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  • Philanthropist sire of Rob the Cradle 1st Alw (May 23, 2nd WO). Owner, Andrews, Denny and Paradox Farms Inc.; Breeder, Gardiner Farms Limited...
  • Bustin Stones sire of Bustinattheseams 1st Mdn (May 23, 2nd BEL). Owner, Bourque Goldstein Thoroughbreds LLC; Breeder, Eaton & Thorne, Inc....
  • Posse sire of Parody 1st Alw (May 23, 4th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Don Mattox & Pam Mattox...
  • City Weekend sire of City Sweets 1st Mdn (May 23, 3rd IND). Owner, Mast Thoroughbreds LLC; Breeder, Robert Gorham & Mast Thoroughbreds LLC...
  • Proud Citizen sire of Citizen Kat 1st Alw (May 23, 7th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Mark Reid & Charles Zacney...
  • Medaglia d'Oro sire of Dealer 1st Alw (May 23, 8th CT). Owner, Coleswood Farm, Inc.; Breeder, Family Broodmare, LLC...
  • Strut the Stage sire of Head Honcho 1st Alw (May 23, 7th WO). Owner, Annecchini and D'Alimonte Holdings Inc. and Kingfield Farm; Breeder, William D. Graham...
  • Hard Spun sire of Gleaning 1st Mdn (May 23, 4th PID). Owner, Robert T. Manfuso; Breeder, Nursery Place & Robert T. Manfuso...
  • Yankee Gentleman sire of Little Dale 1st Alw (May 23, 7th BEL). Owner, Vaccarezza, Priscilla, Amante, Anthony and Garrity, Christine; Breeder, Philip Birsh...
  • Include sire of Window Boy 1st Grover (Buddy) Delp Memorial S. (May 23, 8th DEL). Owner, Luis Arenas; Breeder, Shelby Lane Farm Inc. & IncludeSyndicate...
  • Luftikus sire of Joyful Kiss 1st Alw (May 23, 7th CT). Owner, Winfred L. Hess, Jr.; Breeder, Ann M. Casey...
  • Jazil sire of Love Me Good 1st Mdn (May 23, 2nd PID). Owner, Sheltowee Farm and Blazing Meadow Farm; Breeder, Sheltowee Farm...
  • Mancini sire of Ride Around Sally 1st Alw (May 23, 6th IND). Owner, Joe Uliano; Breeder, Spade Stable...
  • Indian Charlie sire of Nechez Dawn 1st Alw (May 23, 7th AP). Owner, Tresner, Coby and Matsas, Alex; Breeder, B. P. Walden Jr., Hargus Sexton & SandraSexton...
  • Petionville sire of Wups 1st Thoroughbred Maiden Derby (May 23, 9th BOI). Owner, Paul Treasure; Breeder, Michael Iavarone...
  • Hard Spun sire of Ribbon Taffy 1st Mdn (May 23, 5th IND). Owner, Pucek, John Paul and Marcinek, Paige; Breeder, Matthew R. Herbener...

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Borgemenke says Magna not yet committed to slots referendum

Posted: Tuesday, March 18, 2008 10:09 PM

by John Scheinman

Magna Entertainment Corp. Executive Vice President of Racing Scott Borgemenke on Monday said the company has not yet committed to backing a slot-machine referendum that will go before Maryland voters in November.
 
The referendum, if passed, earmarks 33% of revenue to slot-machine operators and approximately $90-million a year to purses, while also supporting the Maryland-bred fund.
 
Magna, however, has not yet said it will advocate passage of the referendum or even bid for a slots license if it does pass. Chairman Frank Stronach and other company officials remain unhappy that Laurel Park was not automatically named a site licensee when the state legislature approved the referendum in a special session last November.
 
“The slot proposal as passed allows for something within 60 square miles,” said Borgemenke, who was hired by Magna on January 28. “Do we want something more site-specific? Sure, but that’s not going to happen,”
 
Although the Maryland Thoroughbred Horsemen’s Association and, recently, the Maryland State Teachers Association have vowed to fight to help pass the referendum, Borgemenke said Magna would like to see a more unified front going forward.
 
“No one has really given us a business plan yet, what it’s going to cost to win the campaign,” Borgemenke said. “Somebody needs to put together a plan and a timeline of how and when it will be put into affect. I think we’re in good shape to bid [on a slots license], but we’d like some support.”
 
Borgemenke made his comments after a closed session before the Maryland Racing Commission at Laurel Park, where he and former CEO Tom Hodgson, now a consultant for the company, detailed Magna’s finances and business strategy.
 
“Do I think we are leaning toward being supportive? Yes, I do,” Borgemenke said. “I would be less that honest with you if I said we are on board.”
 
Borgemenke hinted that Magna could make a major announcement in May, when Maryland becomes the focus on horse racing for the Preakness Stakes (G1). He said nothing has been decided, however, and did not wave away the possibility Laurel Park might be sold.
 
“It’s not something we’re committed to now,” he said of selling the track, “but I’ve heard that.”

John Scheinman is a Maryland-based Thoroughbred Times correspondent

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