Since the 1940s Gulfstream Park has been a favorite Winter destination horsemen and racing fans. Gulfstream Park opened in February 1939 but went bankrupt and closed after four days of racing. In 1944, James Donn Sr., a creditor of the track, reopened Gulfstream.
In 1952, the Florida Derby (Gr. I) debuted, and since that time, this race has become an important steppingstone to the Kentucky Derby.
In 1999, Frank Stronach-led magna Entertainment Corp. purchase Gulfstream park for $95 million, and upon getting approval from Broward County voters for slot machines in 2005, Magna opened its slot casino in 2006.