Magna Entertainment Corp.
News and overview for Magna Entertainment Corp.
Magna Entertainment Corp. files thirteenth default status report [Press Release]
PRNewswire | 10 days 8 hours 33 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...
Judge approves sale of Lone Star Park
Richmond Times-Dispatch (Va.) | 10 days 13 hours 20 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 | 10 days 15 hours 58 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 twelfth default status report [Press Release]
PRNewswire | 24 days 5 hours 32 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 says it won't consider bid to move Preakness
Yahoo! | 25 days 16 hours 57 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 Entertainment Corp. files ninth default status report [Press Release]
PRNewswire | 74 days 13 hours 14 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 | 45 days 12 hours 13 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 | 59 days 16 hours 43 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 in bankruptcy court filings it won't consider bids to move Preakness
Sun (Baltimore), The | 25 days 15 hours 19 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.) | 25 days 17 hours 51 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 .
MI Developments announces 2009 second quarter results [Press Release]
PRNewswire | 87 days 1 hour 13 minutes ago
AURORA, ON, Aug. 13 /PRNewswire-FirstCall/ - MI Developments Inc.
Magna says in bankruptcy court filings it won't consider bids to move Preakness -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 25 days 17 hours 23 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 .
MI Developments notice of release of third quarter 2009 results [Press Release]
PRNewswire | 5 days 16 hours 2 minutes ago
AURORA, ON, Nov. 2 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID")
Magna Entertainment Corp. files eighth default status report [Press Release]
PRNewswire | 92 days 16 hours 44 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...
MID announces conditional amendment to Magna Entertainment DIP loan [Press Release]
PRNewswire | 74 days 13 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 |