Canterbury Park Holding Corporation (CPHC) Bundle
A Brief History of Canterbury Park Holding Corporation (CPHC)
Company Overview
Canterbury Park Holding Corporation (NASDAQ: CPHC) is a horse racing and casino gaming company based in Shakopee, Minnesota.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $48.3 million | $5.2 million | $1.07 |
| 2022 | $45.7 million | $4.8 million | $0.98 |
Key Business Segments
- Horse Racing Operations
- Casino Gaming
- Live Entertainment
Stock Performance
As of January 2024, CPHC stock price: $16.75 per share
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Racing Days | 69 days |
| Total Casino Gaming Revenue | $22.5 million |
Corporate Headquarters
Located at: 1100 Canterbury Road, Shakopee, Minnesota 55379
A Who Owns Canterbury Park Holding Corporation (CPHC)
Significant Shareholders
| Shareholder Name | Shares Owned | Percentage of Ownership |
|---|---|---|
| Randal D. Bartz | 340,000 | 9.3% |
| Stephen P. Weisman | 212,000 | 5.8% |
| Gregory A. Hahn | 185,000 | 5.1% |
Institutional Ownership
As of the latest SEC filing, institutional investors hold approximately 42.6% of Canterbury Park Holding Corporation shares.
- First Eagle Investment Management LLC: 215,000 shares
- Dimensional Fund Advisors LP: 187,500 shares
- Vanguard Group Inc: 163,200 shares
Executive Ownership
Canterbury Park Holding Corporation executives collectively own 18.2% of total outstanding shares.
| Executive Name | Position | Shares Owned |
|---|---|---|
| Randal D. Bartz | President & CEO | 340,000 |
| Robert F. Fabian | Vice President | 125,000 |
Canterbury Park Holding Corporation (CPHC) Mission Statement
Company Overview
Canterbury Park Holding Corporation (NASDAQ: CPHC) operates a horse racing and casino entertainment complex in Shakopee, Minnesota.
Financial Performance
| Total Revenue (2022) | $55.3 million |
| Net Income (2022) | $4.1 million |
| Total Assets (2022) | $75.6 million |
| Shareholders' Equity | $39.2 million |
Core Business Operations
- Horse racing events
- Casino gaming
- Simulcast wagering
- Entertainment venue operations
Strategic Focus Areas
Key Strategic Priorities:
- Expand gaming and entertainment offerings
- Enhance customer experience
- Optimize operational efficiency
Market Position
Canterbury Park is the primary horse racing and gaming venue in Minnesota, serving approximately 500,000 annual visitors.
Corporate Governance
| Publicly Traded | NASDAQ |
| Ticker Symbol | CPHC |
| Headquarters Location | Shakopee, Minnesota |
How Canterbury Park Holding Corporation (CPHC) Works
Company Overview
Canterbury Park Holding Corporation (NASDAQ: CPHC) is a publicly traded company operating in the horse racing and entertainment industry based in Shakopee, Minnesota.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $39.8 million |
| Net Income | $4.2 million |
| Earnings Per Share | $1.08 |
| Market Capitalization | $74.5 million |
Business Segments
- Horse Racing Operations
- Casino Gaming
- Entertainment Venues
- Simulcast Wagering
Operational Facilities
Canterbury Park facility spans 230 acres in Minnesota, featuring:
- 1-mile racetrack
- 4,000 seat grandstand
- Casino gaming floor
- Multiple entertainment venues
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $19.75 |
| 52-Week High | $22.50 |
| 52-Week Low | $16.25 |
Wagering Statistics
Annual Wagering Volume: $287.6 million
Regulatory Compliance
Operates under Minnesota State Gaming Commission regulations
How Canterbury Park Holding Corporation (CPHC) Makes Money
Racing Operations Revenue
Canterbury Park generates revenue through live horse racing events. In 2022, the company reported $22.4 million in total racing revenues.
| Revenue Stream | Amount ($) |
|---|---|
| Live Racing Event Income | 12,600,000 |
| Simulcast Wagering | 7,800,000 |
| Pari-mutuel Betting Commissions | 2,000,000 |
Alternative Revenue Sources
- Casino Gaming Operations
- Card Casino Revenue
- Food and Beverage Services
Casino Gaming Income
Canterbury Park operates electronic gaming machines, generating $15.3 million in gaming revenues for 2022.
| Gaming Machine Type | Revenue ($) |
|---|---|
| Electronic Gaming Machines | 9,700,000 |
| Card Casino Revenue | 5,600,000 |
Additional Revenue Components
The company generates supplemental income through:
- Event Center Rentals
- Sponsorship Agreements
- Concession and Merchandise Sales
Financial Performance
In 2022, Canterbury Park reported total revenues of $38.7 million with a net income of $4.2 million.
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