Magna Entertainment

GULFSTREAM PARK: HALF-BAKED IN THE FLORIDA SUN

By Ray Paulick How cold was it at Gulfstream Park in South Florida last weekend? So cold that local legend Hash Weinstein thought of wearing socks for the first time in his life. So cold the volleyballs at Frank’s beach all were sadly deflated. It was so cold racing fans couldn’t have cared less whether […]

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PAULICK REPORT POLL: BETTER DAYS AHEAD?

By Ray Paulick Perhaps it’s more hope than optimism, but the second annual poll of Paulick Report readers looking ahead to the new year suggests a belief that the Thoroughbred industry may have better days ahead—or at least may have hit bottom in 2009. When we first asked readers in late 2008 if the new […]

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JUDGE POSTPONES LAUREL, PIMLICO AUCTION; REJECTS SLOT MACHINE BID

According to the Baltimore Sun, a Delaware bankruptcy judge on Tuesday agreed to postpone Magna Entertainment Corp’s sale of two horse racing tracks in Maryland and rejected a bid by the former track owners to lock up slot machine gambling rights at one site. Click here for the Baltimore Sun article Then come back […]

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GOOD NEWS FRIDAY sponsored by Liberation Farm: BETTER LATE THAN NEVER

    By Ray Paulick When the committee that doles out Eclipse Awards of Merit or Special Eclipse Awards announced the other day that Thoroughbred Retirement Foundation founder and longtime chairman Monique Koehler would be a recipient of a Special Eclipse Award next month, my first thought was, “What took so long?” But then I […]

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OPINION: SLOTS AT THE MALL WON’T HURT HORSE RACING; PETITION TO STOP THEM MIGHT

According to the the Baltimore Sun’s editorial board, fighting to have slots at Laurel Park over the current proposed site at Arundel Mills mall would actually be bad for racing. They claim that with 4,750 machines and potentially $100 million a year in revenue for Maryland’s racetracks, ‘the Arundel Mills proposal stands to pour a […]

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GONE BABY GONE?

By Ray Paulick Ten years ago many of the grand poobahs of American racing gathered in Tucson, Ariz., for the University of Arizona Racetrack Industry Program’s 25th annual Symposium on Racing. There was great anticipation of the event, in large part to get an update on the fledgling National Thoroughbred Racing Association’s efforts to organize […]

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MINOR FED UP WITH MAGNA

By Ray Paulick Saying he is fed up with what he called the “most unprofessional process” he has ever seen, Internet entrepreneur and Thoroughbred owner Halsey Minor told the Paulick Report he has withdrawn from the bidding for the bankrupt Magna Entertainment (MEC) racetracks.“Magna Entertainment was to bankruptcy when dead what Magna Entertainment was to […]

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STRONACH’S EINSTEIN PURCHASE: BRILLIANT!

By Ray Paulick UPDATED (EIGHTH AND NINTH PARAGRAPH) There are a lot of things Frank Stronach does that I don’t like, most of them involving the structure of his public companies and how he has run Magna Entertainment into bankruptcy and many of the company’s racetracks into the ground. But when word got out that Stronach was […]

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JACKSON: NO ‘PLASTIC’ MEANS NO BREEDERS’ CUP FOR RACHEL

By Ray PaulickJess Jackson, the principal owner of star filly Rachel Alexandra, said during a New York Racing Association media teleconference on Wednesday afternoon he has no intention of ever running the Kentucky Oaks and Preakness winner on “plastic,” or synthetic racetracks, and ruled out any chance she would compete in this year’s Breeders’ Cup […]

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DISABLED JOCKEYS GET $1M FROM FARISH FUND

By Ray Paulick Permanently disabled jockeys got a huge boost today with the announcement that the William Stamps Farish Fund has pledged $1 million to the Permanently Disabled Jockeys Fund, the organization currently assisting 60 former riders who have been seriously injured in racing accidents.   The president of the Farish Fund is William S. Farish, […]

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