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Magna Entertainment Corp. (MEC), owner of Santa Anita Park, has filed for Chapter 11 bankruptcy protection. Santa Anita Park may be sold to pay off Magna's debts. Frank Stronach paid $126 million for Santa Anita Park in 1996. The track has three potential buyers, including a group from Asia.

https://arcadiahistory.andornot.com/en/permalink/newspaper31399
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
Subjects
Bankruptcy
Economy
Magna Entertainment Corp. (MEC)
Santa Anita Park - 2001-2010
Item ID
31592AN
Collection
Newspaper Index
Less detail

The Oak Tree Racing Association lost its lease to operate its fall horse racing meet at Santa Anita Park. Oak Tree has operated a fall meet at the track since 1969. Due to bankruptcy restructuring, Frank Stronach's company MI Developments took control of Santa Anita Park from Stronach's Magna Entertainment Corp (MEC). MI Developments wants to negotiate a new lease agreement with Oak Tree for fall racing.

https://arcadiahistory.andornot.com/en/permalink/newspaper32062
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32259AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp., owner of Santa Anita Park race track, which is in bankruptcy reorganization hearings, filed a plan that would cancel its 2005 agreement with Rick Caruso to develop the 830,000 square feet Shops at Santa Anita on the race track's south parking lot. Caruso filed an objection to the move in bankruptcy court, citing "substantial economic harm" to Santa Anita Associates, LLC, the legal entity that was going to develop the project. Santa Anita LLC has so far invested over $25 million to the project's development. Caruso is committed to developing the project in Arcadia. If the contract is indeed terminated between the parties, Magna would have to start from scratch with new plans, new environmental impact reports, and new hearings to propose another development.

https://arcadiahistory.andornot.com/en/permalink/newspaper31978
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
Subjects
Caruso, Rick
Magna Entertainment Corp.
Santa Anita Associates, LLC
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Item ID
32175AN
Collection
Newspaper Index
Less detail

Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32030
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32227AN
Collection
Newspaper Index
Less detail

Since Magna Entertainment Corp., the owner of Santa Anita Park, has filed for Chapter 11 bankruptcy. The race track will be auctioned off in September. That land is zoned for horse racing. Jason Kruckeberg, Arcadia's Development Services Director, said it will remain as a race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31453
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
Subjects
Auctions
Bankruptcy
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31646AN
Collection
Newspaper Index
Less detail

Santa Anita Park race track president Ron Charles discusses drainage problems in the Cushion Track and promises that opening day will go on as scheduled.

https://arcadiahistory.andornot.com/en/permalink/newspaper30850
Newspaper
Pasadena Star News
Date
December 15, 2007
Pages
p. Sports 1
More detail
Newspaper
Pasadena Star News
Date
December 15, 2007
Pages
p. Sports 1
Subjects
Charles, Ron
Cushion Track
Santa Anita Park - 2001-2010
Item ID
31038AN
Collection
Newspaper Index
Less detail

Santa Anita Park's parent company, Magna Entertainment Corp., faces the threat of bankruptcy amid mounting losses and a $600 million debt burden. The current racing season and status are unaffected. Frank Stronach of Magna Entertainment Corp. said he was looking for partners for the track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31390
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
Subjects
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31583AN
Collection
Newspaper Index
Less detail

Since he purchased Santa Anita Park in 1998, Frank Stronach has added five tracks to his stable and grouped them under a spin off company called Magna Entertainment Corp.

https://arcadiahistory.andornot.com/en/permalink/newspaper18585
Newspaper
Pasadena Star News
Date
March 13, 2000
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
March 13, 2000
Pages
p. A1
Subjects
Stronach, Frank
Santa Anita Park
Magna Entertainment Corp.
Item ID
18829AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp, owner of Santa Anita Park, is the plaintiff in a lawsuit filed against the State of California. The lawsuit alleges that the compacts between Governor Schwarzenegger and five Indian tribes is illegal.

https://arcadiahistory.andornot.com/en/permalink/newspaper29137
Newspaper
Pasadena Star News
Date
September 18, 2004
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
September 18, 2004
Pages
p. A3
Subjects
Magna Entertainment Corp.
Santa Anita Park
Lawsuits
Gaming
Slots
Native American tribes
Item ID
29322AN
Collection
Newspaper Index
Less detail

Employees at Santa Anita Park fear bankruptcy of its parent company Magna Entertainment Corp (MEC). Chairman Frank Stronach said the horsemen would not have to worry about any of their monies. Paymaster accounts total $11 million at Santa Anita Park. The accounts contain money earmarked for winning owners, who must pay a percentage of those earnings to jockeys and trainers. Magna Entertainment Corp. has lost $500 million in the past 5 years.

https://arcadiahistory.andornot.com/en/permalink/newspaper31396
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Magna Entertainment Corp (MEC)
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31589AN
Collection
Newspaper Index
Less detail

Santa Anita Park president Ron Charles has announced it will continue to race on its Cushion Track this season. It will undergo some reformulation with polymer and fibers produced by Pro-Ride, an Australian company, so that it will drain properly.

https://arcadiahistory.andornot.com/en/permalink/newspaper30890
Newspaper
Pasadena Star News
Date
January 16, 2008
Pages
p. Sports 1
More detail
Newspaper
Pasadena Star News
Date
January 16, 2008
Pages
p. Sports 1
Subjects
Charles, Ron
Cushion Track
Horse racing
Santa Anita Park - 2001-2010
Item ID
31078AN
Collection
Newspaper Index
Less detail

The movie Seabiscuit concludes filming at Santa Anita Park race track this week. A photo shows Arcadia Mayor Gail Marshall, with Arlene Marshall, Ron Kourg and Carl Cobb.

