Canterbury Park didn't get slot machines, but it did win changes expected to generate more revenue from its card club to support purses.
Canterbury Park Holding Corp., despite temporary shutdown of operations last summer at Canterbury Park, reported positive financial figures for 2011 and the fourth quarter of last year.
Canterbury Park officials said overall business numbers for the Minnesota track's 2011 meet were "encouraging" in the face of 20 lost days caused by a state government shutdown.
Canterbury Park Holding Corp., parent of Canterbury Park in Minnesota, reported a gain in income for the third quarter of 2009.
- By Tom LaMarra
A 7.3% decline in pari-mutuel revenue contributed to an overall drop in net income in 2005 for Canterbury Park Holding Corp., which owns Canterbury Park in Shakopee, Minn.
Canterbury Park in Minnesota will open May 14 with a 10% increase in purses. The daily average will be $138,000, the highest since the track reopened in 1995.
Canterbury Park Holding Co. reported a decrease in net income for the first three months of 2003 compared with the same period in 2002, but an increase in revenue for the three-month period.
Canterbury Park will kick off its 63-day Thoroughbred and Quarter Horse meet May 16. Highlight of the spring/summer season is the $550,000 Claiming Crown, a five-race series scheduled for July 19.
Monday's vote is the first time a bill of this kind has passed out of committee in Minnesota.
Canterbury Park Holding (Nasdaq: TRAK), which owns Canterbury Park in Minnesota, announced it will pay a dividend to its shareholders.
Canterbury Park Holding reported an 11.4% increase in revenue and a 28.6% increase in net income for the first quarter ending March 31. Revenue of $8.9 million and net income of $931,038 were records.
Canterbury Park announced record revenue and net income for 2001. A full year of revenue from its Card Club allowed the Minnesota racetrack to increase revenue by nearly 22% and raise net income by 116.5%.
Canterbury Park reported increased revenue and decreased net income for the third quarter ending Sept. 20. Revenue for the Minnesota racetrack was up 4.3% to $12.1 million, but net income for the third quarter fell 21% to $378,103, or 10 cents per share.
Canterbury Park's card room has substantially increased operating revenue, net income, and earnings for the Minnesota track's third quarter ending Sept. 30.
Most Popular Stories
- Arrogate Last to First in Dubai World Cup
- Tepin Refuses to Work March 27 at Palm Meadows
- McCraken Stretches Out in Keeneland Work
- Hence Springs Upset in Sunland Derby
- Dortmund Back to Dirt in Next Start
- Girvin Heads Louisiana Derby Field
- Undefeated Ghalia Takes Sunland Park Oaks
- Fast and Accurate Scores Spiral Upset
- Fear the Cowboy Takes Skip Away in Late Drive
- Thunder Snow Gets Up in UAE Derby