Suspension Of All Operations From July 1 To July 20, 2011

9 Months Ended

Sep. 30, 2011

Suspension Of All Operations From July 1 To July 20, 2011 [Abstract]

Suspension Of All Operations From July 1 To July 20, 2011

8. SUSPENSION OF ALL OPERATIONS FROM JULY 1 TO JULY 20, 2011

Effective at midnight on June 30, 2011, the Company suspended all of its gaming operations.  This action stemmed from the inability of Minnesota's Governor and Legislature to reach agreement on the State's budget for the biennium beginning July 1, 2011.  The inability to reach an agreement forced many state agencies to immediately shut down because no monies had been appropriated for their operations.  The Minnesota Racing Commission ("MRC"), the agency which regulates Canterbury Park's pari-mutuel and Card Casino gaming operations, was one of the many state agencies ordered to close, and, without this regulatory oversight, the Company was directed to cease gaming operations pending the appropriation of funds for the MRC.  A budget agreement was approved on July 20, 2011 which included an appropriation for the MRC, and Canterbury Park resumed all operations on July 21, 2011.  The suspension of operations until July 21, 2011 had a material, adverse effect on the Company's results of operations for the quarter ending September 30, 2011, as well as on its fiscal year results as compared to the same periods in 2010.