Canterbury Park Comments on Advancement of Modified Racino Plan.SHAKOPEE, Minn. -- Canterbury Park Canterbury Park is a horse racing track located in Shakopee, Minnesota, USA. It runs a meet that consists of 69 racing days from early May to Labor Day, generally holding scheduled races Thursday through Sunday, with racing added on several holidays throughout the meet. Holding Corporation (AMEX AMEX See: American Stock Exchange :ECP (Enhanced Capabilities Port) See IEEE 1284. 1. ECP - Engineering Change Proposal. 2. ECP - Enhanced Capabilities Port. 3. ECP - Extended Capabilities Port. 4. ECP - Extended Concurrent Prolog. ) announced today that a merged version of Canterbury Park's Racino proposal and Governor Tim Pawlenty's proposal to allow a Tribal-run metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. casino passed the Committee on Jobs and Economic Opportunity Finance in the Minnesota House of Representatives The Minnesota House of Representatives is the lower house in the Minnesota State Legislature. There are 134 members elected to two-year terms, twice the number of members in the Minnesota Senate. late Friday evening. The modified legislation would authorize two casinos to be built at Canterbury Park's 380-acre Shakopee location, with one casino to be operated by Canterbury Park and one to be operated by Minnesota's Northern Tribes. Under the new model, Canterbury Park would be required to pay a $150 million up-front fee to the state, which is $50 million more than previously proposed. In exchange for the higher up-front payment, Canterbury Park would retain a greater percentage of gross gaming revenues from the slot machines and banked blackjack blackjack, one of the world's most widely played gambling card games; also known as twenty-one or vingt-et-un. Despite contesting claims between the French and Italians, its origins are unknown. . "We are currently reviewing the new model laid out by the Governor to ensure the proposal is workable. Our goal from the beginning has been to put together a proposal that benefits the state of Minnesota as well as the horse industry. We will continue to work through the details of this plan with the Governor's office, and I am confident we can find an arrangement that is acceptable to all parties involved." The proposal will likely be heard next by the Minnesota House Committee on Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means. in the coming weeks. The original Racino proposal, House File 1664, is also still alive in the House and residing in the Taxes Committee. ABOUT CANTERBURY PARK: Named to Fortune Small Business' July 2004, 100 fastest growing companies list (#52), Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota's only pari-mutuel horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with facility. The Company's 69-day 2005 live race meet is expected to begin on May 7 and ended September 5, 2005. In addition, the Company is authorized under Minnesota law to host "unbanked" card games. Canterbury Park's Card Club operates 24 hours a day, seven days a week, and receives collection revenue from 31 poker tables and 19 tables offering a variety of unbanked card games. The Company also conducts year-round wagering of simulcast horse racing and hosts a variety of other entertainment and special events at its facility in Shakopee, Minnesota Shakopee is a city in Scott County, Minnesota, United States. The population was 20,568 in the 2000 census, with an estimated 2004 population of just short of 30,000, representing a growth of around 43 percent. It is the county seat of Scott County6. . For more information about the Company please visit us at www.canterburypark.com. Cautionary Statement: From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Company may make forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning possible or anticipated future financial performance, business activities or plans which are typically preceded by the words "believes," "expects," "anticipates," "intends" or similar expressions. For such forward-looking statements, the Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that such forward-looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans to differ significantly from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: material fluctuations in attendance at the Racetrack, material changes in the level of wagering by patrons, decline in interest in the unbanked card games offered at the Card Club, competition from other venues offering unbanked card games, legislative and regulatory changes, the impact of wagering products and technologies introduced by competitors; increases in the percentage of revenues allocated for purse fund payments; increases in compensation and employee benefit costs; the general health of the gaming sector; higher than expected expense related to new marketing initiatives; and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. |
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