The situation ended this week when the state budget legislation was passed by the Minnesota legislature and was signed into law by the Governor. With the budget in place, employees of the Minnesota Racing Commission (the “MRC”), the state body that oversees the Canterbury Park’s gaming operations, resumed its tasks today. As a result, the Commission authorized Canterbury to re-open the Card Casino at 10:00 a.m, initiate simulcast racing operations at 11:00 a.m., and live racing at 7:00 p.m.
“We are relieved that this shutdown has come to an end. It has caused undue hardship for far too many. Suspending Canterbury’s operations was extremely painful to the 1,000 employees of Canterbury Park who were laid off without pay, to those employed on our backside and to thousands otherwise involved in Minnesota’s horse industry. Since the shutdown occurred during the heart of racing season, we estimate that Canterbury Park lost as much as $1 million in revenue each week, but we won’t know the final impact until the racing season is over. I look forward to welcoming back our loyal employees and customers and to allowing the horsemen to again compete for purses” commented Canterbury President Randy Sampson.
Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota’s only thoroughbred and quarter horse racing facility. The Company’s 2011 live race schedule began on May 20th and ends September 5th. In addition, Canterbury Park offers “unbanked” card games available 24/7 at its Card Casino, and conducts year-round wagering on simulcast horse racing at its facility.