Magna Entertainment Corp.
News and overview for Magna Entertainment Corp.
MI Developments Inc. announces 2009 third quarter results [Press Release]
PRNewswire | 13 days 18 hours 6 minutes ago
AURORA, ON, Nov. 10 /PRNewswire-FirstCall/ - MI Developments Inc.
Magna Entertainment Corp. files twelfth default status report [Press Release]
PRNewswire | 40 days 17 hours 2 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 thirteenth default status report [Press Release]
PRNewswire | 26 days 20 hours 3 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 eleventh default status report [Press Release]
PRNewswire | 61 days 23 hours 43 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 | 76 days 4 hours 13 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 says it won't consider bid to move Preakness
Yahoo! | 42 days 4 hours 27 minutes ago
ANNAPOLIS, Md. – Magna Entertainment Corp. says in bankruptcy court filings it won't consider auction bids that would move the Preakness Stakes horse race from Maryland, a decision cheered Tuesday by Gov. Martin O'Malley.
Magna says in bankruptcy court filings it won't consider bids to move Preakness
Sun (Baltimore), The | 42 days 2 hours 49 minutes ago
In bold lettering in bankruptcy court filings, Magna Entertainment Corp. said it will not consider bids at auction that would move the Preakness Stakes horse race from Maryland, a decision cheered Tuesday by Gov. Martin O'Malley.
Magna Entertainment says in bankruptcy court filings it won't consider bids to move Preakness
Orlando Sentinel (Fla.) | 42 days 5 hours 21 minutes ago
ANNAPOLIS, Md. (AP) — Magna Entertainment Corp. says in bankruptcy court filings it won't consider auction bids that would move the Preakness Stakes horse race from Maryland, a decision cheered Tuesday by Gov. Martin O'Malley .
Magna says in bankruptcy court filings it won't consider bids to move Preakness -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 42 days 4 hours 53 minutes ago
ANNAPOLIS, Md. (AP) — In bold lettering in bankruptcy court filings, Magna Entertainment Corp. said it will not consider bids at auction that would move the Preakness Stakes horse race from Maryland, a decision cheered Tuesday by Gov. Martin O'Malley .
Judge approves sale of Lone Star Park
Richmond Times-Dispatch (Va.) | 27 days 50 minutes ago
WILMINGTON, Del. (AP) -- A subsidiary of the Chickasaw Nation of Oklahoma received court approval Wednesday to buy Magna Entertainment Corp.'s Lone Star Park horse track in Texas, albeit for $20 million more than the tribe first thought it would spend.
Magna bankruptcy judge approves sale of Lone Star Park after second auction
Sun (Baltimore), The | 27 days 3 hours 28 minutes ago
A Delaware bankruptcy judge has approved the sale of Magna Entertainment Corp.'s Lone Star Park track in Texas.
Magna Entertainment Corp. files ninth default status report [Press Release]
PRNewswire | 91 days 44 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 eighth default status report [Press Release]
PRNewswire | 109 days 4 hours 14 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 12 hours 43 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 11 hours 43 minutes ago
AURORA, ON, Aug. 26 /PRNewswire-FirstCall/ - MI Developments Inc. (MID)
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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 |