Magna Entertainment Corp. Announcement of Third Quarter Results

    AURORA, ON, Oct. 26 /CNW/ - Magna Entertainment Corp. ("MEC")
(NASDAQ:   MECA; TSX: MEC.A) will announce its financial results for the third
quarter ended September 30, 2007 on Thursday, November 1, 2007.
    A conference call to discuss those results will be held on Friday,
November 2, 2007 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 212-231-2900. 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. 21353859) and will be available until
Friday, November 9, 2007. For overseas callers, please call 1-416-626-4100
(reservation No. 21353859).

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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