Magna Entertainment Corp.
News and overview for Magna Entertainment Corp.
MI Developments Inc. announces 2009 third quarter results [Press Release]
PRNewswire | 13 days 11 hours 28 minutes ago
AURORA, ON, Nov. 10 /PRNewswire-FirstCall/ - MI Developments Inc.
Magna Entertainment Corp. files thirteenth default status report [Press Release]
PRNewswire | 26 days 13 hours 25 minutes ago
AURORA, ON, Oct. 28 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its thirteenth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securitie...
Magna Entertainment Corp. files twelfth default status report [Press Release]
PRNewswire | 40 days 10 hours 24 minutes ago
AURORA, ON, Oct. 14 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its twelfth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities r...
Magna Entertainment Corp. files ninth default status report [Press Release]
PRNewswire | 90 days 18 hours 6 minutes ago
AURORA, ON, Aug. 25 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its ninth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities reg...
Magna Entertainment Corp. files eleventh default status report [Press Release]
PRNewswire | 61 days 17 hours 5 minutes ago
AURORA, ON, Sept. 23 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its eleventh bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities...
Magna Entertainment Corp. files tenth default status report [Press Release]
PRNewswire | 75 days 21 hours 35 minutes ago
AURORA, ON, Sept. 9 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its tenth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities reg...
Magna Entertainment Corp. files eighth default status report [Press Release]
PRNewswire | 108 days 21 hours 36 minutes ago
AURORA, ON, Aug. 7 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its eighth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities reg...
MI Developments announces 2009 second quarter results [Press Release]
PRNewswire | 103 days 6 hours 5 minutes ago
AURORA, ON, Aug. 13 /PRNewswire-FirstCall/ - MI Developments Inc.
MID announces conditional amendment to Magna Entertainment DIP loan [Press Release]
PRNewswire | 90 days 5 hours 5 minutes ago
AURORA, ON, Aug. 26 /PRNewswire-FirstCall/ - MI Developments Inc. (MID)
MI Developments notice of release of third quarter 2009 results [Press Release]
PRNewswire | 21 days 20 hours 54 minutes ago
AURORA, ON, Nov. 2 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID")
Ontario Securities Commission hearing regarding transactions with Magna Entertainment [Press Release]
PRNewswire | 105 days 6 minutes ago
AURORA, ON, Aug. 11 /PRNewswire-FirstCall/ - MI Developments Inc. (MID)
Ontario Securities Commission Dismisses Minority Shareholder Applications [Press Release]
PRNewswire | 70 days 20 hours 5 minutes ago
OSC Rules in Favour of MI Developments Regarding Transactions With Magna Entertainment
MI Developments notice of release of second quarter 2009 results [Press Release]
PRNewswire | 110 days 6 hours 6 minutes ago
AURORA, ON, Aug. 6 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID")
Forest City Announces New Tenants for The Village at Gulfstream Park [Press Release]
PRNewswire | 109 days 23 hours 6 minutes ago
...offering Moroccan cuisine and entertainment; and Adrenalina, an extreme...restaurants, outdoor cafes, entertainment, office and potential future...Forest City in partnership with Magna Entertainment Corp., the owner of Gulfstream...
Rentrak Names New Chief Operating Officer and CFO [Press Release]
PRNewswire | 53 days 21 hours 4 minutes ago
...Interactive Software Corp., a Nasdaq-listed...Chemerow was with Primerica Corp., formerly known as...where he graduated Magna Cum Laude with Highest...Dunham's Athleisure Corp., a sporting goods...recognizable names in the entertainment industry. Reaching across...
Sign up for AGC SmartBrief
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 |
