EXHIBIT 23.2



                        CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in the Post-
Effective Amendment No. 1 to the Registration Statement (Form S-3) and related
prospectus of Magna Entertainment Corp. for the registration of 7,339,724
shares of its Class A Subordinate Voting Stock and to the incorporation by
reference therein of our report dated June 11, 1999 with respect to the
consolidated financial statements of Los Angeles Turf Club, Inc. included in the
Registration Statement on Form S-1 of Magna Entertainment Corp. originally filed
with the Securities and Exchange Commission pursuant to the Securities Act of
1933 on January 14, 2000 (File No. 333-94791).


                                                        /s/ Ernst & Young LLP
                                                        ---------------------
                                                        Chartered Accountants

August 29, 2001
Toronto, Canada