Canterbury Park got one step closer to operating slot machines with the approval of a bill by the agricultural committee. The park still has a long way to go before their dream comes true. The bill would not just grant slot machines to Canterbury Park, but Running Aces in Columbus, Minnesota would also be permitted to operate slot machines.
Slot machines would do a lot for these tracks. Like most tracks in the nation Canterbury Park and Running Aces have been forced to make serious cutbacks due to lack of interest in the sport. Both venues employ thousands of residents. If they are allowed to go under that would obviously create thousands of unemployed.
Native American casinos have held the monopoly on slot machines for the past few decades. The tribes are not a fan of these parks emerging as competition. Some believe however that the tribes have little to worry about. They have been established for several years and have a faithful clientele. Two new slots parlors will hardly make a negative impact on their gaming venues.
At the moment Canterbury Park has been forced to reduce the number of races held during their season. They have also reduced the amount of their purses. Without a competitive purse it is almost impossible for the track to draw the type of races that really bring money. Slot machine revenue would of course go toward boosting purses.
Minnesota is hoping to follow the example of other states that have found slot machines to be a lucrative source of new and endless revenue.