Will MD Tracks Purchase Be A Runaway Winner For Magna?

Magna Entertainment continues to build upon its vision of becoming a leading North American-destination and at-home entertainment entity by acquiring a majority stake in the MD Jockey Club, which includes Pimlico Race Course and Laurel Park. The deal gives Magna one of the Triple Crown jewels in the Preakness Stakes, as well as plenty of additional dates, all of which will boost the company's planned simulcasting and at-home betting business and its future all-racing television network.

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