EXHIBIT 23.5 CONSENT OF INDEPENDENT AUDITORS ------------------------------- We consent to the incorporation by reference in this Registration Statement of Magna Entertainment Corp. on Form S-3 of our report dated October 12, 1999, except Note 1 for which the date is October 21, 1999, with respect to the financial statements of Thistledown, Inc. 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) and to the reference to us under the heading "Experts" in the Prospectus, which is part of this Registration Statement. /s/ Hill, Barth & King LLC Certified Public Accountants August 29, 2001 Boardman, Ohio