regulatory
confidence high
sentiment negative
materiality 0.85
Minnesota governor signs bill banning historical horse racing at Canterbury Park
Canterbury Park Holding Corp
- On May 24, 2024, MN Governor signed law amending Chapter 240 to prohibit historical horse racing ADW at Canterbury Park track.
- Law blocks up to 500 terminals previously approved by MRC on April 1, 2024; restricts company to horse racing and card club only.
- Law limits MRC authority, prohibits MRC from approving historical horse racing, slot machines, video games of chance.
- Canterbury Park may not offer any form of gaming outside horse racing and card club operations.
- The legislative change reverses MRC's April 1 approval and eliminates ADW historical horse racing as a growth opportunity.