Magna Entertainment did not close its racetracks on Saturday, delaying the inevitable by a day but there may not be many more. Magna, or, if you will, Frank Stronach’s hallucinations come to life, lost another $113.8 million in 2007 and said its ability to continue operation is in substantial doubt....

With the announcement of the Eclipse Award winners late Monday night, the extension of the New York Racing Association franchise due to expire on Wednesday, the remote possibility of a settlement of negotiations between the hostile partisan factions of philistines in Albany, the more likely additional...