British-born Australian champion race horse Makybe Diva, who won the Melbourne Cup three times between 2003 and 2005, has died. Owner Tony Santic said in a statement Saturday that the mare who amassed 14 million Australian dollars ($10 million) in prize money, died at the age of 26 after a brief bout of colic at her retirement stable near Geelong outside Melbourne. The 3,200-meter (two-mile) Melbourne Cup held annually on the first Tuesday in November is Australia's most iconic horse race.

After years of financial turmoil, Hawthorne Race Course filed for Chapter 11 bankruptcy in Chicago on Friday in an effort to restructure the 135-year-old institution’s debt, save dozens of jobs and, in the long run, rescue the state’s dying horse racing industry. With the filing, Hawthorne is seeking to reorganize, ultimately intending to attract a buyer or investor willing to recapitalize the ...

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