Magna Entertainment Corporation

GPTKB entity

Statements (50)
Predicate Object
gptkbp:instance_of gptkb:Company
gptkbp:bfsLayer 5
gptkbp:bfsParent gptkb:Stronach_Group
gptkbp:acquired Various investors
gptkbp:acquisition Various racetracks
gptkbp:associated_with Horse racing industry
gptkbp:brand High in horse racing community
gptkbp:business_model gptkb:Company
Racetrack ownership and operation
gptkbp:community_involvement Local sponsorships
gptkbp:competitors gptkb:Churchill_Downs_Inc.
gptkbp:dissolved gptkb:2009
gptkbp:employees 500+
gptkbp:financial_products Bankrupt
gptkbp:founded gptkb:1999
gptkbp:founder gptkb:Frank_Stronach
gptkbp:headquarters gptkb:Aurora,_Ontario
gptkb:Aurora,_Ontario,_Canada
gptkbp:historical_significance Pioneered racetrack ownership model.
https://www.w3.org/2000/01/rdf-schema#label Magna Entertainment Corporation
gptkbp:industry gptkb:musical
Horse racing events and facilities
gptkbp:investment North American horse racing
Decreased significantly post-2005
gptkbp:key gptkb:Woodbine_Racetrack
gptkbp:key_people gptkb:Frank_Stronach
gptkbp:legal_issue Bankruptcy proceedings
gptkbp:location gptkb:North_America
gptkbp:market_cap $200 million (2005)
gptkbp:marketing_strategy Diversification in entertainment
gptkbp:net_worth $10 million (2005)
$5 million (2005)
gptkbp:notable_event Bankruptcy filing in 2009
gptkbp:parent_company gptkb:Magna_International
gptkbp:part_of gptkb:Magna_International_Inc.
gptkbp:partnerships Various racetracks
gptkbp:previous_name gptkb:Magna_Entertainment_Corp.
gptkbp:products Horse racing
gptkbp:region gptkb:Native_American_tribe
gptkbp:related_to Horse racing tracks
gptkbp:revenue $100 million (2005)
Declined post-2005
gptkbp:services Horse racing events
gptkbp:stock_exchange gptkb:NASDAQ
gptkbp:subsidiary gptkb:Woodbine_Entertainment_Group
gptkbp:successor Various entities
gptkbp:symbol gptkb:MEC
gptkbp:type gptkb:Company
gptkbp:website www.magnaent.com
gptkbp:year Fiscal year ending December 31