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Chris McCarron New General Manager of Santa Anita

Chris McCarron
Date: 03/05/03

Jim McAlpine, President and CEO of Magna Entertainment Corp. and Jack Liebau, President of MEC's California Operations, are pleased to announce the appointment of Chris McCarron as Vice President and General Manager of Santa Anita Park.

In commenting on the appointment, Jim McAlpine noted that: "Jack Liebau and his management teams at Santa Anita, Bay Meadows, Golden Gate Fields and San Luis Rey Downs have done a great job of bringing together and developing MEC's operations in California. The appointment of Chris McCarron to the position of General Manager of Santa Anita will add an important new dimension to the Company's leadership team. In his new position, Chris will report to Jack Liebau."

Frank Stronach, MEC's Chairman, commented that: "Chris is a man of great integrity who has devoted his entire professional life to the sport of thoroughbred racing. He has had an outstanding career to date. Working with Jack Liebau and the rest of the Santa Anita team I know Chris will continue to make an important contribution to our sport and that he will make a positive contribution to the growth and well being of Santa Anita and MEC."

Chris McCarron stated, "Until very recently, I thought I would be spending most of my time in the future on a golf course. But when Frank approached me about this opportunity, I took a closer look at the Company, at what has been accomplished over the past few years and at what is planned for the future and I told my wife Judy, I want to be a part of it. I love this sport and I want to see it restored as a major sporting attraction in North America and internationally. For me, the best way to do that is to become part of the MEC team. Frank and the entire MEC management group are committed to live horse racing as a sports and entertainment business. I can hardly wait to start!"

Chris' career has been impressive with considerable recognition including two Eclipse Awards, the George Woolf Memorial Jockey Award and induction into the National Museum of Racing Hall of Fame in 1989.

Chris takes up his new duties effective March 31, 2003. In the meantime, he plans to enjoy the balance of his short-lived retirement playing golf.

MEC, North America's number one owner and operator of thoroughbred racetracks, acquires, develops and operates horse racetracks and related pari- mutuel wagering operations including off-track betting facilities, and owns and operates a national account wagering system called XpressBet(TM).

Article and photo from a Magna Entertainment Corp. press release.

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