Canterbury Park Holding Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $82.9M
- Price
- $15.99
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.20%
- Volume
- 3.7K
About
Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, card casino, food and beverage, and real estate development businesses. The company's Horse Racing segment operates year-round simulcasting of horse races, as well as wagering on live thoroughbred and quarter horse races on a seasonal basis. Its Card Casino segment offers unbanked card games, such as poker and table games. The company's Food and Beverage segment operates concession stands, restaurants and buffets, bars, and other food venues, as well as café style restaurants and full-service bars within the Card Casino and simulcast area. This segment also provides lounge services along with a buffet restaurant; various concession style food and beverages during live racing; and catering and events services. Its Development segment engages in various development opportunities, such as residential development, office, restaurants, hotel, entertainment, and retail operations. The company is also involved in the provision of related services and activities, such as parking, advertising signage, publication sales, and other entertainment events and activities. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota.
Quick stats
Shares outstanding5.2M
Computed float3.4M
Float / shares65.7%
Key info
SectorConsumer Cyclical
IndustryGambling, Resorts & Casinos
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001672909
AI Summary
AI-generated1/7
standardbullishearnings
Canterbury Park Holding Corporation Reports Second Quarter Results
Canterbury Park reported Q2 revenue of $16.2 million, up 3.2% year-over-year, driven by growth in Casino, Pari-mutuel, and Food & Beverage segments.
Adjusted EBITDA increased 29.3% to $2.6 million, while the net loss narrowed to $148,000 despite a $419,000 impairment charge related to prior-year purse overpayments.
Management highlighted a strong balance sheet, noting over $11 per share in cash and TIF receivables against 5.2 million shares outstanding.
Red flags
- Impairment charge of $419,000 related to horseracing purse overpayments
- No legislative action taken to legalize sports betting or enhance horseracing purses