Magna Entertainment Corp.
News and overview for Magna Entertainment Corp.
below-the-fold
Hollywood Reporter, The | 41 days 19 hours 6 minutes ago
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Industrial engine idling - thestar.com
Toronto Star, The | 43 days 18 hours 38 minutes ago
Without a revitalized manufacturing base, Ontario has little chance of a healthy economic recovery that delivers the good jobs and high productivity we need for sustainable prosperity.
Amazon 3Q profits surge 62% - thestar.com
Toronto Star, The | 32 days 20 hours 32 minutes ago
SAN FRANCISCO Amazon.com Inc. shares surged Thursday after the company said its third-quarter profit soared 62 per cent, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Car insurance hike leaves woman near tears - thestar.com
Toronto Star, The | 32 days 5 hours 10 minutes ago
Claims-free driver Gerri Goldsmith of the Beach district of Toronto has just been told by TD Insurance it will charge her family $1,900 to insure a 10-year-old Volvo S70, up $500 in a single year.
Amazon 3Q profit surges 62% - thestar.com
Toronto Star, The | 32 days 20 hours 15 minutes ago
SAN FRANCISCO – Amazon.com Inc. shares surged Thursday after the company said its third-quarter profit soared 62 per cent, showing that consumers are comfortable opening their wallets to the online retailer despite the still-shaky economy.
Toyota cuts paid days off
Edmonton Journal (Canada), The | 39 days 1 hour 51 minutes ago
Toyota Motor Corp. told its Canadian factory workers that it will cut five paid days off from their compensation starting next year as the Japanese automaker scrambles to slash costs and rebuild profits.
New TV season has no breakout hits but still offers some encouraging signs for networks
Star Tribune (Minneapolis-St. Paul, Minn.) | 27 days 4 hours 9 minutes ago
NEW YORK - If it were a television series, it would be called "Defying the Odds." Five weeks into a new TV season, three of the four top broadcast networks have bigger prime-time audiences than they had in 2008.
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Company Overview
| Company: | Magna Entertainment Corp. |
|---|---|
| Industry: | Gaming Activities |
| Website: | http://www.magnaent.com |
Racing fans gallop to these tracks to bet on the ponies. Magna Entertainment Corp. (MEC) is a leading player in North American horse racing, with about 10 race tracks in eight states. Its portfolio includes California's famed Santa Anita Park, Pimlico in Baltimore, and Gulfstream Park in Florida. In addition to live racing, MEC operates several simulcast systems that distribute racing events to off-track betting facilities, as well as wagering deposit systems that allow punters to place bets online and by telephone. The company also has racing operations and wagering systems in Europe. Controlled by chairman Frank Stronach through MI Developments, MEC filed for bankruptcy in 2009.
Key Numbers
| Sales in U.S. Dollars (mil.) | 625.7 (2007) |
|---|---|
| One-year % Growth in Sales | -10.9 (2007) |
| Net Income in U.S. Dollars (mil.) | -113.8 (2007) |
| One-year % Growth in Net Income | 0.0 (2007) |
| Number of Employees | 5,300 (2007) |
| One-year % Growth in Number of Employees | 0.0 (2007) |
| Fiscal Year-End | December |