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 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 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 www.magnaentertainment.com.

SOURCE: Magna Entertainment Corp.