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Broward County Approve Alternative Gaming Referendum

AURORA, Ontario – (PRESS RELEASE) -- Magna Entertainment Corp. ("MEC") (NASDAQ: MECA; TSX: MEC.SV.A) is pleased to report that the Supervisor of Elections in Broward County has confirmed that the referendum question authorizing slot machines at the four existing pari-mutuel facilities that have conducted live racing during each of the past two years in Broward County, in accordance with Article X, Section 23 of the Florida Constitution, was approved by a majority of Broward County voters on March 8, 2005. According to Article X, Section 23, the Florida State Legislature is now required to adopt legislation governing the operation of slot machines with an effective date no later than July 1, 2005. Details of such legislation have not yet been determined.

MEC owns Gulfstream Park, a licensed pari-mutuel facility that has conducted live racing during each of the last two years in Broward County. This successful vote, together with the passage of the state referendum in November 2004, reflects again the support of the people for this measure. MEC and Gulfstream Park intend to work closely with local and State officials to pursue the remaining steps for viable legislation and the authorization of slot machine gaming at Gulfstream Park.

MEC, North America's number one owner and operator of horse racetracks, based on revenues, acquires, develops and operates horse racetracks and related pari-mutuel wagering operations, including off-track bettering facilities. Additionally, MEC owns and operates XpressBet®, a national Internet and telephone account wagering systems, and Horse Racing TV(TM), a 24-hour horse racing television network.

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