UPDATE 1-Magna Entertainment loss grows, debt plan stumbles

Newswire

(Adds details. In U.S. dollars unless stated) TORONTO, Feb 29 (Reuters) - Magna Entertainment Corp , which counts U.S. racetracks Santa Anita and Pimlico among its holdings, posted a bigger fourth-quarter loss on Friday as weak U.S. real estate and credit markets crimped its plan to stamp out debt. The company, part of a group headed by Canadian auto parts giant Magna International , posted a net loss of $43 million, or 38 cents per share, compared with a net loss of $12.5 million, or 12 ...

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