SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported) May 2, 2001 MAGNA ENTERTAINMENT CORP. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware - -------------------------------------------------------------------------------- (State or Other Jurisdiction of Incorporation) 000-30578 98-0208374 - -------------------------------------------------------------------------------- (Commission File Number (I.R.S. Employer Identification No.) 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (905) 726-2462 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) NOT APPLICABLE - -------------------------------------------------------------------------------- (Former Name or Former Address, if changed Since Last Report) ITEM 5. OTHER EVENTS On May 2, 2001, Magna Entertainment Corp. issued a press release in which it announced its financial results for the three month period ended March 31, 2001. The full text of the press release issued by the Registrant is attached as Exhibit 99 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99 Copy of Registrant's press release dated May 2, 2001. -2- 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: May 3, 2001 by: /s/ Gary M. Cohn ----------------------------- Gary M. Cohn, Secretary