GGB is committed to providing updated news and analysis on our weekly news site,

Magna Appoints Interim CEO

Magna Entertainment Corporation has appointed its restructuring adviser, Greg Rayburn, as interim chief executive officer.

The operator, currently in the midst of Chapter 11 bankruptcy reorganization, is appointing Rayburn to lead restructuring activities and oversee the bankruptcy sale of Magna’s assets, including several famous racetracks and the Preakness Stakes, the Triple Crown event that already has several interested suitors-including, most recently, the state of Maryland.

Rayburn is currently senior managing director and practice leader of FTI Palladium Partners. He has more than 26 years experience in corporate restructuring efforts, serving as CEO or restructuring officer for companies including WorldCom, aaiPharma and Muzak Holdings.

    Recent Feature Articles

  • New York, New York

    There are 11 potential suitors for three available downstate casino licenses in New York, and all are in metropolitan New York City

  • Bring on the Locals

    Vietnam casinos are thriving, but opening up the market to the country’s citizens would be the jackpot.

  • In Sunshine and in Shadow

    As iGaming continues its expansion quest, RG efforts must remain a central focus for all stakeholders

  • Digital Fluency

    Conversations surrounding digital need to include everyone, not just a department

  • Two Decades of Advocacy

    The European Casino Association champions Europe's licensed land-based casinos