and Lotteries, Mardi Gras, Public Employees
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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: Bankruptcy, Management Change, National Government, Gulfstream Park, Fair Grounds Corporation
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Maryland Racing Commission voices concern over Magna bankruptcy auction
The Maryland Racing Commission voiced concern Tuesday for the coming bankruptcy auction of Magna Entertainment Corp.'s three racing properties in the state -- Pimlico Race Course, Laurel Park and the Bowie Training Center -- during its regular monthly...Tags: Bankruptcy, Equestrian, Advanced Training, Property, Pimlico Race Course
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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: Bankruptcy, Equestrian, Property, Pimlico Race Course, Triple Crown
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Magna asks court to bar '02 slots deal
The bankrupt owner of Laurel Park and Pimlico Race Course wants to terminate a profit-sharing agreement to split any potential slots proceeds with the tracks' former owners, including Joseph De Francis, before the two racetracks go on the auction block...Tags: Bankruptcy, Casino and Gambling Industry, Gaming and Lotteries, Local Authority, Wages and Pensions
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Laurel owners seek mixed-use development
The owners of Laurel Park want to build 775 residences and more than a half-million square feet of offices and retail shops near the racetrack's entry road from U.S. 1. MI Developments Inc. of Ontario, the parent of Magna Entertainment Corp., which...Tags: Bankruptcy, Casino and Gambling, Tourism and Leisure, Museum Dioramas, Casino and Gambling Industry
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Design plans revealed for land at Laurel Park
Special to The Baltimore SunPreliminary design plans were revealed last week for a complex of mixed-use buildings that could be up to 10 stories high on a 64-acre property wedged between U.S. 1 and the Laurel Park racetrack in southern Howard County. The plans for the North...Tags: Casino and Gambling Industry, MI Developments Incorporated, Dining and Drinking, Casino and Gambling, Tourism and Leisure
Nov 11, 2009
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Nov 11, 2009
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Nov 10, 2009
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Nov 6, 2009
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Nov 3, 2009
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Oct 31, 2009
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Nov 4, 2009
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Oct 20, 2009
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Oct 21, 2009
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Oct 29, 2009
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Oct 4, 2009
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Oct 11, 2009
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