Magna Entertainment Corp. (MEC) owns horse racetracks in California, Florida, Maryland, Texas, Oklahoma, Ohio, Oregon and Ebreichsdorf, Austria. In addition, the Company under a management agreement, operates a racetrack in Pennsylvania. It supplies, via simulcasting, live racing content to the inter-track, off-track and account wagering markets. It operates or manages seven thoroughbred racetracks, one standardbred (harness racing) racetrack and two racetracks that run both thoroughbred and quarterhorse meets. The Company has two principal operating segments: racing and gaming operations, and real estate and other operations. In March 2009, the Company filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and will seek recognition of the Chapter 11 proceedings from the Ontario Superior Court of Justice under section 18.6 of the Companies' Creditors Arrangement Act in Canada.