pimlico

IF A DRUNK FALLS IN THE INFIELD AND NO ONE’S THERE TO SEE HIM…

By Bradford Cummings Imagine a Christmas where Walmart was not allowed to run $10 DVD player sales out of fear someone would be trampled. How about attending a Poison concert at Madison Square Garden unplugged due to concern of noise pollution? Or what if Major League Baseball used nerf balls so errant objects wouldn’t hurt […]

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RACHEL ALEXANDRA BEATS MINE THAT BIRD IN 134TH PREAKNESS

By Ray Paulick Rachel Alexandra won Saturday’s $1.1-million Preakness Stakes and proved to be the super filly owner Jess Jackson thought she was when he paid a reported $7 million to buy her after her 20 1/4-length Kentucky Oaks victory May 1. The daughter of Medaglia d’Oro raced toward the lead from the start from […]

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RACHEL: ‘AMAZING’ … ‘EXTRAORDINARY’ … ‘MAGNIFICENT’

Maryland Jockey Club Press Office Notes RACHEL ALEXANDRA – At 6 a.m. Sunday, just under 12 hours after her impressive victory in the Preakness, Rachel Alexandra left Pimlico for the return trip to trainer Steve Asmussen’s barn at Churchill Downs in Louisville, Ky. Asmussen said the filly owned by Jess Jackson’s Stonestreet Stables and […]

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MAGNA SHARE SPIKE ON EVE OF MARYLAND SLOTS VOTE

By Ray Paulick UPDATED TUESDAY EVENING:  Stock prices soared Monday in Magna Entertainment, the racetrack company that operates Laurel Park and Pimlico in Maryland, where voters are deciding today on an amendment to allow 15,000 slot machines at five locations in the state. The share price jumped by 92%, from $1.82 at […]

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MAGNA CALLED ‘FINANCIAL SINKHOLE’ BY INVESTOR

By Ray Paulick A major institutional investor in MI Developments, the Frank Stronach-controlled real estate company that has kept Stronach’s failing racetrack entity Magna Entertainment afloat with bridge loans, has threatened legal action against the MI Developments board of directors, alleging they have “flagrantly breached their fiduciary duties to shareholders.” Richard Fried, a managing member […]

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MAGNA’S STOCK DIVES

By Ray Paulick Shares in Magna Entertainment (MECA), the debt-ridden racetrack operating company controlled by Frank Stronach, plunged by 56% in Tuesday’s trading on the NASDAQ exchange. Closing at $1.75 per share (down from $4.00) under extremely heavy trading (more than 30 times higher than the daily average), MECA was NASDAQ’s biggest percentage loser […]

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MINOR TAKES ON MAGNA

By Ray Paulick While CNET founder Halsey Minor continues his efforts to purchase Hialeah Park from current owner John Brunetti, he also has contacted financially troubled Magna Entertainment about the possible sale of Santa Anita Park near Los Angeles and the company’s two Maryland Jockey Club tracks, Pimlico and Laurel. But after speaking with […]

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