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Subsequent Event
3 Months Ended
Mar. 31, 2013
Subsequent Event [Abstract]  
Subsequent Event

8.   SUBSEQUENT EVENT

 

In August 2012, North Metro Harness Initiative (“NHMI”) initiated litigation against the MHBPA and the Company seeking to be relieved of its obligations to supplement purses at Canterbury Park under its Purse Supplement Agreement with the MHBPA.  The Company believed the theories asserted by NHMI in its complaint against them were without merit, and the Company and the MHBPA brought motions to dismiss NHMI’s lawsuit.  In addition, both the Company and the MHBPA moved for an order compelling arbitration of the claims in NHMI’s lawsuit, which is the only remedy permitted by the terms of the Purse Supplement Agreement. On May 2, 2013, the court ordered that NHMI’s claims against the Company be dismissed with prejudice, and the court further ordered that NMHI’s claims against the MHBPA be submitted to binding arbitration.