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Magna Entertainment
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AURORA, ON, Jan. 25 /CNW/ - Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.A) today announced that, in conjunction with Woodbine Entertainment(R) ("Woodbine"), its popular Magna 5 wager will be available to Canadian patrons beginning this Saturday, January 27, 2007. Magna 5, the $2 Pick Five wager on coast-to-coast races for a $500,000 guaranteed pool each Saturday, challenges players to select winners in five races from premier tracks like Laurel Park, Gulfstream Park, Santa Anita Park and Golden Gate Fields. The fast-paced action of the hour-long racing sequence and juicy payoffs make Magna 5 an attractive wagering proposition. Last season's Magna 5 produced one payoff over $80,000 and four other winning tickets were worth over $6,000 per $2 investment. The record Magna 5 payoff occurred in 2005 when one correct ticket was worth $406,985.80. This Saturday, Magna 5 begins with Laurel's ninth race and includes the fourth and fifth races from Santa Anita Park as well as the ninth and tenth events from Gulfstream Park.
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AURORA, ON, July 31 /CNW/ - Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.A) will announce its financial results for the second quarter ended June 30, 2007 on Thursday, August 9, 2007. A conference call to discuss those results will be held on Friday, August 10, 2007 at 9:00 a.m. EST. The number to use for this call is 1-800-926-4402. Please call 10 minutes prior to the start of the conference call. The dial-in number for overseas callers is 212-231-2900. MEC will ... webcast the conference call at www.magnaentertainment.com. If you have any teleconferencing questions, please call Karen Richardson at 905-726-7465.
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Magna Entertainment Corp (MECA) announced that the company has entered into an agreement to sell 225 acres of excess real estate located in Ebreichsdorf, Austria. This property is to be sold to a subsidiary of Magna International, utilized solely for their automotive business venture.
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Magna Entertainment shares closed up 45 cents (Canadian), or 24 per cent, to $2.35 on the Toronto Stock Exchange, with a 52-week high of $6.30 and low of $1.75. MI Developments was off 30 cents at $32.45.
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Louisville, KY (Sports Network) - The world's best known racetrack, Churchill Downs, has reached an agreement with Magna Entertainment to become partners in broadcasting. The partnership includes Churchill Downs purchase of half of Magna's horse racing television channel, HRTV.
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In answer to a question, he confirmed that the Gulfstream slots produced an operating loss during the quarter, when there was no live racing at the facility, where Magna Entertainment has spent heavily on improvements. It ... plans further developments, including retail and office space and "discussions with a well-known hotel operator."
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