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DRF Staff|Feb 14, 2008

The Nasdaq Stock Market Listing has advised Magna Entertainment Corp., the racetrack operator that has lost $400 million over the past 3 1/2 years, that the company's stock is in danger of being delisted because its price has been below $1 for 30 consecutive business days. Magna's stock will need to trade above $1 for 10 consecutive business days between now and Aug. 11 for the stock to remain on the listing. . . . The Jockey Club's 2008 Online Fact Book, available as of Thursday, shows that United States purse money increased 5.4 percent in 2007 to a record $1,180,587,881, even though total handle declined 0.4 percent to $14,724,681,108. The Online Fact Book, which also includes statistics on Thoroughbred breeding and sales activity, is available at the organization's website, , under the "Publications and Resources" button.

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