CalTrade Report, Cal;ifornia global, California international, Magna Entertainment Corp., horse racing, casinos, off track betting - CANADIAN RACETRACK BID VOTED DOWN - CalTrade ReportAsia Quake Victims DIXON – 04/26/07 – A plan by Canada-based Magna Entertainment Corp. to build a new horse racing complex in the greater Sacramento area has been voted down by local voters; the proposed 260-acre complex would have eventually included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at the company’s Santa Anita Racetrack, near Los Angeles. - DIXON – 04/26/07 – A plan by Canada-based Magna Entertainment Corp. to build a new horse racing complex in the greater Sacramento area has been voted down by local voters; the proposed 260-acre complex would have eventually included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at the company’s Santa Anita Racetrack, near Los Angeles. - CANADIAN RACETRACK BID VOTED DOWN CalTrade Report, Cal;ifornia global, California international, Magna Entertainment Corp., horse racing, casinos, off track betting - CANADIAN RACETRACK BID VOTED DOWN

Monday, July 16, 2007

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Page Two

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CANADIAN RACETRACK BID VOTED DOWN

DIXON – 04/26/07 – A bid by Canada-based Magna Entertainment Corp. (MEC) to build a new horse racing complex in Northern California has suffered a fatal blow as voters in the small town of Dixon defeated a recent referendum on the proposed 260-acre, multi-use complex.

Voters overturned four separate actions that were previously approved by the Dixon City Council allowing the company’s proposed racetrack and mixed-use development.

MEC had been trying for several years to build a thoroughbred track and training center in the area near California’s high-tech Silicon Valley center.

The proposed complex would have included a second phase that involved the development of entertainment, hotel, commercial, and retail facilities along the lines of developments now under way at MEC's Gulfstream Park in Florida and Santa Anita Racetrack, near Los Angeles.

As part of its attempt to win voter approval for the plan, MEC promised never to add a slot machine casino at the proposed track, even if California reverses current law in the future and approves slot machines at racetracks.

MEC – headquartered in Aurora, Ontario – also owns Golden Gate Fields in San Francisco and operates several off-track betting (OTB) facilities.

The company also operates a national account wagering business, which permits customers to place wagers by telephone and over the Internet on horse races at over 100 North American racetracks and internationally on races in Australia, South Africa, and Dubai, as well as a European-based account wagering business.

In conjunction with its racetrack operations, MEC also owns and operates thoroughbred training centers - San Luis Rey Downs situated near San Diego, the Palm Meadows Training Center in Palm Beach County, Florida, and the Bowie Training Center, near Baltimore, Maryland.

Go back, or read the latest Page Two stories:

LA CHAMBER JOINS EXIM FINANCE PROGRAM

WASHINGTON, DC – 07/10/07 – The Los Angeles Area Chamber of Commerce (LAACOC) has joined a new Export-Import Bank of the US program to offer Los Angeles-based businesses easier access to export financing; the new City-State Partners Program is a nationwide marketing initiative that brings state and local government offices and private-sector organizations into partnerships with the bank’s expand export opportunities.


CAPSTONE SECURES UK, IRELAND AGREEMENT

CHATSWORTH – 06/28/07 – Microturbine energy systems developer Capstone Turbine Corp. has signed a new distribution agreement with UK-based Cogenco to distribute its systems in the United Kingdom and Ireland; earlier this year, Capstone announced a new $1.6 million follow-on order from its distributor in Russia for its C-65 microturbine systems.


CERADYNE OPENS NEW CHINA FACILITY

COSTA MESA – 06/21/07 – Southern California-based ceramics developer Ceradyne Inc. has opened the doors at a new 98,000-square foot production facility in Tianjin, China; the new plant will produce high purity ceramic crucibles for the forming of large poly-silicon ingots for use in the manufacturing of photovoltaic silicon solar cells.


CAL FIRMS IN SINGAPORE DEAL

WASHINGTON, DC – 06/15/07 – Four California-based equipment manufacturers are benefiting from a new $610 million loan guarantee recently approved by the Export-Import Bank of the US (EXIM); the guarantee will finance US-made exports of wafer fabrication equipment to expand a wafer production facility operated by Singapore-headquartered Chartered Semiconductor Mfg. Ltd.


CAL DOGS SNIFF OUT IP PIRATES

LOS ANGELES – 06/04/07 – A pair of highly-trained, three-year-old Labrador Retrievers is being used in Malaysia’s on-going campaign against music and film piracy; the dogs are on loan from the Motion Picture Association of America (MPA) and have already helped officials to uncover more than 1.3 million counterfeit DVDs and CDs worth more than $4.4 million.


ATI INTL. BOUGHT BY CANADIAN SECURITY FIRM

PASADENA – 05/24/07 – Southern California-based ATI International has been acquired by Garda World Security group of Montreal, Canada for a reported $341 million in cash; ATI is the third-largest cash handling services provider in the US with 1,500 vehicles and 7,000 employees in 35 states.





                   


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