https://arcadiahistory.andornot.com/en/permalink/newspaper30768
Newspaper
Arcadia Weekly
Date
December 19, 2002
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
December 19, 2002
Pages
p. 1
Subjects
Cobb, Carl
Hillenbrand, Laura
Kourg, Ron
Marshall, Arlene
Marshall, Gail
Santa Anita Park - 2001-2010
Seabiscuit - Film
Universal Studios
Item ID
30956AN
Collection
Newspaper Index
Less detail

Although Magna Entertainment Corp. (MEC) , the parent company of Santa Anita Park race track, filed for bankruptcy protection yesterday, the fate of the track's paymaster accounts remains uncertain. The bankruptcy judge could declare the $15 million, which was placed in the joint trust account, an asset of MEC and order it frozen.

https://arcadiahistory.andornot.com/en/permalink/newspaper31404
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
Subjects
Bankruptcy
Magna Entertainment Corp. (MEC)
Santa Anita Park 2001-2010
Item ID
31597AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso, whose stalled $500 million, 820,000 square feet retail project "The Shops at Santa Anita," is planned for Santa Anita Park's south parking lot, said he has "no control" over possible bankruptcy at the race track's parent company, Magna Entertainment Corp. (MEC). Caruso said he was still planning to go ahead with his mall and would "wait and see what happens and deal with it." Any reorganization at Magna Entertainment Corp. may delay the mall plans.

https://arcadiahistory.andornot.com/en/permalink/newspaper31397
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Caruso, Rick
Developers
Land use
Magna Entertainment Corp. (MEC)
Malls
Santa Anita Park - 2001-2010
The Shops at Santa Anita
Item ID
31590AN
Collection
Newspaper Index
Less detail

Ron Charles, 61, who has been president of Santa Anita Park for 5 1/2 years, is resigning. His final day is today. General Manager George Haines will take over as interim president while MI Developments (MID) searches for a replacement.

https://arcadiahistory.andornot.com/en/permalink/newspaper32063
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A1
Subjects
Charles, Ron
MI Developments (MID)
Santa Anita Park--2001-2010
Item ID
32260AN
Collection
Newspaper Index
Less detail

Santa Anita Park: horses must get OK of veterinarian team to race. This is a joint effort between the California Horse Racing Board and Santa Anita Park to enhance safety measures and reviews to further protect horses. Twenty-nine horses have died at Santa Anita Park since December 26.

https://arcadiahistory.andornot.com/en/permalink/newspaper35527
Newspaper
Pasadena Star News
Date
June 13, 2019
Pages
p. A1, A5
More detail
Newspaper
Pasadena Star News
Date
June 13, 2019
Pages
p. A1, A5
Subjects
California Horse Racing Board (CHRB)
Euthanasia
Horses and horse racing
Newsom, Gavin (Governor of California)
Santa Anita Park-2011-2020
Stronach Group
Collection
Newspaper Index
Less detail

Another horse dies at Santa Anita Park, the twenty-sixth fatality since December 26. Kochees, a 9-year-old gelding, injured in Saturday's sixth race, had to be euthanized.

https://arcadiahistory.andornot.com/en/permalink/newspaper35517
Newspaper
Pasadena Star News
Date
May 27, 2019
Pages
p. A1, A12
More detail
Newspaper
Pasadena Star News
Date
May 27, 2019
Pages
p. A1, A12
Subjects
Euthanasia
Horses and horse racing
Santa Anita Park-2011-2020
Collection
Newspaper Index
Less detail

The California Horse Racing Board authorized Oak Tree Racing Association to have its traditional fall meet at another thoroughbred venue in Southern California since the association's use of Santa Anita Park is still uncertain. MI Developments, which is chaired by Frank Stronach, recently voided Oak Tree's contract after acquiring the race track from Stronach's Magna Entertainment Corp (MEC) through federal bankruptcy proceedings. Oak Tree's director Sherwood Chillingworth said, "If we can't make a deal with Santa Anita...we can take our dates and run them in Hollywood or Del Mar."

https://arcadiahistory.andornot.com/en/permalink/newspaper32070
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32267AN
Collection
Newspaper Index
Less detail

Racing improprieties and cheating alleged at Santa Anita Park. "Sponging" speculations are causing an increase in security policies at Santa Anita Park. Fist-sized sponges have been allegedly placed in horses' nostrils to impede their breathing capabilities, and thus, their chances of winning.

https://arcadiahistory.andornot.com/en/permalink/newspaper33409
Newspaper
Arcadia Weekly
Date
November 29, 2001
Pages
p. 1, 8
More detail
Newspaper
Arcadia Weekly
Date
November 29, 2001
Pages
p. 1, 8
Subjects
Santa Anita Park--2001-2010
Item ID
33605AN
Collection
Newspaper Index
Less detail

More than $1.2 million was bet across the state in the first 11 days that computer and telephone betting was approved in this state. It is known as account wagering. There is no way of telling yet if this is affecting attendance and live betting at Santa Anita Park. Two providers of online betting, XpressBet and TV Games, where approved by the California Horse Racing Board. Xpress Bet is owned by Magna Corp., which owns Santa Anita Park.

https://arcadiahistory.andornot.com/en/permalink/newspaper33441
Newspaper
Arcadia Weekly
Date
February 14, 2002
Pages
p. 9
More detail
Newspaper
Arcadia Weekly
Date
February 14, 2002
Pages
p. 9
Subjects
Gambling
Horses and horse racing
Santa Anita Park-2001-2010
Item ID
33637AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.