CANTERBURY PARK

Canterbury Park Holding Corporation Reports First Quarter Results

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星期四, 五月 9, 2024
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.

Canterbury Park Holding Corporation Announces Quarterly Cash Dividend

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星期四, 三月 14, 2024
Policy

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.

Canterbury Park Holding Corporation Reports 2023 Fourth Quarter Results

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星期一, 三月 11, 2024
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.

Canterbury Park Holding Corporation Announces Quarterly Cash Dividend

Retrieved on: 
星期四, 十二月 14, 2023
Policy

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.

Canterbury Park Holding Corporation Reports 2023 Third Quarter Results

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星期四, 十一月 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.

Canterbury Park Holding Corporation Reports First Quarter Results

Retrieved on: 
星期四, 五月 11, 2023
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.

Fixed Odds Horse Racing Set to Expand in United States with Launch of MonmouthBets Mobile App

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星期四, 五月 11, 2023
Emerald, Hawthorne Race Course, New Jersey Division of Gaming Enforcement, Century Mile Racetrack and Casino, Tampa Bay Downs, Meadowlands, Growth, Ecosystem, Monmouth Park Racetrack

OCEANPORT, N.J., May 11, 2023 /PRNewswire/ -- BetMakers Technology Group, a global leader in wagering technology, announced today the groundbreaking launch of MonmouthBets, the first legal and regulated mobile application for fixed odds betting on horse racing in the United States.

Key Points: 
  • OCEANPORT, N.J., May 11, 2023 /PRNewswire/ -- BetMakers Technology Group , a global leader in wagering technology, announced today the groundbreaking launch of MonmouthBets, the first legal and regulated mobile application for fixed odds betting on horse racing in the United States.
  • The desire for fixed odds wagering on horse racing is resounding, based on a recent survey commissioned by BetMakers.
  • The company, through its initial client MonmouthBets, is to offer fixed odds wagering on thoroughbred horse racing in New Jersey.
  • Along with the significant interest in fixed odds from American horseplayers, survey results also revealed two-thirds of U.S. sports bettors polled would be more likely to wager on horse racing if fixed odds were available.

CANTERBURY PARK PROMOTES JASON HAUGEN TO NEW ROLE AS VICE PRESIDENT OF REAL ESTATE FOR CANTERBURY PARK DEVELOPMENT, LLC

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星期一, 十一月 14, 2022
Real estate, CPHC, University, State, Commercial property, MBA, University of St. Thomas (Minnesota), Business development, PulteGroup, Commercial, Real estate development, Princeton Newport Partners, Culminating project, PDF, Business, Omri Sharon, Property management, Tourism, Wood-plastic composite, Geology

SHAKOPEE, Minn., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (Canterbury or the Company) (NASDAQ: CPHC), announced today that current Director of Real Estate Development, Jason Haugen, has been named Vice President of Real Estate for Canterbury Park Development, LLC.

Key Points: 
  • SHAKOPEE, Minn., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (Canterbury or the Company) (NASDAQ: CPHC), announced today that current Director of Real Estate Development, Jason Haugen, has been named Vice President of Real Estate for Canterbury Park Development, LLC.
  • In this newly created role, Haugen will continue his work overseeing the development of Canterbury Commons while also managing the growing portfolio of the Companys real estate equity investments.
  • Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State.
  • For a photograph of Jason Haugen and PDF of this release use this link: https://canterburypark.egnyte.com/fl/1Nyzv6jYE9
    For Canterbury Park logo use this link: https://canterburypark.egnyte.com/dl/G2iwt11JCi

Canterbury Park Holding Corporation Reports Record 2022 Third Quarter Results

Retrieved on: 
星期四, 十一月 10, 2022
Steps, Commons, State, Marketing, Investment, Calendar, U.S. Securities and Exchange Commission, Sale, Depreciation, Bar, CPHC, Park, COVID-19, Financial result, Efficiency, Mission statement, SEC, Annual report, Shakopee Mdewakanton Sioux Community, Canterbury, Omri Sharon, Pulte, EBITDA, Sumathi Best Television Current Reporting Award, Sport, Company, Adjustment, Community, GAAP, Cooperative, Growth, Table, Security (finance), Tax, Industry, Foodservice, Income, Pharmaceutical industry, Self storage, Tourism, Renewable energy, Bookkeeping, Race track, Food, Swervo

We delivered record third quarter results, including 4.4% year over year revenue growth to $22.3 million and 3.2% adjusted EBITDA growth to an all-time quarterly record $5.3 million.

Key Points: 
  • We delivered record third quarter results, including 4.4% year over year revenue growth to $22.3 million and 3.2% adjusted EBITDA growth to an all-time quarterly record $5.3 million.
  • Our Racing and Food & Beverage operations also generated strong results as we concluded a great 2022 live racing meet in the third quarter.
  • Canterbury Commons remains a hub of activity as work continued throughout the quarter on a variety of residential and entertainment projects.
  • Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State.

CANTERBURY PARK ADDS TWO MEMBERS TO BOARD OF DIRECTORS

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星期四, 十月 6, 2022
U.S. Securities and Exchange Commission, Strategic management, Canterbury, Sale, JD, Review, Lists of schools in England, LLC, Macalester College, NASDAQ, General counsel, ShopHQ, Restaurant, Contract, MBA, Investment, Senior, Technology, Georgetown University Law Center, Knowledge, University, Master, Company, Industry, Board, BA, Financial regulation, State, GLOBE, Lakes Entertainment, Internet, Blake School, William Mitchell College of Law, RBC Capital Markets, Compliance, Audit, Management, Director, Economics, Security (finance)

SHAKOPEE, Minn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (NASDAQ: CPHC) (“Canterbury Park” or the “Company”) announced today that Peter Ahn and Damon Schramm have been appointed to the Company’s Board of Directors, effective October 5, 2022. The appointment of Mr. Ahn and Mr. Schramm to Canterbury Park’s Board of Directors increases the size of the Board to seven members, six of whom are considered independent directors under NASDAQ rules. Mr. Ahn will serve on the Board’s Audit Committee. Mr. Schramm will serve on the Board’s Compensation Committee.

Key Points: 
  • SHAKOPEE, Minn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (NASDAQ: CPHC) (Canterbury Park or the Company) announced today that Peter Ahn and Damon Schramm have been appointed to the Companys Board of Directors, effective October 5, 2022.
  • The appointment of Mr. Ahn and Mr. Schramm to Canterbury Parks Board of Directors increases the size of the Board to seven members, six of whom are considered independent directors under NASDAQ rules.
  • Mr. Ahn brings to Canterbury Park extensive governance experience, having served on the boards of directors for each of Hemispheres companies.
  • Randy Sampson, Executive Chairman of the Board, President, and Chief Executive Officer of Canterbury Park, commented on Mr. Ahns and Mr. Schramms appointments, We are delighted to welcome Peter Ahn and Damon Schramm to the Board of Directors of Canterbury Park.