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Magna Entertainment Corp.

Highlights

A collection of news and information related to Magna Entertainment Corp. published by Tribune Company sources.

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    Nov 11, 2009 |Story| Baltimore Sun
  1. 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

  2. Nov 11, 2009 |Story| Baltimore Sun
  3. 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

  4. Nov 10, 2009 |Story| Baltimore Sun
  5. 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

  6. Nov 6, 2009 |Column| Los Angeles Times
  7. 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.
    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

  8. Nov 3, 2009 |Story| Baltimore Sun
  9. 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 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

  10. Oct 31, 2009 |Story| South Florida Sun-Sentinel
  11. Gulfstream Park's president quits suddenly

    South Florida Sun-Sentinel
    Gulfstream 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

  12. Nov 4, 2009 |Story| South Florida Sun-Sentinel
  13. 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

  14. Oct 20, 2009 |Story| Baltimore Sun
  15. 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

  16. Oct 21, 2009 |Story| Baltimore Sun
  17. 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 meeting at Laurel Park.
    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

  18. Oct 29, 2009 |Story| Baltimore Sun
  19. 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 early next year.
    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

  20. Oct 4, 2009 |Story| Baltimore Sun
  21. 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

  22. Oct 11, 2009 |Story| Baltimore Sun
  23. Design plans revealed for land at Laurel Park

    Special to The Baltimore Sun
    Preliminary 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

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Magna Entertainment Corp. Photos
Potential buyers submitted proposals Monday as the firs...
(October 14, 2009)
Laurel Park
Big Brown wins the Preakness last May at Pimlico . The...
(May 16, 2008)
Preakness
They're off at Pimlico for the 2007 Preakness , second...
(May 17, 2007)
Preakness start