TrackNet Media Group to Manage Simulcast Sales and Purchasing for Oaklawn Park

TrackNet Media Group, LLC (“TrackNet”) and Oaklawn Jockey Club, Inc., the owner of historic Oaklawn Park racetrack located in Hot Springs, Ark., today announced that they have entered into an agreement pursuant to which TrackNet will manage the simulcast sales of Oaklawn Park’s live racing signal. TrackNet will also manage the purchase of third-party racing content that Oaklawn Park offers as part of its simulcast program at the track. The agreement takes effect immediately.

“Oaklawn Park offers some of the most popular and competitive winter racing in the United States, with a fantastic stakes program that includes key Triple Crown prep races,” said TrackNet Chief Executive Officer Scott Daruty. “Oaklawn Park’s racing program is a favorite among horsemen and horseplayers, and we are excited to add Oaklawn races to TrackNet’s content line-up.”

Oaklawn Park General Manager Eric Jackson said TrackNet’s commitment to seek fair compensation for the horsemen and racetracks that create horse racing content was one of the key reasons to utilize TrackNet as a simulcast sales and purchasing agent. “Oaklawn Park chose to work with TrackNet because we know how much the growth of simulcasting and account wagering has changed the economics of the horse racing industry,” said Jackson. “We share TrackNet’s view that horse racing content should be distributed on a broad, non-exclusive basis to responsible, regulated wagering outlets that comply with wagering integrity and compliance standards. We believe that TrackNet is working to achieve this goal in a way that will benefit the entities that invest their time, talents and financial resources to ‘put on the show.’ We look forward to working with TrackNet management as we prepare for Oaklawn Park’s 2008 live racing season.”

With the addition of Oaklawn Park, TrackNet now manages the simulcast sales and purchasing for 20 North American racetracks, including Arlington Park, Calder Race Course, Churchill Downs, Fair Grounds Race Course, Golden Gate Fields, Gulfstream Park, Pimilco Race Course, Santa Anita Park and other popular racing venues.

TrackNet Media Group, LLC is a venture of North America’s premier horse racing and entertainment companies, Churchill Downs Incorporated (NASDAQ: CHDN) and Magna Entertainment Corp. (NASDAQ: MECA; TSX: MEC.A). TrackNet sells horse racing content from its stable of racetracks to a variety of domestic and international wagering outlets, including racetracks, casinos, off-track wagering facilities, and advance deposit wagering companies. TrackNet also purchases horse racing content from third party racetracks for distribution to its member racetracks and its affiliated advance deposit wagering platforms, including XpressBet, TwinSpires, and BrisBET. TrackNet employs the highest standards of wagering security and integrity when licensing horse racing content to third parties to reduce the chances of signal piracy and ensure content producers receive the compensation they are due. TrackNet is headquartered in Louisville, Ky., and also has offices in Arcadia, Calif.