The Company has a pristine balance sheet including $13.2 million in cash and no debt. The potential expansion of sports betting to Minnesota could provide an incremental revenue stream to Canterbury Park.Ĭanterbury Park is developing 140 acres of excess land known as Canterbury Commons that could result in significant cash flows to the Company and increase visitation and profits at the Company’s racetrack and casino.
It was incorporated in 1994 and has 237 full-time employees.Ĭanterbury Park’s gaming operations are consistently profitable and at 6.4x trailing EBITDA are attractively priced on both an absolute and relative basis. Canterbury Park is located approximately 25 miles southwest of Minneapolis.
Canterbury Park is also in the process of developing 130 acres of underutilized land adjacent to the Company’s racetrack and casino. The Company also generates revenue through concessions, parking, and various events hosted at the racetrack. The casino operates 70 tables including a poker room and table games. The racetrack features pari-mutuel wagering on live thoroughbred and quarter horse races as well as year-round wagering on out-of-state horse races through simulcasting. Company Overview: Canterbury Park Holding Corporation (“Canterbury Park”, “CPHC” or the “Company”) owns and operates the Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota.
