km
3rd March 2006, 01:51.17 AM
Magna losing millions on its racing operations. What will be there next move? Dump Santa Anita and Maryland tracks seems likely. Selling the Meadows in PA is a good decision, the high valuation is due to licensing of the future racino - but the $225 million price is a high risk gamble for the buyer.
http://www.thoroughbredtimes.com/todaysnews/newsview.asp?recno=62466&subsec=1
http://www.thoroughbredtimes.com/todaysnews/newsview.asp?recno=62466&subsec=1