SHAKOPEE, Minn., May 16, 2018 /PRNewswire/ -- On May 14, 2018, the United States Supreme
Court issued a decision in Murphy v. National Collegiate
Athletic Association, ruling that The Professional and Amateur
Sports Protection Act violated the United States Constitution. This
Murphy decision allows state legislatures across the country to
determine whether to legalize sports betting.
Canterbury Park Holding Corporation ("Canterbury Park") owns and
operates Canterbury Park Racetrack, Minnesota's only
thoroughbred and quarter horse racing facility. In addition,
Canterbury Park's Card Club hosts card games 24 hours a day, seven
days a week, offering both poker and table games. The Company
also conducts year-round wagering on simulcast horse racing and
hosts a variety of other entertainment and special events at its
facility in Shakopee, Minnesota.
As Canterbury Park has previously reported, on June 15, 2012, Canterbury Park entered into a
ten-year Cooperative Marketing Agreement ("CMA") with the Shakopee
Mdewakanton Sioux Community ("SMSC"). The CMA enhances the purses
for daily racing at Canterbury Park and supports cooperative
marketing programs for the two organizations, benefiting the
stability and quality of live horse racing.
In response to the Supreme Court decision, Canterbury Park
Holding Corporation Chief Executive Officer Randy Sampson, stated: "Resources provided by
the CMA have improved Minnesota's
horse racing industry and tourism in the RiverSouth region.
As part of the agreement, Canterbury Park has obligations to our
CMA partners related to proposals to expand gambling in
Minnesota. Canterbury Park will
review any 2019 legislation related to sports wagering to determine
the potential impact on Minnesota's horse racing industry and will
work with our CMA partners to determine appropriate responses."
About Canterbury Park:
Canterbury Park Holding
Corporation (the Company) owns and operates Canterbury Park
Racetrack and Card Club, Minnesota's only thoroughbred and quarter
horse racing facility. The Company's 70-day 2018 live race
began on May 4 and ends September
15. In addition, Canterbury Park's Card Club hosts "unbanked"
card games 24 hours a day, seven days a week, offering both poker
and table games. The Company also conducts year-round
wagering on simulcast horse racing and hosts a variety of other
entertainment and special events at its facility in Shakopee, Minnesota. For more
information about the Company, please visit us at
www.canterburypark.com.
Cautionary Statement:
From time to time, in press releases and in other communications to
shareholders or the investing public, Canterbury Park Holding
Corporation may make forward-looking statements concerning possible
or anticipated future financial performance, business activities or
plans based on management's beliefs and assumptions. These
forward looking statements are typically preceded by the words such
as "believes," "expects," "anticipates," "intends" or similar
expressions. Shareholders and the investing public should
understand that these forward-looking statements are subject to
risks and uncertainties, including those disclosed in our periodic
filings with the Securities and Exchange Commission, which could
cause actual performance, activities, future dividends or plans
after the date the statements are made to differ significantly from
those indicated in the forward-looking statements when
made.
CONTACT:
|
Randy
Sampson
|
|
(952)
445-7223
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SOURCE Canterbury Park Holding Corporation