Magna Entertainment Corp. must establish a stronger balance sheet before it considers expansion or the acquisition of other racing and gaming properties, said Thomas Hodgson, the newly appointed ...

MEC’s slide arguably started in 2012, when it dropped the word “co-op” from its marketing and adopted a rule to disqualify board of director candidates that the board felt weren’t up to ...

MEC’s board has said that they tried to refinance the co-op’s debt, and began exploring a sale when they were unable to do so. The special committee also tried unsuccessfully to merge with or ...