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twitterLatest Canterbury casino plan promises more slots, profit
Thursday, March 10, 2005 | 9:07 a.m.
ST. PAUL -- Owners of Shakopee's Canterbury Park horse track trotted out a revised casino proposal Wednesday, hoping to remain a player in a gambling debate that is more charged than ever.
Canterbury officials have sought state approval for a casino since 1997 and even passed such a plan through the House in 2003. The Senate remains the big question mark, although supporters appear to have made some headway in recruiting members of the DFL majority.
Nicknamed a racino, the development would add 3,000 slot machines, 40 blackjack tables and hotel, convention, retail and arenas to the existing horse track.
Track owners would pay the state $100 million for a license and then turn over 35 percent of slot revenue to the state treasury every year, estimated at $81 million in 2007 and growing every year after.
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