Associated tags: State, Canterbury Park, Policy, Tourism, Sale, GAAP, Holding company, EBITDA, Cryptocurrency, Bookkeeping, Bank, Next Step Realty, Table, Adjustment, Steps, Bank statement, Security (finance), Tax, Depreciation, Omri Sharon, Restaurant
Locations: SHAKOPEE, MN, MINNESOTA, GREYSTONE, CANTERBURY PARK, PARK, CASINO
Circle,
Table,
Urban planning,
Investment,
Weather,
Foodservice,
State,
ADW,
Depreciation,
Security (finance),
Insurance,
BBQ,
Restaurant,
Tax,
Bank statement,
Swervo,
Adjustment,
Winner,
GAAP,
Pari,
Growth,
Tourism Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
Key Points:
- Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
- “Canterbury delivered strong first quarter 2024 financial results, with net revenues increasing 6.0% to $14.1 million and Adjusted EBITDA rising 14.0% to $3.2 million.
- Pari-mutuel results rose year-over-year primarily due to milder weather and our continued efforts to optimize the operations for this portion of our business.
- Recently, the Minnesota Racing Commission approved the introduction of 500 on-track ADW historical horse racing terminals at Canterbury Park effective May 21, 2024.
SHAKOPEE, Minn., March 14, 2024 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on April 12, 2024 to stockholders of record on March 29, 2024.
Key Points:
- SHAKOPEE, Minn., March 14, 2024 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on April 12, 2024 to stockholders of record on March 29, 2024.
- At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.
Steps,
Marketing,
Winner,
Restaurant,
Investment,
Food,
Growth,
Table,
Sale,
Twin Cities Summer Jam,
BBQ,
Adjustment,
ADW,
Income tax,
GAAP,
Tax,
Security (finance),
Circle,
Bank statement,
Insurance,
Depreciation,
Partnership “Fourth quarter Casino revenue performance reflects a weak October followed by a solid reversal over the balance of the quarter.
Key Points:
- “Fourth quarter Casino revenue performance reflects a weak October followed by a solid reversal over the balance of the quarter.
- Swervo Development Corporation (“Swervo”) has its amphitheater construction in full swing and is on schedule to open in the summer of 2025.
- The income for the twelve months ended December 31, 2023 and the loss from equity investment in the prior period were primarily related to the reasons described above in the fourth quarter results.
- Further financial information for the fourth quarter and full-year ended December 31, 2023, is presented in the accompanying tables at the end of this press release.
Retrieved on:
Thursday, December 14, 2023
SHAKOPEE, Minn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on January 12, 2024 to stockholders of record on December 29, 2023.
Key Points:
- SHAKOPEE, Minn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on January 12, 2024 to stockholders of record on December 29, 2023.
- At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.
Retrieved on:
Thursday, November 9, 2023
Steps,
Sale,
Minneapolis–Saint Paul,
EBITDA,
Food,
Security (finance),
Bank statement,
Investment,
Restaurant,
Omri Sharon,
Database,
Depreciation,
Insurance,
Tax,
Weather,
Calendar,
Marketing,
GAAP,
Adjustment,
Table,
Next Step Realty,
Environment,
Bank,
Rare-earth element,
Bookkeeping,
Tourism,
Cryptocurrency Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
Key Points:
- Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
- “Canterbury Park’s third quarter results represent a continuation of solid Casino segment performance offset by higher operating costs and our previously disclosed reduced racing calendar compared to the year-ago period.
- Swervo Development Corporation (“Swervo”) has begun full-scale development of its state-of-the-art amphitheater with significant activity underway on the 37-acre site.
- Doran Properties Group continues its development of Phase II of the upscale Triple Crown Residences at Canterbury Park, with initial occupancy anticipated in January 2024.
Retrieved on:
Friday, September 15, 2023
SHAKOPEE, Minn., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on October 13, 2023 to stockholders of record on September 29, 2023.
Key Points:
- SHAKOPEE, Minn., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on October 13, 2023 to stockholders of record on September 29, 2023.
- At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.
Retrieved on:
Thursday, August 10, 2023
Steps,
Heart,
Canterbury Park,
Insurance,
Table,
Marketing,
Bank statement,
Omri Sharon,
Greystone,
COVID-19,
Calendar,
Tax,
Foodservice,
GAAP,
Sale,
Parimutuel betting,
EBITDA,
Next Step Realty,
Investment,
Restaurant,
Cooperative,
Depreciation,
Growth,
Security (finance),
Adjustment,
Bank,
Tourism,
Dairy,
Agriculture,
Life insurance,
Cryptocurrency,
Bookkeeping,
Food Second quarter net revenue of $16.3 million and adjusted EBITDA of $2.0 million resulted in adjusted EBITDA as a percentage of revenue of 12.4%.
Key Points:
- Second quarter net revenue of $16.3 million and adjusted EBITDA of $2.0 million resulted in adjusted EBITDA as a percentage of revenue of 12.4%.
- Pari-mutuel revenue declined 31.8% year-over-year primarily due to a significant decline in out-of-state handle on Canterbury Park races.
- During the second quarter of 2023, we completed the $8.8 million sale of 37 acres of land to Swervo Development Corporation (“Swervo”) which cleared the way for it to begin development of a state-of-the-art amphitheater.
- Further financial information for the second quarter ended June 30, 2023 is presented in the accompanying tables at the end of this press release.
SHAKOPEE, Minn., June 14, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on July 14, 2023 to stockholders of record on June 30, 2023.
Key Points:
- SHAKOPEE, Minn., June 14, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of $0.07 per share that will be paid on July 14, 2023 to stockholders of record on June 30, 2023.
- At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.
Steps,
Insurance,
Food,
Table,
Drink,
George H. Doran Company,
Bank statement,
Omri Marcus,
Greystone,
COVID-19,
Calendar,
Tax,
GAAP,
Sale,
EBITDA,
Next Step Realty,
Investment,
Restaurant,
Sport,
Depreciation,
Growth,
Weather,
Security (finance),
Adjustment,
Bar,
Bank,
Tourism,
Dairy,
Cryptocurrency,
Bookkeeping,
Swervo Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
Key Points:
- Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results.
- Doran Companies continues its development of Phase II of the upscale Triple Crown Residences at Canterbury Park, with occupancy for some of the units anticipated in January 2024.
- Lifestyle Communities expects to begin construction of Artessa at Canterbury Park – a cooperative community featuring a 56-unit building with over 5,000 square feet of amenity spaces – in Fall 2023.
- Adjusted EBITDA, a non-GAAP measure, decreased 30.0% year-over-year to $2.5 million in the 2023 first quarter, compared to $3.5 million in the 2022 first quarter.
SHAKOPEE, Minn., May 01, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation, (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that that it has completed the sale of 37 acres of land to Bloomington Investments, LLC, an entity related to Swervo Development (“Swervo”), for total consideration of $8.8 million.
Key Points:
- SHAKOPEE, Minn., May 01, 2023 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation, (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that that it has completed the sale of 37 acres of land to Bloomington Investments, LLC, an entity related to Swervo Development (“Swervo”), for total consideration of $8.8 million.
- The land sold is situated adjacent to County Road 83 and Unbridled Avenue in the northeast corner of Canterbury’s campus.
- With the land sale and government approvals now complete, Swervo expects construction of its planned 19,000-capacity open air amphitheater to begin this Spring, with the venue opening anticipated to be Summer 2025.
- Following the land sale, Canterbury will continue the redevelopment of the horse stabling area, which serves its racing business, with new barns and a new dormitory complex.
