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Racing fans gallop to these tracks to bet on the ponies. Magna Entertainment Corp. (MEC) is a leading player in North American horseracing with about 10 race tracks in eight states. Its portfolio of 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. Through MI Developments, chairman Frank Stronach holds more than 95% voting control in the company.
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| | | Contact Information | |
Address: |
337 Magna Dr.
Aurora, Ontario L4G 7K1, Canada
| | Phone: | 905-726-2462 | | Fax: | 905-726-7164 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 625.70 M | | Revenue Growth (1 yr): | (-10.90%) |
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Key People
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Chairman and Interim CEO:
Frank Stronach
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EVP and CFO:
Blake S. Tohana
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COO and Director; Executive Director, MEC California:
Ron Charles
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