The Stronach Group
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The Stronach Group
Stronach Group, doing business as 1/ST, is an entertainment and real estate company in North America with Thoroughbred horse racing and pari-mutuel wagering at the core.


History

The Stronach Group entered the horse racing industry by purchasing Magna Entertainment Corporation's former holdings from . In January 2020, the company announced a rebranding to the 1/ST banner for all consumer-facing operations.


Magna Entertainment Corporation

Magna Entertainment Corporation (MEC) was created in 1999 by parent company Magna International Inc. Magna International, a major automotive suppli ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Slot Machine
A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines and the games' ability to empty players' pockets and wallets as thieves would. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanics of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, cash, voucher, or token. The machine pays out according to the pattern of symbols display ...
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Bowie Race Track
The Bowie Race Track was a horse racing track located just outside the city limits of Bowie, Maryland. The one mile oval racetrack, known as Prince George's Park, was opened October 1, 1914 under the auspices of the Southern Maryland Agricultural Society—in actuality the track's owners were famous Baltimore confidence men Gad Brian and Jim O'Hara. A major attraction in the area, easy access for racetrack patrons was available from the WB&A Railroad which ran trains every five minutes from the Liberty Street Station in Baltimore for which they charged 65¢ for a round-trip ticket. Admission to the grounds and grandstand was $1.00. The track was a natural addition to the area, home to the Belair Stud Farm, founded by Samuel Ogle and credited as the "Cradle of American thoroughbred racing." In the 1950s, Bowie Race Track was a pioneer of winter racing. Some of the races inaugurated at the Bowie track include: *Barbara Fritchie Handicap * Caesar's Wish Stakes * Endurance Handicap ...
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AmTote International
The American Totalisator Company, known today as AmTote International (often referred to as AmTote), specializes in totalisator equipment used to control parimutuel betting at horse racing, greyhound racing, and jai-alai facilities. The company was founded by Harry L. Straus, a computer engineer from Baltimore whose interest in a fairer system of calculating and displaying odds and payouts on parimutuel betting came after an incident in 1927 at a Maryland racetrack, when a horse listed at 12:1 odds won, but paid off at 4:1. Straus began developing his machine, the totalisator or “tote board” out of telephone relays in 1928. Straus' new company installed its first equipment at Pimlico Race Course in Baltimore, Maryland, which displayed odds and payouts on illuminated boards, now known as "tote boards". In 1933, American Totalisator installed its first complete electro-mechanical tote system at Arlington Park in Arlington Heights, Illinois. The Strauss patents 2,179,698 issu ...
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Rosecroft Raceway
Rosecroft Raceway, nicknamed the "Raceway by the Beltway" for being close to Interstate 495, is a harness racing track in Fort Washington, Maryland. It first opened in 1949 and was owned by William E. Miller, a horse trainer and breeder. Rosecroft quickly became Prince George's County's political and social center, drawing thousands of people there each racing day. In the early 1950s, average attendance was more than 7,000 per day. After Miller died in 1954, his son John owned Rosecroft until his death in 1969. Rosecroft hosted memorial stake races annually for both William and John until 1995. Following the death of John Miller, Earle Brown controlled operations until he moved to a different position in 1980; William E. Miller II took over following Brown. Rosecroft was sold to Mark Vogel in 1987. Vogel made several mistakes that hurt the horse racing industry in Maryland. Three years later, he was arrested for possession of cocaine, and his company went into bankruptcy. Rosec ...
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Laurel Park Racecourse
Laurel Park, formerly Laurel Race Course, is an American thoroughbred racing, thoroughbred racetrack located just outside Laurel, Maryland which opened in 1911. The track is miles in circumference. Its name was changed to "Laurel Race Course" for several decades until returning to the "Laurel Park" designation in 1994. History Laurel Park Racecourse opened October 2, 1911 under the direction of the Laurel Four County Fair. In 1914, New York (state), New York businessmen and prominent horsemen, Philip J. Dwyer and James Butler (grocer), James Butler purchased the track and appointed Matt Winn as the general manager. In 1918 the field was used by Army Engineers as a training camp before deployment to France. In 1946, a stable fire broke out with 60 horses saved. In 1947, the Maryland Jockey Club, which owned Timonium and Pimlico Race Course, Pimlico, purchased Laurel Park from the Butler estate with the idea of shifting the Pimlico meeting to Laurel. After the Maryland General Ass ...
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Pimlico Race Course
