MI Developments release

AURORA, Ont. – MI Developments Inc., in conjunction with MID’s premier racing properties, Gulfstream Park, Santa Anita Park, Golden Gate Fields, Pimlico Race Course and XpressBet Inc. expanded the lucrative PREAKNESS 5.5 bonus program which could award an additional $5.5 million in bonuses to the winner of the 2011 Preakness Stakes, to also include the AmTote Jockey Bonus worth $100,000 to the winning rider of the Preakness Stakes who also rode the winner of one of the qualifying races.     

“We are delighted to expand our Preakness 5.5 to include the AmTote Jockey Bonus,” said Dennis Mills, CEO of MI Developments.  “The jockey is one of the most important members of the team and it is important for us to acknowledge their contribution to a horse’s overall success.”

AmTote Jockey Bonus joins the Preakness 5.5 and the XpressBet .55 in creating a historic and unique program allowing East and West coast based three-year-olds to qualify by having the preliminary races at both GulfstreamPark and Santa Anita Park. 

To qualify for the $100,000 AmTote Jockey Bonus, a Preakness-winning rider must first win one of the qualifying races.  The qualifying races for the AmTote Jockey Bonus at GulfstreamPark will be the Grade III Holy Bull Stakes, the Grade II Fountain of Youth at GulfstreamPark, and the Grade I Florida Derby, which will now be worth $1-million.  The qualifying races at Santa Anita Park will be the Grade II Robert B. Lewis Stakes, the Grade II San Felipe Stakes, and the Grade I Santa Anita Derby.  Golden Gate Fields will also offer the El Camino Real Derby as a qualifying race for the AmTote Jockey Bonus. 

“AmTote is recognized as a global leader in the field of totalisator technology and service,” said Steve Keech, President of AmTote, who is currently visiting clients in Australia.  “We are excited to have this opportunity to salute a leading rider and join the MID family in this original opportunity surrounding the Preakness 5.5”

“The strength of MID’s multiple assets in the racing arena, including Pimlico Race Course, Santa Anita Park, Gulfstream Park, Golden Gate Fields, XpressBet and AmTote, affords us the opportunity to combine together and create these opportunities to improve the landscape of the sport of horseracing,” said Mills. 

ABOUT MID

MID is a real estate operating company engaged primarily in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio leased primarily to Magna International Inc. and its automotive operating units in North America and Europe. MID also acquires land that it intends to develop for mixed-use and residential projects. Additionally, MID owns Santa Anita Park, Golden Gate Fields, Gulfstream Park (including an interest in The Village at Gulfstream ParkTM, a joint venture with Forest City Enterprises, Inc.), The Maryland Jockey Club (via a joint venture with Penn National Gaming, Inc.), Portland Meadows, AmTote and XpressBet®, and through some of these assets, is a supplier, via simulcasting, of live horseracing content to the inter-track, offtrack and account wagering markets.  For further information about MID, please visit www.midevelopments.com or call 905-713-6322.