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Canterbury Park's Racino Proposal Passes Final Minnesota House Committee16 April 2003SHAKOPEE, Minnesota – (Press Release) -- Canterbury Park Holding Corporation (Amex: ECP) announced today that its proposal to develop a "Racino" by adding new casino gaming options to its existing Racetrack and Card Club in Shakopee, Minnesota was approved by a third committee in the Minnesota Legislature. Yesterday, the House Ways and Means Committee approved the Racino legislation on a 13-to-12 vote, and the bill is now on its way to a vote on the floor of the House. The Senate version of this bill was tabled last week in the State and Local Government Operations Committee. Canterbury's Racino proposal is contained in House File 646, authored by Rep. Mark Buesgens (R-Jordan). This bill authorizes the Minnesota Lottery to operate slot machines at the Shakopee location owned by Canterbury Park. The Racino proposal would add several new forms of entertainment at this site, including slot gaming, an Olympic-scale equestrian center, a 3,000-seat show horse arena, and a major hotel and conference center. Canterbury Park's President, Randy Sampson commented: "We are very pleased to advance this bill to the House floor, where we expect the vote will be very close. Canterbury Park and our supporters will continue to work with legislators to make our case for how the Racino can create jobs and generate much needed economic development revenues for Minnesota." |