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Non-Tech : Sungold Gaming International (SGGNF)

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To: Roger G. Budgell who wrote (3836)	5/25/1999 4:00:00 PM
From: Carol Barnes	Read Replies (1) of 5164

Here is a little "cut" from the news release on Magna approving "Ventures" as a separate public company. The Board confirmed that Ventures' business strategy will be to utilize its asset base to expand Ventures through: the acquisition of racetracks in addition to the Santa Anita Racetrack (considered to be one of the premier racetracks in the United States); the development of real estate, including specialized retail and/orleisure/recreational properties, in part through the exploitation of existing developable assets; and the potential development of media sports betting in Europe and North America in conjunction with one or more strategic partners. The whole thing is on Canada Newswire

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