EXHIBIT 23.7


                        CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in this
Registration Statement (Form S-3) and related prospectus of Magna Entertainment
Corp. for the registration of 7,309,884 shares of its Class A Subordinate Voting
Stock and to the incorporation by reference therein of our report dated December
22, 2000 with respect to the combined financial statements of Bay Meadows
Operating Company, LLC and Bay Meadows Catering incorporated by reference in the
Current Report on Form 8-K/A of Magna Entertainment Corp. filed with the
Securities and Exchange Commission pursuant to the Securities and Exchange Act
of 1934 on March 27, 2001.

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

September 7, 2001
Toronto, Canada