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

AURORA, ON, April 28 /PRNewswire-FirstCall/ -- Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.A) is holding its Annual and Special Meeting of Stockholders on Tuesday, May 6, 2008 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 www.magnaentertainment.com. MEC will release and discuss its financial results for the first quarter ended March 31, 2008 during the meeting.

A conference call to discuss those results will be held on Tuesday, May 6, 2008 at 3:00 p.m. EST. The number to use for this call is 1-800-732-5617. 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 www.magnaentertainment.com.

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 # 21381824) and will be available until Friday, May 16, 2008. For overseas callers, please call 1-416-626-4100 (reservation # 21381824). The replay of the webcast of the annual meeting will also be available on www.magnaentertainment.com.

Source: Magna Entertainment Corp.

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

2008-04-28 18:10:11 0347003 PRNEWSWIRE