Magna Entertainment's buying spree

July 16, 2002|By Researched by: Alex Kopicki and Jon Morgan

Canadian-based Magna Entertainment Corp. has assembled the racetrack industry's largest chain over the past four years, making acquisitions coast-to-coast, starting with Santa Anita.

1. Santa Anita Park

Type: Thoroughbred

Location: Arcadia, Calif.

2001 Handle: $1.1 billion

2001 Revenues: $143 million

Biggest Race: $1 million Santa Anita Derby

Year bought by Magna: 1998

Average daily purses paid, 2001: $443,796

2. Gulfstream Park

Type: Thoroughbred

Location: Hallandale, Fla.

2001 Handle: $704 million

2001 Revenues: $65.1 million

Biggest Race: $1 million Florida Derby

Year bought by Magna: 1999

Average daily purses paid, 2001: $396,683

3. Remington Park

Type: Thoroughbred, quarter horses

Location:Oklahoma City

2001 Handle: $133.9 million

2001 Revenues: $26.6 million

Biggest Race: $250,000 Oklahoma Derby

Year bought by Magna: 1999

Average daily purses paid, 2001: $88,230

4. Thistledown

Type: Thoroughbred

Location: North Randall, Ohio

2001 Handle: $377.4 million

2001 Revenues: $36.3 million

Biggest race: $300,000 Ohio Derby

Year bought by Magna: 1999

Average daily purses paid, 2001: $73,454

5. Golden Gate Fields

Type: Thoroughbred

Location: Albany, Calif.

2001 Handle: $534.9 million

2001 Revenues: $61.4 million

Biggest Race: $300,000 Golden Gate Breeders Cup

Year bought by Magna: 1999

Average daily purses paid, 2001: $162,357

6. Great Lakes Downs

Type: Thoroughbred

Location: Muskegon, Mich.

2001 Handle: $59.3 million

2001 Revenues: $6 million

Biggest Race: $120,000 Michigan Sire Stakes

Year bought by Magna: 2000

Average daily purses paid, 2001: $84,027

7. Bay Meadows Racecourse

Type: Thoroughbred

Location: San Mateo, Calif.

2001 Handle: $495.3 million

2001 Revenues: $64.6 million

Biggest Race: $55,000 Time to Leave Stakes

Year bought by Magna: 2000

Average daily purses paid, 2001: $168,216

8. The Meadows

Type: Harness

Location: Meadow Lands, Pa.

2001 Handle: $381.1 million

2001 Revenues: $70.9 million

Biggest Race: $500,000 Adios Pace for the Orchids

Year bought by Magna: 2001

Average daily purses paid, 2001: $50,284

9. Multnomah Greyhound Park

Type: Dog

Location: Wood Village, Ore.

2001 Handle: $47.1 million

2001 Revenues: $9.3 million

Biggest Race: $75,000 MGP Derby

Year bought by Magna: 2001

Average daily purses paid, 2001: n/a

10. Portland Meadows

Type: Thoroughbred

Location: Portland, Ore.

2001 Handle: $47 million

2001 Revenues: $13.8 million

Biggest Race: $30,000 Portland Mile

Year bought by Magna: 2001

Average daily purses paid, 2001: $29,797

11. Lone Star Park

Type: Thoroughbred

Location: Grand Prairie, Texas

2001 Handle: $398 million

2001 Revenues: $66 million

Biggest race: $500,000 Lone Star Derby

Year bought by Magna: 2002

Average daily purses paid, 2001: $231,393

12. Flamboro Downs

Type: Harness

Location: Hamilton, Ontario

2001 Handle: n/a

2001 Revenues: n/a

Biggest race: $650,000 Confederation Cup

Year bought by Magna: 2002

Average daily purses paid, 2001: $37,968

13. Pimlico

Type: Thoroughbred

Location: Baltimore

2001 Handle: $506.6 million

2001 Revenues: $32.9 million

Biggest race: $1 million Preakness Stakes

Year bought by Magna: 2002

Average daily purses paid, 2001: $235,631

14. Laurel Park

Type: Thoroughbred

Location: Laurel

2001 Handle: $400.7 million

2001 Revenues: $22.2 million

Biggest race: $300,000 Frank J. DeFrancis Memorial Dash

Year bought by Magna: 2002

Average daily purses paid, 2001: $189,201

Source: Magna Entertainment Corp., Maryland Jockey Club, Securities and Exchange Commission filings.

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