Magna Entertainment Corp.

Industry:	Recreation, Gambling & Gaming
Ranking:	Russell 3000
Revenues:	$625.7 Million
Employees:	4,500

Description

Magna Entertainment Corp. (MEC) owns horse racetracks in California, Florida, Maryland, Texas, Oklahoma, Ohio, Oregon and Ebreichsdorf, Austria. In addition, the Company operated a racetrack in Michigan until November 2007, and under a management agreement, operates a racetrack in Pennsylvania. It supplies, via simulcasting, live racing content to the inter-track, off-track and account wagering markets. It operates or manages seven thoroughbred racetracks, one standardbred (harness racing) racetrack and two racetracks that run both thoroughbred and quarterhorse meets, as well as the simulcast wagering venues at these tracks. Other operations include off-track betting facilities, a United States national account wagering business known as XpressBet, and a European account wagering service known as MagnaBet. The Company has two principal operating segments: racing and gaming operations, and real estate and other operations.
(Source: 10-K)

News Archive

Magna Entertainment Corp. files eighth default status report.(Report) Entertainment Newsweekly; 8/28/2009 Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as...proceedings on MEC's liquidity or results of operations. Keywords: Magna Entertainment Corp., Entertainment, Finance, Horse Racing, Investing, Investment... ...more

Magna Entertainment Corp. files fifth default status report.(Report) Entertainment Newsweekly; 7/17/2009 Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as...proceedings on MEC's liquidity or results of operations. Keywords: Magna Entertainment Corp., Entertainment, Finance, Horse Racing, Investing, Investment... ...more

Magna Entertainment Corp. files third default status report.(Report) Entertainment Newsweekly; 6/19/2009 Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as...proceedings on MEC's liquidity or results of operations. Keywords: Magna Entertainment Corp., Entertainment, Finance, Horse Racing, Investing, Investment... ...more