SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 9, 2001
MAGNA ENTERTAINMENT CORP.
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(Exact Name of Registrant as Specified in its Charter)
Delaware, United States of America
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(State or Other Jurisdiction of Incorporation)
000-30578 98-0208374
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(Commission File Number) (I.R.S. Employer Identification No.)
337 Magna Drive, Aurora, Ontario, Canada L4G 7K1
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(Address of Principal Executive Offices) (Zip Code)
(905) 726-2462
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if changed since Last Report)
ITEM 5. OTHER EVENTS
On February 9, 2001, the Registrant issued a press release in which it announced
that it expects earnings for the quarter ended December 31, 2000 to be lower
than its previous estimate. Based on preliminary estimates, the Registrant now
expects to report a loss of $0.11 to $0.12 per share for the fourth quarter, and
income of approximately $0.01 per share for the year. The full text of the
press release issued by the Registrant is attached as Exhibit 99.1.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits Page
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Exhibit 99.1 Copy of the Registrant's press release dated
February 9, 2001 3 and 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MAGNA ENTERTAINMENT CORP.
(Registrant)
Date: February 9, 2001 by: /s/ Gary M. Cohn
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Gary M. Cohn, Secretary