Magna Entertainment Corp. · Aurora, ON Canada ·(Pink Sheets: MECAQ)
Company Description
View Magna Entertainment Corp. Locations On A US Map
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This link will open in a new window 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. To read the full description, subscribe now.
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Key Magna Entertainment Corp. Financials
| Company Type | Public - Pink Sheets: MECAQ Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $625.7 |
| 2007 Employees | 5,300 |
Magna Entertainment Corp. Executives
19 executives listed for Magna Entertainment Corp.'s Aurora, ON location.
| Title | Name & Bio | Contact |
| Chairman | Frank Stronach | Network |
| Interim CEO | Greg Rayburn | Network |
| COO, East Coast | Stephen McCasey | Network |
Competition
Competitive Landscape for Magna Entertainment Corp.
Growth in consumer income and state spending has driven expansion of the US gambling industry. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to local residents, who may not be able to afford travel to gambling centers such as Las Vegas or Atlantic City. To read the full description, subscribe now.Top Magna Entertainment Corp. Competitors
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