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    <pubDate>Sun, 08 Nov 2009 09:49:07 GMT</pubDate>
    <language>en</language>
    <ttl>30</ttl>
    <item>
      <title>Magna Entertainment Corp. files first default status report</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3184127</guid>
      <description><![CDATA[AURORA, ON, April 7 /CNW/ - Magna Entertainment Corp. (&quot;MEC&quot; or the &quot;Company&quot;) filed this news release as its first bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities regulators during the period it continues to operate its business as a debtor in possession under the U.S. Bankruptcy Code. MEC reports that since announcing the original notice of default on March 26, 2009, there have not been any material changes to the ...<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3184127>[More...]</a>]]></description>
      <pubDate>Wed, 08 Apr 2009 01:14:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3184127</link>
    </item>
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      <title>Magna Entertainment Corp. announces appointments of Interim Chief Executive Officer and Independent Director</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3184126</guid>
      <description><![CDATA[AURORA, ON, April 7 /CNW/ - Magna Entertainment Corp. (&quot;MEC&quot; or the &quot;Company&quot;) today announced that it has appointed Greg Rayburn as Interim Chief Executive Officer of the Company, subject to the approval of the United States Bankruptcy Court for the District of Delaware. MEC and certain of its subsidiaries are currently subject to bankruptcy proceedings in the United States under Chapter 11 of the United States Bankruptcy Court for the District of Delaware. If approved, Mr. Rayburn will assume the customary responsibilities of the Chief Executive Officer including leading MEC's Chapter 11 restructuring activities and overseeing the sale of MEC's assets. He will report directly to MEC's Board of Directors. The decision to appoint ...<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3184126>[More...]</a>]]></description>
      <pubDate>Wed, 08 Apr 2009 01:05:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3184126</link>
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      <title>Magna Entertainment Corp. announces it will not file 2008 Annual Report and adoption of alternative reporting while under bankruptcy protection</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3150155</guid>
      <description><![CDATA[AURORA, ON, March 26 /PRNewswire-FirstCall/ - Magna Entertainment Corp. announced today that it will not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor will it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities regulators during the period it continues to operate its business as a debtor in possession under the U.S. Bankruptcy Code. MEC's inability to file these materials is attributable to the circumstances of MEC's ongoing court-supervised restructuring process under Chapter 11 of the U.S. Bankruptcy Code. In particular, the expense and effort involved in complying with annual and quarterly reporting requirements cannot, in the opinion of the Company, be justified in light of MEC's current operational and financial situation. MEC filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code on March 5, 2009 and currently operates its business as a debtor in possession. On March 5, 2009, MEC also sought and obtained recognition of the Chapter 11 proceedings from the Ontario Superior Court of Justice under section 18.6 of the Companies' Creditors Arrangement Act in Canada.<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3150155>[More...]</a>]]></description>
      <pubDate>Thu, 26 Mar 2009 15:18:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3150155</link>
    </item>
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      <title>Magna Entertainment Corp. receives notice of delisting from Nasdaq effective March 16, 2009 - PR Newswire</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3102620</guid>
      <description><![CDATA[AURORA, ON, March 9 /PRNewswire-FirstCall/ - Magna Entertainment Corp. announced today that it received notification from The Nasdaq Stock Market indicating that Nasdaq staff had determined, in accordance with Marketplace Rules 4300, 4450 and IM-4300, that the Company's securities will be delisted from Nasdaq as a result of, among other things, MEC's announcement that it filed a voluntary petition for relief under Chapter 11 in the United States. MEC does not intend to appeal Nasdaq's delisting decision and, accordingly, the trading of MEC's Class A Subordinate Voting Stock will be suspended at the opening of business on March 16, 2009.<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3102620>[More...]</a>]]></description>
      <pubDate>Tue, 10 Mar 2009 00:41:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3102620</link>
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      <title>Magna Entertainment Corp. receives notice of delisting from Nasdaq effective March 16, 2009 - CNW</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3102572</guid>
