CalTrade Report, Cal;ifornia global, California international, Magna Entertainment Corp., horse racing, casinos, off track betting - CANADIAN RACETRACK BID VOTED DOWN - CalTrade ReportAsia Quake Victims DIXON – 04/26/07 – A plan by Canada-based Magna Entertainment Corp. to build a new horse racing complex in the greater Sacramento area has been voted down by local voters; the proposed 260-acre complex would have eventually included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at the company’s Santa Anita Racetrack, near Los Angeles. - DIXON – 04/26/07 – A plan by Canada-based Magna Entertainment Corp. to build a new horse racing complex in the greater Sacramento area has been voted down by local voters; the proposed 260-acre complex would have eventually included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at the company’s Santa Anita Racetrack, near Los Angeles. - CANADIAN RACETRACK BID VOTED DOWN CalTrade Report, Cal;ifornia global, California international, Magna Entertainment Corp., horse racing, casinos, off track betting - CANADIAN RACETRACK BID VOTED DOWN

 
Wednesday, January 07, 2009

 

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Page Two

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CANADIAN RACETRACK BID VOTED DOWN

DIXON – 04/26/07 – A bid by Canada-based Magna Entertainment Corp. (MEC) to build a new horse racing complex in Northern California has suffered a fatal blow as voters in the small town of Dixon defeated a recent referendum on the proposed 260-acre, multi-use complex.

Voters overturned four separate actions that were previously approved by the Dixon City Council allowing the company’s proposed racetrack and mixed-use development.

MEC had been trying for several years to build a thoroughbred track and training center in the area near California’s high-tech Silicon Valley center.

The proposed complex would have included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at MEC's Gulfstream Park in Florida and Santa Anita Racetrack, near Los Angeles.

As part of its attempt to win voter approval for the plan, MEC promised never to add a slot machine casino at the proposed track, even if California reverses current law in the future and approves slot machines at racetracks.

MEC – headquartered in Aurora, Ontario – also owns Golden Gate Fields in San Francisco and operates several off-track betting (OTB) facilities.

The company also operates a national account wagering business, which permits customers to place wagers by telephone and over the Internet on horse races at over 100 North American racetracks and internationally on races in Australia, South Africa, and Dubai, as well as a European-based account wagering business.

In conjunction with its racetrack operations, MEC also owns and operates thoroughbred training centers - San Luis Rey Downs situated near San Diego, the Palm Meadows Training Center in Palm Beach County, Florida, and the Bowie Training Center, near Baltimore, Maryland.

Go back, or read the latest Page Two stories:

DISNEY TO LAUNCH TV CHANNEL IN RUSSIA

BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.


GOLDEN SPOON ENTERS THE GLOBAL MARKET

RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.


PORT OF STOCKTON EXPANDS ITS FTZ

STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.


NETSUITE GOES LIVE IN SINGAPORE

SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.


CHINA’S TASTE FOR CAL WINE GROWS

SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.


SANDISK REJECTS SAMSUNG ACQUISITION BID

MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."



 

 

 

 

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