AURORA, ON, Feb. 3 /PRNewswire/ - Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its twentieth bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities reg
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