Magna Entertainment Corp. - Annual Meeting of Stockholders and Announcement of First Quarter Results

    AURORA, ON, April 30 /CNW/ - Magna Entertainment Corp. ("MEC") (NASDAQ:  
MECA; TSX: MEC.A) is holding its Annual Meeting of Stockholders on Wednesday,
May 9, 2007 at Le Royal Meridien King Edward Hotel, Sovereign Ballroom, 37
King Street East, Toronto, Ontario, commencing at 11:00 a.m. EST. The meeting
will be webcast live and can be accessed at MEC
will release and discuss its financial results for the first quarter ended
March 31, 2007 during the meeting.
    A conference call to discuss those results will be held on Wednesday,
May 9, 2007 at 3:00 p.m. EST. The number to use for this call is
1-800-633-8406. Please call 10 minutes prior to the start of the conference
call. The dial-in number for overseas callers is 212-676-5252. MEC will also
webcast the conference call at
    The conference call will be chaired by Frank Stronach, Chairman. If you
have any teleconferencing questions, please call Karen Richardson at
    For anyone unable to listen to the scheduled call, the rebroadcast number
will be 1-800-558-5253 (reservation No. 21337510) and will be available until
Friday, May 18, 2007. For overseas callers, please call 1-416-626-4100
(reservation No. 21337510). The replay of the webcast of the annual meeting
will also be available on

For further information:

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

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