THE STRONACH GROUP TO CONSOLIDATE RACING OPERATIONS IN SOUTHERN CALIFORNIA

BERKELEY, CA (July 17, 2023) – In a major development aimed at consolidating, invigorating and innovating racing throughout Southern California, The Stronach Group today announced it will double down on its prestigious racing and training venues at Santa Anita Park and San Luis Rey Downs by closing Golden Gate Fields at the end of the 2023 racing meet.

At the conclusion of the Golden Gate Fields meet, the company will focus on seamlessly transitioning horses from Northern California to Southern California with the goal of increasing field sizes and adding another day of racing to the weekly racing calendar at Santa Anita Park, come January 2024. This consolidation will provide expanded content opportunities, wagering prospects and will serve to further elevate the overall customer experience at Santa Anita Park.

“The Stronach Group remains steadfastly committed to racing in California,” said Belinda Stronach, Chairwoman, Chief Executive Officer and President, The Stronach Group. “We believe that the future success of racing depends on a business model that encourages investment in Southern California, one of North America’s premier racing circuits. Focusing on Santa Anita Park and San Luis Rey Downs as state-of-the-art racing and training facilities that offer enhanced program quality, increased race days, expanded wagering opportunities, and premier hospitality and entertainment experiences is vital to ensuring that California racing can continue to compete and thrive on a national level.”

Stronach added “We recognize that the decision will have profound effects on our valued employees as well as the owners, trainers, jockeys and stable personnel at Golden Gate Fields. The Stronach Group is committed to honoring labor obligations and developing a meaningful transition plan.”

Moving forward, the company will work in cooperation with industry participants including the California Horse Racing Board, Thoroughbred Owners of California, California Thoroughbred Trainers, and Del Mar and Los Alamitos racetracks, to develop a plan to relocate horses and employees to Southern California while supporting all affected by this closure.

About The Stronach Group and 1/ST

The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred racing and pari-mutuel wagering at the core. The Stronach Group’s 1/ST business (pronounced “First”) is North America’s preeminent Thoroughbred racing and pari-mutuel wagering company and includes the 1/ST RACING & GAMING, 1/ST CONTENT, 1/ST TECHNOLOGY and 1/ST EXPERIENCE businesses, while advocating for and driving the 1/ST HORSE CARE mission. 1/ST represents The Stronach Group’s continued movement toward redefining Thoroughbred racing and the ecosystem that drives it. 1/ST RACING & GAMING drives the best-in-class racing operations and gaming offerings at the company’s premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs (California); Gulfstream Park – home of the Pegasus World Cup Championship Invitational Series and Palm Meadows Thoroughbred Training Center (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course – home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the operating group for 1/ST’s media and content companies including: Monarch Content Management, Elite, TSG Global Wagering Solutions (GWS) and XBTV. 1/ST TECHNOLOGY is racing’s largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX and Betmix brands. 1/ST EXPERIENCE blends the worlds of sports, entertainment and hospitality through innovative content development, elevated national and local venue management and hospitality, strategic partnerships, sponsorships, and procurement development. As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group’s commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred racing on and off the track. The Stronach Group’s TSG Properties is responsible for the development of the company’s live, play and work communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland).