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Industry Center - Gaming Activities
Industry Center > Gaming Activities > Magna Entertainment Corp. Company Profile
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Magna Entertainment Corp. Company Profile
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.
Headlines for Magna Entertainment Corp.
MAGNA ENTERTAINMENT CORP Files SEC form 8-K, Termination of a Material Definitive Agreement, Change in Directors or P
EDGAR Online - Fri Oct 30
Judge approves sale of Lone Star Park
AP - Wed Oct 28
Likely new Okla. track owners plan major updates
AP - Thu Oct 15
Sale of Texas track to Chickasaws hits snag
AP - Wed Oct 14
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Contact Information
Address: 337 Magna Dr.
Aurora, Ontario L4G 7K1, Canada
Phone:905-726-2462
Fax:905-726-7164
Financial Highlights
Fiscal Year End:December
Revenue (2007):625.70 M
Revenue Growth (1 yr):(-10.90%)
Employees (2007):5,300
Employee Growth (1 yr):0.00%
Key People
Chairman: Frank Stronach
Interim CEO: Greg Rayburn
COO, West Coast and Director; Executive Director, MEC Califo: Ron Charles
Industry Information
Sector: Services
Industry: Gaming Activities
Top Competitors
Boyd Gaming Corporation (byd)
Churchill Downs Incorporated (chdn)
Penn National Gaming, Inc. (penn)
 


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