STATEMENT FROM THE STRONACH GROUP REGARDING STRONACH v. STRONACH CIVIL LITIGATION

TORONTO, Sept. 4, 2024 /CNW/ -- The Stronach Group is pleased to announce that the litigation between Andrew Stronach and Selena Stronach and Belinda Stronach, Frank Walker, Nicole Walker, Alon Ossip, the Estate of Elfriede Stronach and Stronach Consulting Corporation has been settled by the parties. 

Belinda Stronach will continue as the Chairman, CEO and President of The Stronach Group, leading the company's world-class Thoroughbred racing, gaming, content, media, entertainment, real estate and related assets. This includes all businesses under The Stronach Group's consumer-facing brand, 1/ST.

Belinda Stronach said: "I am very pleased that the litigation with my brother and niece has been resolved. We look forward to moving ahead with exciting plans for our business and moving forward as a family."

The terms of settlement are confidential, and the parties will not be providing any additional comments.

Press Contact:
Tiffani Steer, VP, Communications – [email protected]

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 and San Luis Rey Downs (California); Gulfstream Park – home of the Pegasus World Cup and Palm Meadows Thoroughbred Training Center (Florida); the Maryland Jockey Club at Laurel Park, The 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). For more information, visit www.1st.com or follow @1ST_racing on Twitter or @1stracing on Instagram and Facebook.

SOURCE The Stronach Group