Bankruptcy judge approves Magna Entertainment financing

CJBK – A bankruptcy judge on Monday agreed to grant final approval of a modified financing plan for horse-track owner Magna Entertainment Corp. (TSX:MEC.A).

Ontario-based Magna Entertainment is the largest horse track owner in the United States. Its holdings include Golden Gate Fields in Northern California, Gulfstream Park in Florida, Lone Star Park in Texas and Baltimore’s Pimlico racetrack – host of the Preakness Stakes, the second leg of the Triple Crown.

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