Canterbury Park to Resume All Operations Thursday

Canterbury Park CPHC announced today it will resume Card Casino, simulcast and live racing operations on Thursday, July 21 after a 20 day suspension of its operations due to a budget impasse that triggered a shutdown of state government beginning July 1. The budget stalemate ended this morning when 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 Company's gaming operations, will return to work tomorrow. As a result, the Commission has authorized Canterbury to re-open the Card Casino at 10:00 a.m. Thursday and to resume 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,” Canterbury President Randy Sampson said. “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.”