March 6, 2009 |
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.
December 20, 2007 |
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.
September 14, 2007 |
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.
May 2, 2006 |
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."