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Magna to be delisted from Nasdaq

Magna to be delisted from Nasdaq

Horse track operator Magna Entertainment Corp. says its shares will be delisted from the Nasdaq market after the company filed for court protection from creditors.
The largest horse track in the U.S. said Tuesday trading of its class A subordinate voting shares will be suspended at the opening of business on March 16.
Aurora, Ontario-based Magna Entertainment's holdings include Pimlico Race Course in Baltimore, home to the Preakness, the second leg of the Triple Crown. Magna also owns Laurel Race Course in Maryland, Santa Anita in Arcadia, California, and Golden Gate Fields in the San Francisco Bay area, as well as casinos and pari-mutuel wagering operations.
Magna Entertainment, a spinoff of auto parts giant Magna International, is working to sell assets under a major reorganization.


Updated : 2021-02-27 09:43 GMT+08:00