Magna Entertainment Corp. - Announcement of Fourth Quarter and Year End Results

    AURORA, ON, Feb. 22 /CNW/ - Magna Entertainment Corp. ("MEC") (NASDAQ:  
MECA; TSX: MEC.A) will announce its financial results for the fourth quarter
and fiscal year ended December 31, 2007 on Thursday, February 28, 2008.
    A conference call to discuss those results will be held on Friday,
February 29, 2008 at 10:00 a.m. EST. The number to use for this call is
1-800-926-4402. Please call 10 minutes prior to the start of the conference
call. The dial-in number for overseas callers is 212-231-2901. MEC will also
webcast the conference call at
    If you have any teleconferencing questions, please call Karen Richardson
at 905-726-7465.
    For anyone unable to listen to the scheduled call, the rebroadcast number
will be 1-800-558-5253 (reservation No. 21375815) and will be available until
Friday, March 7, 2008. For overseas callers, please call 1-416-626-4100
(reservation No. 21375815).

For further information:

For further information: Blake Tohana, Executive Vice-President and
Chief Financial Officer, Magna Entertainment Corp., (905) 726-7493

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