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Canterbury Proposes $120M Casino

SHAKOPEE, MN-The "Racino" at its 380-acre racetrack site would generate less money than a casino proposed by Gov. Tim Pawlenty and three Northern Minnesota Indian tribes.

By Jim McCartney | Updated on March 10, 2005

SHAKOPEE, MN-Officials of the Canterbury Park racetrack this week unveiled their latest proposal for a state-sponsored $120-million casino here. Canterbury Park offered an economic analysis performed by Minneapolis-based GVA Marquette Advisors that concludes a casino at its racetrack at its 380-acre site, called Racino, would generate at least $200 million in new tax revenue for the state during the first two years of full operation.

“The Racino model is working in states like Iowa, New Mexico and Delaware,” says Randy Sampson, chief executive officer of Canterbury Park. GVA Marquette Advisors examined the growing demand for increased entertainment options such as slot and video gaming in the metro area.

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