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Latest Frank Stronach Stories

2011-06-30 15:34:00

AURORA, ON, June 30, 2011 /PRNewswire/ - The Stronach Group today announced that it has acquired the racing and gaming assets formerly held by MI Developments Inc. (MID) (NYSE: MIM) as part of a previously announced reorganization proposal approved by MID shareholders on March 29, 2011. The racing and gaming assets acquired by The Stronach Group include: Santa Anita Park; Golden Gate Fields; Portland Meadows; MID's joint venture interests in Maryland Jockey Club's real estate and...

2009-02-25 20:05:00

AURORA, ON, Feb. 25 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or "the Company") (NASDAQ: MECA; TSX: MEC.A) today announced that Mr. Anthony Campbell has stepped down as a director of MEC, effective immediately. Frank Stronach, Chairman and Chief Executive Officer of MEC, stated: "Tony has our gratitude and best wishes for success in all his future endeavors." ABOUT MEC MEC, North America's largest owner and operator of horse racetracks, based on revenue, develops, owns and...

2009-02-04 14:33:00

AURORA, ON, Feb. 4 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or "the Company") (NASDAQ: MECA; TSX: MEC.A) announced that it has arranged for the funding of the specified license fee of $28.5 million (the "Initial License Fee") to the account of MEC's subsidiary, Laurel Racing Assoc., Inc. ("Laurel Racing"), in connection with the February 2, 2009 application by Laurel Racing for a Video Lottery Operation License ("VLT License") in Anne Arundel County. The Initial License Fee...

2009-02-02 21:39:00

AURORA, ON, Feb. 2 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or "the Company") (NASDAQ: MECA; TSX: MEC.A) announced that it has applied today, through Laurel Racing Assoc., Inc. ("Laurel Racing"), one of its wholly-owned subsidiaries, to the Maryland VLT Facility Location Commission (the "Commission") for a Video Lottery Operation License (the "VLT License") to operate 4,750 VLTs at Laurel Park in Anne Arundel County, Maryland (the "Laurel VLT Facility"). While MEC has...


Word of the Day
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'