Magna Entertainment Corporation
Key facts
Magna Entertainment Corporation337 Magna Drive, Aurora, Ontario L4G 7K1, CANFax: 1 905 726 2585http://www.magnaent.com Toronto ticker: MEC
NASDAQ National Market ticker: MECA
No. employees: 5300
Turnover: 625,715,000 (USD)
Financial year end: December
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Company overview
Magna Entertainment (MEC) acquires, develops and operates horse racetracks and related pari mutuel wagering operations. The company is headquartered in Aurora, Canada and employs about 5,300 people.
*The company recorded revenues of $625.7 million during the fiscal year ended December 2007, an increase of 9% over 2006. The net loss was $113.8 million in fiscal year 2007, as compared to the net loss of $87.4 million in 2006.
*Unaudited results
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