Pimlico Race Course is a thoroughbred horse racetrack in Baltimore, Maryland, most famous for hosting the Preakness Stakes. Its name is derived from the 1660s when English settlers named the area where the facility currently stands in honor of Olde Ben Pimlico's Tavern in London. The racetrack is nicknamed "Old Hilltop" after a small rise in the infield that became a favorite gathering place for thoroughbred trainers and race enthusiasts. It is currently owned by the Stronach Group. History Pimlico officially opened in the October 25, 1870, with the colt Preakness winning the first running of the Dixie Stakes, Dinner Party Stakes. Approximately 12,000 people attended, many taking special race trains arranged by the Northern Central Railway. Three years later the horse would have the 1873 Preakness Stakes named in his honor. The track is also noted as the home for the match race in which Seabiscuit beat War Admiral in the second Pimlico Special, on November 1, 1938, before a cro ...
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Golden Gate Fields
Golden Gate Fields is an American horse racing track straddling both Albany, California and Berkeley, California along the shoreline of the San Francisco Bay adjacent to the Eastshore Freeway in the San Francisco Bay Area. With the closing of the Bay Meadows racetrack on May 11, 2008, it became the only major Thoroughbred racetrack in Northern California. It is currently owned by The Stronach Group. The track is set on of land in the cities of Albany and Berkeley. Golden Gate Fields' facilities currently include a one-mile (1,609 m) synthetic track and a turf course measuring 9/10 of a mile, or 7 furlongs plus 132 feet (1,448 m), stalls for 1,420 horses, a main grandstand with seating for about 8,000 customers, a clubhouse with seating for about 5,200 customers, a Turf Club with seating for about 1,500 customers and parking for over 8,500 cars. The synthetic track is called Tapeta and was installed in the summer of 2007 History Golden Gate Fields racetrack is situated on a tr ...
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Santa Anita Park
Santa Anita Park is a Thoroughbred racetrack in Arcadia, California, United States. It offers some of the prominent horse racing events in the United States during early fall, winter and in spring. The track is home to numerous prestigious races including both the Santa Anita Derby and the Santa Anita Handicap as well as hosting the Breeders' Cup in 1986, 1993, 2003, 2008, 2009, 2012, 2013, 2014, 2016, 2019, and 2023. Since 2011, the Stronach Group are the current owners. History The original Santa Anita Park Santa Anita Park was originally part of " Rancho Santa Anita", which was owned originally by former San Gabriel Mission Mayor-Domo, Claudio Lopez, and named after a family member, "Anita Cota". The ranch was later acquired by rancher Hugo Reid, a Scotsman. The property's most widely known owner would be multimillionaire Lucky Baldwin, a successful businessman in San Francisco who greatly enhanced his wealth through an investment in the famous Comstock Lode. Baldwin became ...
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Tote Board
A tote board (or totalisator/totalizator) is a numeric or alphanumeric display used to convey information, typically at a race track (to display the odds or payoffs for each horse) or at a telethon (to display the total amount donated to the charitable organization sponsoring the event). The term "tote board" comes from the colloquialism for "totalizator" (or "totalisator"), the name for the automated system which runs parimutuel betting, calculating payoff odds, displaying them, and producing tickets based on incoming bets. Parimutuel systems had used totalisator boards since the 1860s and they were often housed in substantial buildings. However the manual systems often resulted in substantial delays in calculations of clients' payouts. The first all-mechanical totalisator was invented by George Julius. Julius was a consulting engineer, based in Sydney. His father, Churchill Julius, an Anglican Bishop, had campaigned, in the early years of the twentieth century, against the ini ...
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AmTote
The American Totalisator Company, known today as AmTote International (often referred to as AmTote), specializes in totalisator equipment used to control parimutuel betting at horse racing, greyhound racing, and jai-alai facilities. The company was founded by Harry L. Straus, a computer engineer from Baltimore whose interest in a fairer system of calculating and displaying odds and payouts on parimutuel betting came after an incident in 1927 at a Maryland racetrack, when a horse listed at 12:1 odds won, but paid off at 4:1. Straus began developing his machine, the totalisator or “tote board” out of telephone relays in 1928. Straus' new company installed its first equipment at Pimlico Race Course in Baltimore, Maryland, which displayed odds and payouts on illuminated boards, now known as "tote boards". In 1933, American Totalisator installed its first complete electro-mechanical tote system at Arlington Park in Arlington Heights, Illinois. The Strauss patents 2,179,698 issu ...
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Poker
Poker is a family of comparing card games in which players wager over which hand is best according to that specific game's rules. It is played worldwide, however in some places the rules may vary. While the earliest known form of the game was played with just 20 cards, today it is usually played with a standard deck, although in countries where short packs are common, it may be played with 32, 40 or 48 cards.Parlett (2008), pp. 568–570. Thus poker games vary in deck configuration, the number of cards in play, the number dealt face up or face down, and the number shared by all players, but all have rules that involve one or more rounds of betting. In most modern poker games, the first round of betting begins with one or more of the players making some form of a forced bet (the '' blind'' or ''ante''). In standard poker, each player bets according to the rank they believe their hand is worth as compared to the other players. The action then proceeds clockwise as each playe ...
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