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MusicBiz Academy (Free subscription) | 08/14/2008
AURORA, ON, Aug. 13 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC" or the "Company") (NASDAQ: MECAD; TSX: MEC.A) today announced that
it has amended certain of its financing agreements including:
- extending the maturity date of its $40 million senior secured
revolving credit facility (the "Senior Bank Facility") with a
Canadian chartered bank from August 15, 2008 to September...
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PR News Wire (Free subscription) | 08/12/2008
AURORA, ON, August 12, 2008 /PRNewswire-FirstCall/ - Magna
Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECAD; TSX: MEC.A)
today announced that it has entered into an agreement to sell approximately
489 acres of excess real estate located in Ocala, Florida to Lincoln
Property Company and Orion Investment Properties, Inc. for a purchase price
of $16.5 million cash, subject to a 90-day due diligence...
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atHome Top Story (Free subscription) | 08/07/2008
Financially strapped Magna Entertainment Corp. has revealed the racetrack and gambling company won't keep earlier pledges to eliminate its heavy debt load by the end of the year and may never do so.
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The Earth Times Online Newspaper (Free subscription) | 08/06/2008
AURORA, ON, Aug. 5 - Magna Entertainment Corp. ("MEC") (NASDAQ: MECAD; TSX: MEC.A) today reported its financial results for the second quarter ended June 30, 2008. -----------------------------...
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The Earth Times Online Newspaper (Free subscription) | 07/31/2008
AURORA, ON, July 31 - Magna Entertainment Corp. ("MEC") (NASDAQ: MECAD; TSX: MEC.A) will announce its financial results for the second quarter ended June 30, 2008 on Tuesday, August 5, 2008.
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MusicBiz Academy (Free subscription) | 07/31/2008
AURORA, ON, July 31 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC") (NASDAQ: MECAD; TSX: MEC.A) will announce its financial results for
the second quarter ended June 30, 2008 on Tuesday, August 5, 2008.
A conference call to discuss those results will be held on Wednesday,
August 6, 2008 at 3:00 p.m. EST. The number to use for this call is
1-800-255-2466. Please call 10 minutes prior...
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MusicBiz Academy (Free subscription) | 07/30/2008
AURORA, ON, July 30 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC" or the "Company") (NASDAQ: MECAD; TSX: MEC.A) today announced that
it has extended the maturity date of its $40.0 million senior secured
revolving credit facility with a Canadian chartered bank to August 15,
2008.
MEC, North America's largest owner and operator of horse racetracks,
based on revenue, develops, owns...
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The Earth Times Online Newspaper (Free subscription) | 07/21/2008
AURORA, ON, July 21 - Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.A) announced today that Scott Borgemenke will leave his position as Executive Vice President, Racing effective July 1...
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PR News Wire (Free subscription) | 07/21/2008
AURORA, ON, July 21 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC") (NASDAQ: MECA; TSX: MEC.A) announced today that Scott Borgemenke
will leave his position as Executive Vice President, Racing effective July
18th.
"Scott has helped MEC move forward on a number of important operational
initiatives. We very much appreciate his efforts, and we wish him well,"
said Frank Stronach, MEC...
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PR News Wire (Free subscription) | 07/16/2008
AURORA, ON, July 16 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that it
has completed the sale of Great Lakes Downs to The Little River Band of
Ottawa Indians for $5.0 million cash less customary closing adjustments.
Great Lakes Downs, situated on approximately 85 acres in Muskegon,
Michigan, was a racetrack which MEC...
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The Earth Times Online Newspaper (Free subscription) | 07/03/2008
AURORA, ON, July 3 - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that its Board of Directors has approved a reverse stock split of MEC's Class B Stock and Class A Sub...
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PR News Wire (Free subscription) | 07/03/2008
AURORA, ON, July 3 /PRNewswire-FirstCall/ - Magna Entertainment Corp.
("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that
its Board of Directors has approved a reverse stock split of MEC's Class B
Stock and Class A Subordinate Voting Stock ("Class A Stock"), utilizing a
1:20 consolidation ratio. Previously, at the May 6, 2008 Annual and Special
Meeting of Stockholders, the...
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atHome Top Story (Free subscription) | 08/13/2008
Magna Entertainment Corp., the largest horse racetrack operator in North America, says it has struck a deal to sell about 196 hectares of excess property in Ocala, Fla. to two U.S. companies for $16.5 million in cash.
