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Stronach Acquires Santa Anita, Golden Gate, Pimlico & Laurel

Monday, 4th July 2011

The Stronach Group announced it has “acquired the racing & gaming assets formerly held by MI Developments, as part of a previously announced reorganisation proposal approved by MID shareholders” earlier this year. The assets acquired by The Stronach Group include: Santa Anita Park; Golden Gate Fields; Portland Meadows; MID’s joint venture interests in Maryland Jockey Club’s real estate & racing assets (Pimlico Race Course, Laurel Park & the Bowie Training Center); Gulfstream Park & MID’s joint venture interest in an associated retail development; horseracing technology assets, including Xpressbet, AmTote & MID’s joint venture interest in HRTV, a cable & satellite television network dedicated to the sport of horse racing; as well as various development properties previously owned by MID. Chief executive Belinda Stronach commented: “The acquisition of MID’s racing & gaming assets positions The Stronach Group at th

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