SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

DateSecurities ofExchange ReportAct (Date of Earliest Event Reported): March 1, 20101934

~~MAGNA~~Date ~~ENTERTAINMENT~~of ~~CORP.~~Report (Date of Earliest Event Reported): March 30, 2010

~~(Exact~~MAGNA ~~Name~~ENTERTAINMENT ~~of Registrant as Specified in its Charter)~~CORP.

~~Delaware~~(Exact Name of Registrant as Specified in its Charter)

~~(State or Other Jurisdiction of Incorporation)~~Delaware

000-30578		98-0208374
(Commission File Number)		(I.R.S. Employer Identification No.)

(State or Other Jurisdiction of Incorporation)

337 Magna Drive, Aurora, Ontario, Canada		L4G 7K1
000-30578		98-0208374
(Address of Principal Executive Offices)		(Zip Code)
(Commission File Number)		(I.R.S. Employer Identification No.)

(905) 726-2462

337 Magna Drive, Aurora, Ontario, Canada		L4G 7K1
(Address of Principal Executive Offices)		(Zip Code)

(~~Registrant’s Telephone Number, Including Area Code~~905) 726-2462

~~Not~~(Registrant’s ~~Applicable~~Telephone Number, Including Area Code)

~~(Former~~Not ~~Name or Former Address, if changed since Last Report)~~Applicable

~~Check~~(Former ~~the~~Name ~~appropriate~~or ~~box~~Former ~~below~~Address, if ~~the~~changed ~~Form 8-K filing~~since ~~is intended to simultaneously satisfy the filing obligation of the~~Last ~~registrant under any of the following provisions (see General Instruction A.2. below~~Report):

~~o Written communications~~Check ~~pursuant~~the toappropriate ~~Rule~~box below if the Form ~~425~~8-K ~~under~~filing is intended to simultaneously satisfy the ~~Securities~~filing ~~Act~~obligation of the registrant under any of the following provisions (17see ~~CFR~~General ~~230~~Instruction A.~~425~~2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~o Pre-commencement communications~~Item ~~pursuant~~8.01 toOther ~~Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~Events

~~o Pre-commencement~~On March 30, ~~communications~~2010, ~~pursuant~~the toRegistrant ~~Rule 13e-4~~and several other direct and indirect U.S. subsidiaries of the Registrant (ccollectively, the “U.S. Debtors”), filed their financial statements included in the Monthly Operating Report for the period from February ~~under~~8, 2010 to March 7, 2010 with the ~~Exchange~~United ~~Act~~States Bankruptcy Court for the District of Delaware (17“U.S. Bankruptcy Court”) (In re Magna Entertainment ~~CFR~~Corp., ~~240~~et al, Chapter 11, Case No.~~13e~~ 09-~~4(c~~10720)). A copy of the monthly operating report is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

~~Item~~The 8Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of the U.01S. ~~Other~~Debtors’ ~~Events~~compliance with the monthly reporting requirements of the U.S. Bankruptcy Court. The Financial information in the Monthly Operating Report was not audited or reviewed by independent accountants, and has not been subject to all procedures that would typically be applied to financial information presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Registrant cautions readers not to place undue reliance upon the Monthly Operating Report. There can be no assurance that such information is complete. The Monthly Operating Report may be subject to future adjustment and reconciliation. The Monthly Operating Report is in a format required by the U.S. Bankruptcy Code and should not be used for investment purposes. The information in the Monthly Operating Report should not be viewed as indicative of future results.

OnItem ~~March 1, 2010, the Registrant and several other direct and indirect U~~9.S.01 ~~subsidiaries~~Financial ofStatements the Registrant (collectively, the “U.S. Debtors”), filed their financial statements included in the Monthly Operating Report for the period from January 1, 2010 to February 7, 2010 with the United States Bankruptcy Court for the District of Delaware (“U.S. Bankruptcy Court”) (In re Magna Entertainment Corp., et al, Chapter 11, Case No. 09-10720). A copy of the monthly operating report is attached as Exhibit 99.1 to this Current Report on Form 8-K and ~~is incorporated by reference herein.~~Exhibits

The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of the U.S. Debtors’ compliance with the monthly reporting requirements of the U.S. Bankruptcy Court. The Financial information in the Monthly Operating Report was not audited or reviewed by independent accountants, and has not been subject to all procedures that would typically be applied to financial information presented in accordance with accounting principles generally accepted in the United States of America (~~“GAAP”~~c), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Registrant cautions readers not to place undue reliance upon the Monthly Operating Report. There can be no assurance that such information is complete. The Monthly Operating Report may be subject to future adjustment and reconciliation. The Monthly Operating Report is in a format required by the U.S. Bankruptcy Code and should not be used for investment purposes. The information in the Monthly Operating Report should not be viewed as indicative of future results. Exhibits

~~Item 9~~Exhibit 99.011 Monthly ~~Financial~~Operating ~~Statements~~Report ~~and~~for ~~Exhibits~~the period February 8, 2010 to March 7, 2010.

~~(c) Exhibits~~SIGNATURES

~~Exhibit 99.1 Monthly~~Pursuant ~~Operating~~to ~~Report~~the requirements ~~for~~of the ~~period~~Securities ~~January 1~~Exchange Act of 1934, ~~2010~~the Registrant has duly caused this report to ~~February 7,~~be ~~2010~~signed on its behalf by the undersigned thereunto duly authorized.

SIGNATURES

	MAGNA ENTERTAINMENT CORP.
		(Registrant)


March 31, 2010	by:	/s/William G. Ford
		William G. Ford
		Executive Vice-President, General
		Counsel and Secretary

~~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 thereunto duly authorized.~~2

	MAGNA ENTERTAINMENT CORP.
	(Registrant)
March 2, 2010	by:	/s/William G. Ford
		William G. Ford
		Executive Vice-President, General
		Counsel and Secretary

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