More slots added to Gulfstream Park

AURORA, Ontario – (PRESS RELEASE) -- Magna Entertainment Corp. ("MEC") (NASDAQ: MECA) announced today that an additional 705 slot machines have been installed and are operational at Gulfstream Park. As a result, the Gulfstream Park Racing & Casino slots facility now offers guests access to 1,221 slot machines.

"We are very excited to open the second phase of our casino operation ahead of schedule. This is the culmination of a great effort from many of our dedicated employees," said Gulfstream Park President and General Manager Bill Murphy. "We are delighted to be able to offer our guests an expanded casino facility, which we believe will improve our operational efficiency and enhance our customers' experience."

The Gulfstream Park Racing and Casino slots facility is open seven days a week from 10:30 a.m. to 2:30 a.m. daily.

Gulfstream Park, which opened in 1939, is located on approximately 250 acres of land in the cities of Hallandale and Aventura, between Miami and Fort Lauderdale in Florida. Gulfstream Park runs a thoroughbred racing meet each winter, which is highlighted by the Florida Derby for three year olds. In January 2005, Gulfstream Park opened its race meet with significant modifications and enhancements to its racing surfaces including a new dirt and turf racetrack, featuring a 1 1/8-mile main track and seven furlong turf course. In January 2006, Gulfstream Park opened its new clubhouse/grandstand, which offers an array of restaurants and entertainment facilities.