Churchill, Magna Entertainment. and Racing UK Sign Deal

10 Apr 2006

TORONTO, Ontario – (PRESS RELEASE) --- Churchill Downs Incorporated ("CDI") (NASDAQ: CHDN), Magna Entertainment Corp. ("MEC") (NASDAQ: MECA, TSX: MEC.SV.A) and Racing UK today announced that the three organizations have reached a definitive agreement to partner in a subscription television channel that will broadcast races from CDI and MEC racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland.

The new television channel, Racing World, launched March 8, offering live racing from Golden Gate Fields, Gulfstream Park, Laurel Park, Oaklawn Park, Santa Anita Park and Turfway Park. During the spring and summer, Racing World will expand its offerings when live racing resumes at Arlington Park, Bay Meadows Race Course, Calder Race Course, Churchill Downs, Hollywood Park, Keeneland Race Course, Lone Star Park and Pimlico Race Course.

MEC and CDI will provide racing content to Racing World while Racing UK will manage day-to-day operations for the channel. Racing UK is a media rights company and subscription television channel owned by 31 leading British racecourses.

As part of the agreement, CDI, MEC and Racing UK will take ownership positions in Racing World with MEC and CDI contributing their respective in-home video and wagering rights in the United Kingdom and Ireland. Neither CDI nor MEC expect revenues generated by Racing World to have a material impact on their companies' respective earnings or cash flow in 2006.

Racing World is available to subscribers in the United Kingdom and Ireland on Sky Channel 433 and airs until 1 a.m. GMT six nights a week (Wednesdays through Mondays).

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	Churchill, Magna Entertainment. and Racing UK Sign Deal 10 Apr 2006 TORONTO, Ontario – (PRESS RELEASE) --- Churchill Downs Incorporated ("CDI") (NASDAQ: CHDN), Magna Entertainment Corp. ("MEC") (NASDAQ: MECA, TSX: MEC.SV.A) and Racing UK today announced that the three organizations have reached a definitive agreement to partner in a subscription television channel that will broadcast races from CDI and MEC racetracks, as well as other North American and international racetracks, into the United Kingdom and Ireland. The new television channel, Racing World, launched March 8, offering live racing from Golden Gate Fields, Gulfstream Park, Laurel Park, Oaklawn Park, Santa Anita Park and Turfway Park. During the spring and summer, Racing World will expand its offerings when live racing resumes at Arlington Park, Bay Meadows Race Course, Calder Race Course, Churchill Downs, Hollywood Park, Keeneland Race Course, Lone Star Park and Pimlico Race Course. MEC and CDI will provide racing content to Racing World while Racing UK will manage day-to-day operations for the channel. Racing UK is a media rights company and subscription television channel owned by 31 leading British racecourses. As part of the agreement, CDI, MEC and Racing UK will take ownership positions in Racing World with MEC and CDI contributing their respective in-home video and wagering rights in the United Kingdom and Ireland. Neither CDI nor MEC expect revenues generated by Racing World to have a material impact on their companies' respective earnings or cash flow in 2006. Racing World is available to subscribers in the United Kingdom and Ireland on Sky Channel 433 and airs until 1 a.m. GMT six nights a week (Wednesdays through Mondays).