Magna

Magna property in FL to be turned into industrial park

On the site where Magna once hoped to build a racetrack, Marion County officials and the current owners of the 500-acre plot are planning to build an industrial park to better attract new business to the area. “I am just excited that the Marion County Commission and the City Council are officially going to make […]

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Ask Ray: Takeout, Claimers, TV Harmony and A Guy Named Frank

Another week, another  series of questions from our admiring readers. I’ve been reading your recent articles about takeout and how the morons in California decided to start gouging us horseplayers even worse. You are defending them. How did you get to be so (deleted) stupid? I thought you were smarter than that. I used to […]

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BETFAIR’S BURN: IT ISN’T CORRECT TO SAY WE TRIED TO ‘SNEAK’ EXCHANGE WAGERING THROUGH IN CALIFORNIA

President of TVG and Betfair’s global director of horseracing Stephen Burn, recently the subject of a Paulick Report Forum brought to you by Breeders’ Cup, joined the ongoing discussion on the Paulick Report regarding the push for exchange wagering in the U.S. Mr. Burn left a lengthy defense of the legislative process in the […]

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PAULICK REPORT FORUM brought to you by Breeders’ Cup: YOU CAN’T HAVE IT BOTH WAYS, FOLKS

By Ray Paulick Everyone, it seems, is a critic. In last week’s Paulick Report Forum, Dennis Mills, CEO of MI Developments, talked about the outreach program he recently launched at www.racingfuture.com, where he is soliciting the public to offer their ideas for the future of the sport. The ideas will be judged, and the “best […]

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OAK TREE AT HOLLYWOOD PARK IN 2010? BELIEVE IT

In a blistering attack on Frank Stronach and MI Developments, the company that acquired ownership of Santa Anita Park through the bankruptcy of a second Stronach-controlled company, Magna Entertainment, Southern California racing journalist Art Wilson says Stronach should sell Santa Anita to someone who cares more about the sport that, in Wilson’s words, is a “sinking […]

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ROB WHITELEY SEARCHING FOR MASTER PLAN

Breeder and commercial consignor Rob Whiteley, like many of us, is deeply concerned about the current state and future of the Thoroughbred racing and breeding industry. Whiteley, formerly longtime adviser to corporate raider Carl Icahn and manager of his Foxfield operation, penned the following commentary, “In Search of a Master Plan, initially published last week […]

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CHURCHILL DOWNS DROPS OUT OF THE NTRA

In a story from the Thoroughbred Times, Churchill Downs has announced they will drop out of the NTRA by not renewing. This has been explained as a cost-cutting measure for the Louisville-based company. The $375,000 in dues Churchill will no longer contribute accounts for 3.8% of their annual budget. It’s not exactly genius insight […]

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MID ANNOUNCES AMENDMENTS TO MAGNA REORGANIZATION

PRESS RELEASE MI Developments Inc. today announced that the Plan of Reorganization in respect of Magna Entertainment Corp. (“MEC”) and certain of its subsidiaries, jointly proposed by MEC, MID and the Official Committee of Unsecured Creditors of MEC (the “Creditors Committee”), was amended to provide for the transfer of Maryland Jockey Club (“MJC”) to MID. […]

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HANA TRACK RATINGS: #5 OAKLAWN PARK

2010 HANA Track Ratings – #5 Oaklawn ParkBy Greg Reinhart Rank: 5 HANAScore: 2.47 Tucked away in Hot Springs, Arkansas, is Oaklawn Park, which took the fifth spot in the Horseplayer Association of North America’s annual rankings of racetracks in North America this year after coming in eighth in 2009. The HANA ratings […]

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ENG: ROOTING FOR MEC TO SUCCEED

Las Vegas Review-Journal columnist Richard Eng chimed in on the recent Magna deal reached with creditors to maintain control of Gulfstream Park, Santa Anita, Golden Gate Fields and XpressBet. Despite such flops like the Horse Wizard slot machine, ultimately he makes a strong pitch for us to root for MEC to succeed ‘because way […]

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