Omri Sharon

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 2023 Second Quarter Results

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星期四, 八月 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.

Canterbury Park Holding Corporation Reports 2022 Fourth Quarter Results

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星期一, 三月 20, 2023
Steps, Canterbury Park, Spring Education Group, Shakopee, Minnesota, Partnership, Food, CMA, Table, Bank statement, Omri Sharon, COVID-19, Tax, Income tax, American Rescue Plan Act of 2021, GAAP, Sale, EBITDA, Next Step Realty, Work, Investment, Restaurant, Financial result, Depreciation, Growth, Security (finance), Adjustment, Pulte, Environment, Cryptocurrency, Bank, Tourism, Bookkeeping, Airline

Results for the three month periods ended December 31, 2022 and December 31, 2021 and the twelve months ended December 31, 2022 reflected no closures or capacity limitations.

Key Points: 
  • Results for the three month periods ended December 31, 2022 and December 31, 2021 and the twelve months ended December 31, 2022 reflected no closures or capacity limitations.
  • “Canterbury Park finished 2022 with strong fourth quarter financial results that continue to demonstrate the revenue, Adjusted EBITDA and margin growth profile we have established compared to pre-pandemic periods.
  • “Progress on the development of Canterbury Commons™ continued in the 2022 fourth quarter and in the first months of 2023.
  • Further financial information for the fourth quarter and full year ended December 31, 2022 is presented in the accompanying tables at the end of this press release.

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.