RA, Ontario -- (PRESS RELEASE) -- Magna Entertainment Corp.
("MEC") (NASDAQ: MECA; TSX: MEC.A) announced today that its wholly-owned
subsidiary AmTote Canada, Inc. ("AmTote Canada") has entered into a
Totalisator Service Agreement with Attractions Hippiques Quebec Inc.
("AHQ"), which owns and manages racetracks in Montreal, Quebec City, Aylmer
and Trois-Rivieres, as well as the Hippo Clubs du Quebec off-track network
and PariTel / WebPhoneBet account wagering services. AmTote Canada will
continue to be the tote services provider to AHQ for a 10-year term
commencing January 2008. Financial terms were not disclosed.
"We are excited at continuing to develop our relationship with AHQ"
says Steve Keech, President of AmTote International, Inc. ("AmTote"). "By
providing patrons of AHQ with proven pari-mutuel wagering technology, along
with new wagering tools derived from our significant investment in wagering
innovation, we expect to help AHQ revitalize harness racing in Quebec.
Building on our recent long-term partnership with Woodbine Entertainment
Group, this transaction represents another vote of confidence in AmTote and
our commitment to horseracing world wide."
"At AHQ, we seek to work closely with proven industry players who
provide innovative services and are passionate about the success of the
horse racing industry. Simply put, AmTote fits this model", says Ian
Wetherly, Chief Operating Officer for Attractions Hippiques Quebec Inc.