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MTR Joins $30M Harness Racetrack Effort

FOREST LAKE, MN-The new player could spur development of a harness track and card room on a 165-acre site in Columbus Township

By Jim McCartney | Updated on February 24, 2004

FOREST LAKE, MN–MTR Gaming Group, a Chester, WV-based resort and gaming company, has signed an agreement to invest $7.5 million for a 50% share in a proposed Minnesota harness racing track The company has signed on with Bloomington, MN-based Southwest Casino and Hotel Corp. to build a harness racetrack and card club on a 165-acre site in Columbus Township, which is near Forest Lake, MN.

The venture would build a $30 million harness track and card room featuring poker and other games. The track would be about 30 miles north of Minneapolis, and 53 miles from Canterbury Park in Shakopee, the only other racetrack in the Twin Cities area.

When Southwest first applied for its license, the Minnesota Racing Commission expressed concern over the company’s ability to fund its proposal, but MTR Gaming’s involvement could ease those concerns. The proposed track would be the second of only two racetracks permitted by law in the seven-county Minneapolis metropolitan area.

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