      <description><![CDATA[AURORA, ON, March 9 /CNW/ - Magna Entertainment Corp. (&quot;MEC&quot; or &quot;the Company&quot;) (NASDAQ: MECA; TSX: MEC.A) announced today that it received notification from The Nasdaq Stock Market (&quot;Nasdaq&quot;) indicating that Nasdaq staff had determined, in accordance with Marketplace Rules 4300, 4450(f) and IM-4300, that the Company's securities will be delisted from Nasdaq as a result of, among other things, MEC's announcement that it filed a voluntary petition for relief under Chapter 11 in the United States. MEC does not intend to appeal Nasdaq's delisting decision and, accordingly, the trading of MEC's Class A Subordinate Voting Stock will be suspended at the opening of business on March 16, 2009. ...<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3102572>[More...]</a>]]></description>
      <pubDate>Tue, 10 Mar 2009 00:40:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3102572</link>
    </item>
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      <title>TSX Delisting Review - Magna Entertainment Corp. (MEC.A) - Mar  6 2009  9:45AM</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3095900</guid>
      <description><![CDATA[TORONTO, March 6 /CNW/ - DELISTING REVIEW - Magna Entertainment Corp. (the &quot;Company&quot;) - Further to TSX bulletin No.2009-0279 dated March 3, 2009, the Class A Subordinate Voting Shares of the Company (the &quot;Shares&quot;) (Symbol: MEC.A) have been suspended from trading effective immediately. The Shares will be delisted at the close of market on April 1, 2009 for failure to meet the continued listing requirements of TSX.<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3095900>[More...]</a>]]></description>
      <pubDate>Fri, 06 Mar 2009 13:20:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3095900</link>
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      <title>Magna Entertainment Corp. announces filing for Chapter 11 bankruptcy protection - PR Newswire</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3093474</guid>
      <description><![CDATA[AURORA, ON, March 5 /PRNewswire-FirstCall/ - Magna Entertainment Corp. , together with certain of its wholly-owned subsidiaries, today announced that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and will seek recognition of the Chapter 11 proceedings from the Ontario Superior Court of Justice under section 18.6 of the Companies' Creditors Arrangement Act in Canada.<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3093474>[More...]</a>]]></description>
      <pubDate>Thu, 05 Mar 2009 17:19:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3093474</link>
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      <title>Magna Entertainment Corp. announces filing for Chapter 11 bankruptcy protection - CNW</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3093412</guid>
      <description><![CDATA[AURORA, ON, March 5 /CNW/ - Magna Entertainment Corp. (&quot;MEC&quot; or &quot;the Company&quot;) (NASDAQ: MECA; TSX: MEC.A), together with certain of its wholly-owned subsidiaries, today announced that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the &quot;Court&quot;) and will seek recognition of the Chapter 11 proceedings from the Ontario Superior Court of Justice under section 18.6 of the Companies' Creditors Arrangement Act in Canada.<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3093412>[More...]</a>]]></description>
      <pubDate>Thu, 05 Mar 2009 17:18:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3093412</link>
    </item>
    <item>
      <title>Investment Industry Regulatory Organization of Canada - Trading Halt - Magna Entertainment CP - MEC.A</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3093381</guid>
      <description><![CDATA[TORONTO, March 5 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC): Issuer Name: Magna Entertainment CP<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3093381>[More...]</a>]]></description>
      <pubDate>Thu, 05 Mar 2009 17:05:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3093381</link>
    </item>
    <item>
      <title>Magna Entertainment Corp. announces notice of event of default</title>
      <guid>http://www.istockanalyst.com/article/viewarticle/articleid/3078387</guid>
      <description><![CDATA[AURORA, ON, Feb. 27 /CNW/ - Magna Entertainment Corp. (&quot;MEC&quot; or &quot;the Company&quot;) (NASDAQ: MECA; TSX: MEC.A) today announced that it has received written notice from its lenders that Pimlico Racing Association, Inc., Laurel Racing Association Limited Partnership, Laurel Racing Assoc., Inc. and The Maryland Jockey Club of Baltimore City, Inc. (collectively &quot;MJC&quot;), each a subsidiary of MEC, are in default under the PNC Bank, National Association (&quot;PNC Bank&quot;) loan agreement for failure to comply with certain financial covenants relating to the financial position and results of operation of MJC and related entities. PNC Bank has informed MEC that it has chosen not to exercise its rights and remedies under such loan agreement at this time as a ...<a href=http://www.istockanalyst.com/article/viewarticle/articleid/3078387>[More...]</a>]]></description>
      <pubDate>Fri, 27 Feb 2009 22:28:00 GMT</pubDate>
      <category domain="http://rss.financialcontent.com/stocksymbol">MEC.A</category>
      <category domain="http://rss.financialcontent.com/stocksymbol">MECA</category>
      <link>http://www.istockanalyst.com/article/viewarticle/articleid/3078387</link>
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