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Santa Anita Racetrack

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BUSINESS
March 6, 2009 | Hanah Cho and Roger Vincent
Magna Entertainment Corp., the troubled owner of Santa Anita Park in Arcadia and six other major thoroughbred horse racing venues, filed for bankruptcy protection Thursday after defaulting on conditions of a bank loan. The move puts pressure on the Canadian company to sell its storied racetracks, which also include Pimlico Race Course in Baltimore, home of the Preakness Stakes. Magna's financial problems are long-standing.
ARTICLES BY DATE
OPINION
March 19, 2012
HBO did the right thing in shutting down production on"Luck" last week after the death of a third horse being used for filming. The series, which has been critically acclaimed for its gritty, up-close look at life at a racetrack, was created by David Milch, a longtime lover of horses and racing, and filmed at Santa Anita Park employing numerous safety protocols, according to HBO officials and Rick Arthur, the equine medical director of the California...
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BUSINESS
September 14, 2007 | Roger Vincent, Times Staff Writer
The Canadian owner of Santa Anita Park may put the famous horse-racing venue in Arcadia up for sale as it struggles to be profitable in the troubled racing industry. Magna Entertainment Corp., which has owned Santa Anita for almost a decade, announced Thursday that it planned to sell several assets and perhaps issue new stock in the hope of eliminating as much as $700 million worth of debt. The Aurora, Ontario-based company said it would sell real estate in Maryland, Florida, Ohio and Oregon.
CALIFORNIA | LOCAL
November 8, 2009 | Alison Bell
A plaque near the entrance on the sprawling grounds of the Santa Anita racetrack is the sole reminder of the track's place in World War II history as the nation's largest assembly center for Japanese Americans on their way to internment camps. Although the prestigious Breeders' Cup World Championships unfolded Friday and Saturday at the landmark racetrack, 67 years ago a darker chapter unfolded at the site. The horses were moved out, the track was shut down and the park's extensive grounds provided the massive space needed by the War Department to temporarily house thousands of people of Japanese decent.
BUSINESS
November 13, 1996
Apollo Real Estate Advisors II, an investment group that includes financier Leon Black and Newport Beach real estate mogul Donald Koll, raised its stake in Santa Anita Cos. to 8.5% from 7%. Santa Anita, which owns and operates the Santa Anita racetrack, is actually two enterprises whose shares are "paired" on the NYSE. Apollo, which last month offered to buy a 55% of Santa Anita, purchased 163,400 paired shares at $19.50 to $25.28 each. Santa Anita lost 12.5 cents to close at $26.25.
CALIFORNIA | LOCAL
January 4, 2006
Teary-eyed jockeys, trainers and grooms gathered at the Santa Anita racetrack winner's circle and 24,000 spectators choked back emotions as taps were played for racing immortal George Woolf, 36, who died two days earlier after being thrown from his mount, Please Me. Woolf won the first three Hollywood Gold Cups on Seabiscuit, Kayak II and Challedon. He also won the first Santa Anita Handicap aboard Azucar.
BUSINESS
March 23, 1995 | Times Staff and Wire Reports
Racetrack Firm Seeks Tax Breaks for Expansion: Santa Anita Cos. said it filed an application for tax breaks with the city of Arcadia as the company seeks to develop its Santa Anita Racetrack property into a gaming and entertainment complex. The plans for the development include movie theaters, live performance sites, virtual reality theaters, specialty retail shops, restaurants, a sports bar and an ice skating rink.
CALIFORNIA | LOCAL
June 27, 2000
Santa Anita racetrack was named Monday as one of the 11 most endangered historic sites by the National Trust for Historic Preservation. At a news conference across the street from the track, Linda Dishman, the conservancy's executive director, said a proposal by the new owner to make major changes at the track "would obliterate everything you see . . . for a Caesar's Palace facade and a wild hokey town."
CALIFORNIA | LOCAL
August 9, 1995
Santa Anita Park racetrack owners are gambling that a proposed Irwindale card club will help add to revenues from horse racing. Tuesday, Santa Anita officials signed a deal to finance the construction of Irwindale Palace Casino, just off the San Gabriel (605) Freeway. The casino would be the San Gabriel Valley's first card club. Arcadia's Santa Anita Park would become the majority owner if the Legislature changes a law banning publicly traded companies from owning casinos.
