Magna Entertainment Corp. - Announcement of Second Quarter Results

    AURORA, ON, July 31 /CNW/ - Magna Entertainment Corp. ("MEC") (NASDAQ:  
MECAD; TSX: MEC.A) will announce its financial results for the second quarter
ended June 30, 2008 on Tuesday, August 5, 2008.

    A conference call to discuss those results will be held on Wednesday,
August 6, 2008 at 3:00 p.m. EST. The number to use for this call is
1-800-255-2466. Please call 10 minutes prior to the start of the conference
call. The dial-in number for overseas callers is 212-676-5399. 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. 21389628) and will be available until
Tuesday, August 12, 2008. For overseas callers, please call 1-416-626-4100
(reservation No. 21389628). The replay of the webcast of the annual meeting
will also be available on


SOURCE: Magna Entertainment Corp.

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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