Business Deals | Legislation

MPR: Shakopee Tribe signs agreement with non-Indian racetrack

Tuesday, June 5, 2012

"A Minnesota horse racing track is getting a major financial boost from a former competitor.

The Shakopee Mdewakanton Sioux Community says it will spend $75 million over the next decade to subsidize prize purses at nearby Canterbury Park. In return, Canterbury has agreed to oppose any legislative effort to establish trackside casinos, known as racinos.

The Shakopee Mdewakanton Sioux Community runs the Mystic Lake Casino in Prior Lake. The Canterbury Park racetrack is four miles due north from there.

To boost revenue, Canterbury had long sought permission from the legislature to add slot machines at the track, which the tribe has consistently opposed. But now the fight is over, said Canterbury Park president Randy Sampson."

Get the Story:
Canterbury Park, Shakopee Mdewakanton Sioux Community nose out competitors (Minnesota Public Radio 6/4)

Also Today:
Press Release: Canterbury Park, Shakopee Mdewakanton Sioux Community Sign Ten-Year Cooperative Marketing Agreement (Canterbury Park/Shakopee Mdewakanton Sioux Community 6/4)
Canterbury Park and tribe cut deal on gambling (The Minneapolis Star Tribune 6/5)
$75 million deal: Canterbury, tribe shake hands (The Chanhassen Villager 6/5)