UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Magna Entertainment Corp.
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(Name of Issuer)
Class A Subordinate Voting Stock
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(Title of Class of Securities)
559211107
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(CUSIP Number)
March 14, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
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1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ladbroke Racing Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
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3) SEC USE ONLY
------------------------------------------------------------
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4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
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12) TYPE OF REPORTING PERSON* CO
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2
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
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1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ladstock Holding Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3) SEC USE ONLY
------------------------------------------------------------
--------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
--------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
--------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
3
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ladstock Second Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3) SEC USE ONLY
------------------------------------------------------------
--------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
--------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
--------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
4
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ladstock First Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3) SEC USE ONLY
------------------------------------------------------------
--------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
--------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
--------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
5
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Ladbroke Hotels USA Corporation
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3) SEC USE ONLY
------------------------------------------------------------
--------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
--------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
--------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
6
<PAGE>
SCHEDULE 13G
CUSIP NO. 559211107
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Hilton Group plc
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
---------------------------------------------------------------------
(b) [ ]
---------------------------------------------------------------------
--------------------------------------------------------------------------------
3) SEC USE ONLY
------------------------------------------------------------
--------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER Not applicable
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 1,012,195
OWNED BY EACH -------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER Not applicable
WITH -------------------------------------------------
(8) SHARED DISPOSITIVE POWER 1,012,195
--------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,012,195
--------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
-----------------------------------------------------
--------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15%
--------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON* CO
--------------------------------------------------------------------------------
7
<PAGE>
SCHEDULE 13G
------------
Item 1 (a) Name of Issuer:
Magna Entertainment Corp.
Item 1 (b) Address of Issuer's Principal Executive Offices:
337 Magna Drive, Aurora, Ontario,
Canada L4G 7K1
Item 2 (a) Name of Person Filing:
(1) Ladbroke Racing Corporation
(2) Ladstock Holding Corporation
(3) Ladstock Second Corporation
(4) Ladstock First Corporation
(5) Ladbroke Hotels USA Corporation
(6) Hilton Group plc
Item 2 (b) Address of Principal Business Office:
The address of the principal business office of the
person filing is:
(1) Ladbroke Racing Corporation
1311 East 19th Street
Cheyenne, WY 82001
(2) Hilton International Corporation
901 Ponce de Leon Blvd, Suite 700
Coral Gables, FL 33134
(3) Hilton International Corporation
901 Ponce de Leon Blvd, Suite 700
Coral Gables, FL 33134
(4) Hilton International Corporation
901 Ponce de Leon Blvd, Suite 700
Coral Gables, FL 33134
(5) Hilton International Corporation
901 Ponce de Leon Blvd, Suite 700
Coral Gables, FL 33134
(6) Maple Court, Central Park
Reeds Crescent, Watford
Hertfordshire WD1Z 1HZ England
8
<PAGE>
Item 2 (c) Citizenship:
(1) The corporation is organized under the laws of
Delaware.
(2) The corporation is organized under the laws of
Delaware.
(3) The corporation is organized under the laws of
Delaware.
(4) The corporation is organized under the laws of
Delaware.
(5) The corporation is organized under the laws of
Delaware.
(6) The corporation is organized under the laws of
the United Kingdom.
Item 2 (d) Title of Class of Securities:
Class A Subordinate Voting Stock.
Item 2 (e) CUSIP Number:
559211107
Item 3 Not applicable.
Item 4 Ownership:
(a) Amount Beneficially Owned:
(b) Percent of Class: 7.15%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the
vote: Not applicable.
(ii) Shared power to vote or to direct
the vote: 1,012,195.
(iii) Sole power to dispose or to direct
the disposition of: Not applicable.
(iv) Shared power to dispose or to direct
the disposition of: 1,012,195.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of
Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company or Control Person:
Not applicable.
9
<PAGE>
Item 8 Identification and Classification of Members of the
Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certification:
By signing below we certify that, to the best of our
knowledge and belief, the securities referred to
above were not acquired and are not held for the
purpose of or with the effect of changing or
influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any
transaction having that purpose or effect.
10
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
LADBROKE RACING
CORPORATION
Dated: December 26, 2000 By: /s/ Paul Lierman
--------------------
Name: Paul Lierman
Title: Assistant Treasurer
11
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
LADBROKE HOLDING
CORPORATION
Dated: December 26, 2000 By: /s/ Paul Lierman
--------------------
Name: Paul Lierman
Title: Vice President
12
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
LADSTOCK SECOND CORPORATION
Dated: December 26, 2000 By: /s/ Paul Lierman
--------------------
Name: Paul Lierman
Title: Vice President
13
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
LADSTOCK FIRST CORPORATION
Dated: December 26, 2000 By: /s/ Paul Lierman
--------------------
Name: Paul Lierman
Title: Vice President
14
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
LADBROKE HOTELS USA
CORPORATION
Dated: December 26, 2000 By: /s/ Paul Lierman
--------------------
Name: Paul Lierman
Title: Vice President
15
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
HILTON GROUP PLC
Dated: December 26, 2000 By: /s/ Michael Noble
--------------------
Name: Michael Noble
Title: Company Secretary
16
<PAGE>
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule
13G, dated December 26, 2000, (the "Schedule 13G"), with respect to the Class A
Subordinate Voting Stock, par value $.01 per share, of Magna Entertainment Corp.
is, and any amendments thereto executed by each of us shall be, filed on behalf
of each of us pursuant to and in accordance with the provisions of Rule 13d-1(c)
under the Securities and Exchange Act of 1934, as amended, and that this
Agreement shall be included as an Exhibit to the Schedule 13G and each such
amendment. Each of the undersigned agrees to be responsible for the timely
filing of the Schedule 13G and any amendments thereto, and for the completeness
and accuracy of the information concerning itself contained therein. This
Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 26 day of December, 2000.
LADBROKE RACING CORPORATION
By: /s/ Paul Lierman
-----------------------------
Name: Paul Lierman
Title: Assistant Treasurer
LADSTOCK HOLDING CORPORATION
By: /s/ Paul Lierman
-------------------------------
Name: Paul Lierman
Title: Vice President
LADSTOCK SECOND CORPORATION
By: /s/ Paul Lierman
-------------------------------
Name: Paul Lierman
Title: Vice President
17
<PAGE>
LADSTOCK FIRST CORPORATION
By: /s/ Paul Lierman
-------------------------------
Name: Paul Lierman
Title: Vice President
LADBROKE HOTELS USA CORPORATION
By: /s/ Paul Lierman
-------------------------------
Name: Paul Lierman
Title: Vice President
HILTON GROUP PLC
By: /s/ Michael Noble
-------------------------------
Name: Michael Noble
Title: Company Secretary
18
