Canterbury blames internet on losses

3/29/2011 11:34 AM  | bizjournals.com
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Canterbury Park Holding Corp. lost nearly $1 million in 2010 and said increased online gambling on horse racing was partly to blame.

Much of the loss actually came from a charge to upgrade a card casino, but the company lost money regardless. Officials said that increased revenue from cards was offset by a decline in horse-racing revenue owing to the economy and, CEO Randy Sampson said, "the continuing growth in illegal Internet wagering on horse races by Minnesota residents."


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