Magna filings feature bankruptcy advisor

[Suffolk Shippers]

Originally Posted by Scav

If you listened to Churchill's Quarterly report, supposedly they are in a position to grow and their last couple of quarters have been strong. But it was very salesly, like all quarterly reports

I doubt the SEC would allow them to buy up Magna though as they would be a major stronghold on the industry.

Maybe not buy up Magna entirely, but at least they could attain key pieces, say the Maryland properties. CD/Magna could always argue the Sirius/XM satellite radio line. That being, the horse racing industry is not a singular market, but part of a wider gaming market that includes casinos, table gaming, other pari-mut entities, slot parlors, etc. Just like Sirius argues that satellite radio was not their own market but more of the wide music industry, including ipod, digital radio, etc.