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CEO Named for Magna Online Betting Venture

MARYLAND – As reported by the Baltimore Business Journal: "Maryland Jockey Club CEO Joe DeFrancis has been named to head the electronic operations of Jockey Club parent Magna Entertainment.

"DeFrancis has been named CEO of PariMax, a new company that will oversee all of Magna's interactive betting channels.

"The group includes XpressBet, a phone and online betting service; HRTV, a horse-racing television channel; MagnaBet, which offers online betting in several countries; and RaceONTV, which broadcasts live races from Magna tracks. It also includes Magna's 30 percent stake in Hunt Valley-based betting systems company AmTote International…"

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