Pimlico Race Course and Laurel Park dropped in value last year according to a Securities and Exchange Commission filing this week. The filing by bankrupt owner Magna Entertainment Corp. said that the company’s audit committee approved a $136 million write-down ...

Tagged with: bankrupt Bankruptcy horses Laurel Laurel Park Pimlico Race Course racing

Magna, the company that owns Laurel and Pimlico race tracks and filed for bankruptcy last week, received notice its stock will be de-listed from the Nasdaq Stock Market on March 16. Ontario-based Magna, which last week was notified it would ...

Tagged with: horses Pimlico Race Course Stocks

Wading through some of Magna’s court documents associated with Thursday’s bankruptcy filing, the financial state (or peril) of the company that owns Laurel and Pimlico is coming more clearly into focus. Some Maryland-related tidbits from a 55-page document filed by ...

Tagged with: horses Pimlico Race Course