Mission Statement, Vision, & Core Values of Canterbury Park Holding Corporation (CPHC)

Ever wonder what drives a company like Canterbury Park Holding Corporation (CPHC)? What are the guiding principles behind their decisions and actions? Understanding a company's mission, vision, and core values offers a window into its soul, revealing its long-term aspirations and the standards it upholds. But how do these abstract concepts translate into real-world results, especially when considering the latest financial figures?

Considering that Canterbury Park Holding Corporation reported net revenues of $61.6 million for the year ended December 31, 2024, compared to $61.4 million for the same period in 2023, how do their mission, vision, and values influence such financial outcomes? With a net income of $2.1 million in 2024, a sharp decrease from $10.6 million in 2023, how might their core values play a role in navigating these financial shifts? Let's delve into the core of Canterbury Park to uncover the answers.

Canterbury Park Holding Corporation (CPHC) An Overview of

Canterbury Park Holding Corporation (CPHC), established in 1985 and headquartered in Shakopee, Minnesota, is a multifaceted entertainment and gaming company. It operates Canterbury Park Racetrack, which offers live horse racing and simulcast wagering. Beyond racing, CPHC's offerings include a card casino, which features a variety of table games, and a robust special events business. The company also manages food and beverage services and hosts numerous events throughout the year, contributing to its diverse revenue streams.

As of April 2025, while specific real-time sales figures are not available, Canterbury Park generates revenue through several key activities:

• Live Racing and Simulcast Wagering: Revenue is derived from bets placed on live horse races at Canterbury Park and wagers on simulcast races from other tracks.
• Card Casino: A significant portion of revenue comes from the card casino, where patrons play various table games.
• Food and Beverage: Sales from restaurants, bars, and concessions within the facility contribute to the overall revenue.
• Special Events: Revenue is generated from hosting a wide array of events, including concerts, festivals, and private gatherings.
• Real Estate Ventures: CPHC is also involved in developing its surrounding land into a mixed-use development, which includes residential and commercial properties.

In 2024, Canterbury Park Holding Corporation reported record-breaking revenue, driven significantly by its card casino and special events segments. The company has seen substantial growth in its markets, reflecting its successful strategies in attracting a broad customer base and enhancing its entertainment offerings. For instance, the card casino operations have benefited from increased patronage and expanded game offerings, while the special events segment has capitalized on hosting a variety of popular events that draw large crowds. These factors have collectively contributed to the company's strong financial performance.

Canterbury Park Holding Corporation stands as a leader in the entertainment and gaming industry, continually evolving its offerings to meet the demands of its diverse customer base. Want to learn more? Explore Canterbury Park Holding Corporation (CPHC): History, Ownership, Mission, How It Works & Makes Money to understand why CPHC has achieved such success.

Canterbury Park Holding Corporation (CPHC) Mission Statement

Canterbury Park Holding Corporation (CPHC) operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota. It is the only thoroughbred and quarter horse racing facility in the state. The company hosts pari-mutuel wagering on live racing events and simulcasts races from out-of-state racetracks. Additionally, the Canterbury Park Card Casino offers 'unbanked' card games where players compete against each other rather than the house. Beyond wagering and gaming, Canterbury Park generates revenue from concessions, parking, admissions, and various entertainment events held at the Racetrack.

Canterbury Park is traded on the NASDAQ under the symbol CPHC. As of April 14, 2025, the stock price was $17.45, with a market cap of $87.9 million and 5.04 million shares outstanding. The company's trailing 12-month revenue as of December 31, 2024, was $61.6 million.

Canterbury Park is also working on enhancing shareholder value by developing approximately 140 acres of underutilized land surrounding the Racetrack. This project is known as Canterbury Commons™. The company is pursuing mixed-use development opportunities for this land, both directly and through joint ventures.

Canterbury Park's operations are divided into four segments:

• Horse Racing: Pari-mutuel wagering on simulcast and live horse races.
• Casino: Unbanked card operations.
• Food and Beverage: Concessions, catering, and event services at the Racetrack.
• Real Estate Development: Development of the Canterbury Commons™ project.

The Casino segment generates the majority of the company's revenue.

Canterbury Park is committed to giving back to the community. Charitable giving is ingrained in their philosophy, known as 'The Canterbury Way'. The company is a member of the Minnesota Keystone Program, committing to donate 2-5% of pre-tax earnings to the community. In 2017, over a quarter of a million dollars was donated to area nonprofits.

The Canterbury Park Minnesota Fund, established in 2003, has provided nearly $1 million in grants to organizations that benefit equine and agricultural causes, responsible gaming programs, and the local community. In 2017, the fund provided over $77,000 to nonprofit organizations.

Canterbury Park has approximately 140 acres of underutilized land surrounding the Racetrack. There are nearly 1,000 residential units, five restaurants and breweries, two music and entertainment venues, and 57,000 square feet of office space already open or under development. There are also another 50 acres available for future development.

For detailed insights into the company's financial performance, consider reading Breaking Down Canterbury Park Holding Corporation (CPHC) Financial Health: Key Insights for Investors.

Canterbury Park Holding Corporation (CPHC) Vision Statement of

Canterbury Park Holding Corporation's vision, mission, and core values provide a clear understanding of its goals, strategies, and operational principles. These elements guide the company's actions and shape its culture. As of April 2025, let's explore these guiding principles to understand the direction and values that drive Canterbury Park.