BUSINESS
August 6, 1998 | JESUS SANCHEZ, TIMES STAFF WRITER
The fate of the legendary Santa Anita racetrack in Arcadia remained up in the air following a sudden management shake-up at its corporate parent, Meditrust Cos., industry observers said Wednesday. Meditrust, a giant real estate investment trust, and Santa Anita Cos. merged late last year in a $383-million deal that was motivated primarily by the substantial tax savings generated by Santa Anita's unique corporate structure. Meditrust adopted that corporate structure following the merger.
BUSINESS
March 6, 2009 | Hanah Cho and Roger Vincent
Magna Entertainment Corp., the troubled owner of Santa Anita Park in Arcadia and six other major thoroughbred horse racing venues, filed for bankruptcy protection Thursday after defaulting on conditions of a bank loan. The move puts pressure on the Canadian company to sell its storied racetracks, which also include Pimlico Race Course in Baltimore, home of the Preakness Stakes. Magna's financial problems are long-standing.
SPORTS
December 20, 2007 | Larry Stewart, Times Staff Writer
The rain that played havoc with commuters Tuesday wasn't kind to workers at the Santa Anita racetrack either. Six days before the Arcadia facility is scheduled to begin its prestigious winter meet, with some 2,000 horses participating, the main track remains closed for training while crews work to renovate the new synthetic track to rectify a drainage problem. Veteran horse racing observers are calling the situation unprecedented.
BUSINESS
September 14, 2007 | Roger Vincent, Times Staff Writer
The Canadian owner of Santa Anita Park may put the famous horse-racing venue in Arcadia up for sale as it struggles to be profitable in the troubled racing industry. Magna Entertainment Corp., which has owned Santa Anita for almost a decade, announced Thursday that it planned to sell several assets and perhaps issue new stock in the hope of eliminating as much as $700 million worth of debt. The Aurora, Ontario-based company said it would sell real estate in Maryland, Florida, Ohio and Oregon.
SPORTS
May 2, 2006 | Lonnie White, Times Staff Writer
If you've been to Santa Anita racetrack but never met Eddie Logan, it's your loss. Today, Logan will turn 96, and he'll celebrate his birthday the way he lives every other day, with style, class and dignity, a heavy dose of common sense and some funny lines. "They call me the foot man," said Logan, who has run a shoeshine stand and sold Racing Forms and programs at Santa Anita since the track opened on Christmas Day 1934. "Give me leather and I get together."
CALIFORNIA | LOCAL
January 4, 2006
Teary-eyed jockeys, trainers and grooms gathered at the Santa Anita racetrack winner's circle and 24,000 spectators choked back emotions as taps were played for racing immortal George Woolf, 36, who died two days earlier after being thrown from his mount, Please Me. Woolf won the first three Hollywood Gold Cups on Seabiscuit, Kayak II and Challedon. He also won the first Santa Anita Handicap aboard Azucar.
CALIFORNIA | LOCAL
June 27, 2000
Santa Anita racetrack was named Monday as one of the 11 most endangered historic sites by the National Trust for Historic Preservation. At a news conference across the street from the track, Linda Dishman, the conservancy's executive director, said a proposal by the new owner to make major changes at the track "would obliterate everything you see . . . for a Caesar's Palace facade and a wild hokey town."
CALIFORNIA | LOCAL
April 12, 1996
The fire marshall and several police officers were clued in, but the Arcadia Planning Commission said it "did not anticipate" the enormous turnout that forced planners to cancel Wednesday night's general plan meeting, officials said. When residents showed up to the public hearing, several police and fire officials were present to make sure the 200-capacity planning room was not overcrowded, said resident Patricia Grannis.
CALIFORNIA | LOCAL
June 26, 2000 | RICHARD WINTON, SPECIAL TO TIMES
Because it is facing a major face lift, Santa Anita racetrack in Arcadia will be named today by the National Trust for Historic Preservation as one of the country's most endangered historic places. The trust will place the 66-year-old Santa Anita Park on its annually issued endangered list, along with 10 other sites such as Valley Forge National Historic Park in Pennsylvania and Abraham Lincoln's retreat in Washington, D.C.
CALIFORNIA | LOCAL
October 27, 1999 | From a Times Staff Writer
The owners and operators of the Santa Anita Park racetrack in Arcadia were fined $150,000 Tuesday for discharging at least 15,000 gallons of animal waste and other material into a channel that flows into the Los Angeles River. The violation was discovered when a county public works inspector, who was working on the channel, saw the discharge, videotaped it and presented it to the Los Angeles Regional Water Quality Control Board.
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