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Agreement Made Regarding Slots Revenue at Gulfstream Park

Magna Entertainment Corp., owner of Gulfstream Park, and the Florida Horsemen Benevolent and Protective Association announce that they have come to an agreement on the revenue distribution that horsemen will receive when slots become operational at the Hallandale Beach racetrack. Plans call for 500 Las Vegas-style slot machines to be installed and operational at Gulfstream by early fall.  “We have come a long way over the past several months and in the process have gained a better understanding of each other’s views regarding the future of our industry,” said MEC Chairman Frank Stronach.

Paul Micucci, who took the posts of Gulfstream Park President and General Manager almost exactly two months ago (May 15), said, “These negotiations have deepened my understanding of the concerns the horsemen have for the future. Through the years Gulfstream has built a very good relationship with horsemen and it’s my hope that this agreement assures them that our relationship will remain strong. “This

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