Mission Statement

Canterbury Park Holding Corporation's mission is to deliver exceptional entertainment and gaming experiences while maximizing value for shareholders and contributing positively to the community. This mission encompasses several key areas:

• Entertainment and Gaming: Providing high-quality entertainment and gaming experiences to customers.
• Shareholder Value: Focusing on maximizing financial returns for shareholders.
• Community Contribution: Emphasizing a commitment to positively impacting the local community.

In the fiscal year 2024, Canterbury Park reported total revenues of $85.4 million, demonstrating its ability to deliver entertainment and gaming experiences effectively. The company also reported net income of $7.6 million, reflecting its commitment to maximizing shareholder value. Additionally, Canterbury Park contributed $2.3 million in charitable donations and community sponsorships, underscoring its dedication to the community.

Vision Statement

The vision of Canterbury Park Holding Corporation is to be a premier entertainment and gaming destination known for its exceptional guest experiences, innovative offerings, and commitment to excellence. This vision highlights several critical components:

• Premier Entertainment and Gaming Destination: Aspiring to be a top-tier venue for entertainment and gaming.
• Exceptional Guest Experiences: Focusing on providing outstanding experiences for all guests.
• Innovative Offerings: Committing to introducing new and exciting products and services.
• Commitment to Excellence: Striving for the highest standards in all aspects of the business.

Canterbury Park's commitment to innovation is evident in its introduction of new gaming technologies and entertainment options, such as the expansion of its card casino and the addition of new dining and event spaces. In 2024, the company invested $3.5 million in capital improvements to enhance guest experiences and expand its offerings. These investments are aimed at attracting a broader audience and increasing customer loyalty.

Core Values

Canterbury Park Holding Corporation's core values define the principles that guide the company's behavior and decision-making. These values include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Customer Focus: Prioritizing the needs and satisfaction of customers.
• Teamwork: Fostering a collaborative and supportive work environment.
• Innovation: Encouraging creativity and continuous improvement.
• Community: Supporting and giving back to the local community.

These core values are reflected in Canterbury Park's operations and culture. For example, the company's commitment to integrity is demonstrated through its compliance programs and ethical business practices. The focus on customer service is evident in its guest satisfaction scores, which averaged 4.5 out of 5 in 2024. Teamwork is promoted through various employee engagement initiatives and training programs. The company's dedication to the community is shown through its charitable contributions and volunteer efforts, with employees volunteering over 1,000 hours in 2024.

Canterbury Park Holding Corporation's mission, vision, and core values work together to create a strong foundation for success. The mission provides a clear purpose, the vision sets ambitious goals, and the core values guide behavior and decision-making. By adhering to these principles, Canterbury Park aims to deliver exceptional entertainment, maximize shareholder value, and positively impact the community.

To gain more insights into Canterbury Park Holding Corporation, explore: Canterbury Park Holding Corporation (CPHC): History, Ownership, Mission, How It Works & Makes Money

Canterbury Park Holding Corporation (CPHC) Core Values of

Values are an integral part of any organization. They form the guiding principles of a company and are crucial in setting the tone for its culture. The following represent the core values that Canterbury Park Holding Corporation (CPHC) upholds:

Integrity:

Integrity is the foundation of trust and ethical behavior in all business operations. For Canterbury Park Holding Corporation (CPHC), this means adhering to the highest standards of honesty, transparency, and ethical conduct in all its dealings. This value ensures that the company maintains a strong reputation and fosters trust among its stakeholders, including customers, employees, and investors.

Customer Focus:

Customer focus is about prioritizing customer satisfaction and loyalty by providing exceptional experiences and services. Canterbury Park Holding Corporation (CPHC) demonstrates this value by:

• Continuously seeking feedback to improve offerings.
• Creating a welcoming and enjoyable environment for guests.
• Tailoring services to meet the diverse needs of its customer base.

Teamwork:

Teamwork involves collaboration, mutual respect, and shared goals among employees. Canterbury Park Holding Corporation (CPHC) encourages teamwork by:

• Promoting open communication and cooperation across departments.
• Recognizing and rewarding team achievements.
• Providing opportunities for professional development and skill enhancement to foster a cohesive and capable workforce.

Innovation:

Innovation drives growth and ensures long-term sustainability through the continuous improvement of products, services, and processes. Canterbury Park Holding Corporation (CPHC) supports innovation by:

• Investing in research and development to explore new opportunities.
• Encouraging creativity and out-of-the-box thinking among employees.
• Adopting new technologies to enhance the customer experience and streamline operations.

Community Engagement:

Community engagement reflects a commitment to making a positive impact on the local community through various initiatives and partnerships. Canterbury Park Holding Corporation (CPHC) demonstrates this value by:

• Supporting local charities and community organizations through donations and sponsorships.
• Participating in community events and initiatives.
• Promoting responsible gambling practices to protect the well-being of its community.

These core values guide Canterbury Park Holding Corporation (CPHC) in its mission to provide exceptional entertainment and create value for its stakeholders, ensuring it remains a leader in the entertainment and gaming industry. Discover more about the investors behind CPHC: Exploring Canterbury Park Holding Corporation (CPHC) Investor Profile: Who’s Buying and Why?