Mi Developments

Penn National Gaming Enters Agreement To Divest Maryland Jockey Club Interest

On Thursday, June 16, Penn National Gaming, Inc. announced that it has entered into a definitive agreement to sell its joint venture interest in the Maryland Jockey Club

MID Shareholders Approve Proposal

MI Developments Inc. today announced that its shareholders have approved the previously announced reorganization proposal to eliminate MID's dual class share structure (the 'Arrangement').

Maryland Racing Wants Three-Year Subsidy

According to a report, on Wednesday, March 16, Maryland horse racing officials said that in order to have the state's racetracks come up with a long-term plan they will need a government subsidy for t...

MID Appoints Avioli Racing & Gaming Division President And CEO

MI Developments Chairman and Chief Executive Officer Frank Stronach announced today that the former Breeders’ Cup Limited President and CEO Greg Avioli, who after a successful five-year stint as its h...

Cordish To File $300M Lawsuit

February 15, 2011

It has been reported that the Cordish Company will today be filing a $300-million lawsuit in regard to the contentious action surrounding its efforts to get its casino approved near the Arundel Mills ...

MD Slot Revenue To Offset Track Overhead?

January 28, 2011

The office of Maryland Governor Martin O'Malley this week proposed legislation which would see proceeds from slots gaming funnelled to the Laurel and Pimlico racetracks for thoroughbreds in order to o...

Stronach To Give Up Control Of MI Developments For Racing, Gaming Interests?

December 22, 2010

It has been reported that Frank Stronach could soon be relinquishing his control over MI Developments in exchange for the company's horse racing, gambling and related assets, and $20 million (U.S.) of...

Down To The Wire In Maryland

December 21, 2010

The case for racing in Maryland in 2011 goes before the Maryland Racing Commission today, with veteran commissioner John Franzone saying he does not have high hopes for resolution of disputes

Maryland T-Bred Race Date Deal Struck?

December 20, 2010

It has been reported that track owner Frank Stronach today said that a verbal agreement which calls for 140 live race dates has been reached for the 2011 thoroughbred season in the State of Maryland. ...

No 2011 Maryland T-Bred Schedule In Place; State Of Preakness Currently Up In Air

November 30, 2010

On Monday, November 29, Maryland's racing commission rejected a plan from racetrack owners which would've seen a total of 47 race dates in 2011 -- roughly one-third of the schedule which was raced in ...

Disagreement Over Tracks In Maryland

November 10, 2010

Agreement to disagree, big time, has broken out in the Maryland horse racing industry

Minor Racing Bids For Horse Racing Assets Of MI Developments

November 09, 2010

Minor Racing LLC today offered to purchase substantially all of the horse racing assets of MI Developments Inc. – including some of the nation’s best-known racetracks – with the intent of leveraging t...

Maryland T-Bred Tracks To Be Saved?

November 09, 2010

Maryland Jockey Club President Tom Chuckas went on the record as saying that Laurel Park would close and racing at Pimlico Racecourse would be drastically reduced