This article from bloodhorse lays out the financial woes of Magna. Doesn't seem this company, a part of Empire, should qualify to run any part of NY racing based on their performance. And as a result, Empire as a whole should be dismissed. This has gotten political real quick since Gov. Sptizer set out his blue print for NYRA to continue to run NY racing.
http://www.bloodhorse.com/articleind...e.asp?id=40771
I wonder how much money has been spent by the various bidders trying to "influence" Albany lawmakers. I'd like to see the Gov. of NYS continue to lead this process, not some of the political hacks in the NYS Senate.