Profile: Canterbury Park Holding Corp (CPHC.OQ)
1 Jul 2016
Canterbury Park Holding Corporation, incorporated on March 24, 1994, conducts pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Casino facility in Shakopee, Minnesota. The Company operates through three segments: horse racing, Card Casino, and food and beverage. The Company's pari-mutuel wagering operations include both wagering on thoroughbred and quarter horse races during live meets at the Racetrack and year-round wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack.
The Company's horse racing segment consists of year-round pari-mutuel wagering on simulcast horse races and on live thoroughbred and quarter horse races held on a seasonal basis. The Racetrack hosts over 70 days of live racing. The Company is also involved in simulcasting, a process by which live horse races held at over one facility are transmitted simultaneously to other locations to allow patrons at each receiving location (the guest track) to place wagers on races transmitted from the host track. Monies are collected at the guest track and the information with respect to the total amount wagered is electronically transmitted to the host track. All of the amounts wagered at guest tracks are combined into the appropriate pools at the host track with the final odds and payouts based upon all the monies in the respective pools. The Company offers simulcast racing from approximately 20 racetracks per day, seven days a week, over 360 days per year, including Churchill Downs, Santa Anita, Gulfstream Park, Belmont Park and Saratoga Racecourse. In addition, races of national interest, such as the Kentucky Derby, the Preakness Stakes, the Belmont Stakes and the Breeders' Cup supplement the regular simulcast program.
The Card Casino is open around the clock and offers over two forms of unbanked card games, including poker and table games. It offers poker games, including Texas Hold 'Em, Stud and Omaha. The Card Casino offers table games, including Blackjack, Mississippi Stud, Fortune Pai Gow, Three Card Poker, Crazy 4 Poker, Ultimate Texas Hold 'Em, EZ Baccarat and Free Bet Blackjack. The Company offers only unbanked games.
Food and Beverage
The Company's food and beverage segment consists of concession stands, restaurant and buffet, bars and other food venues. The Company offers over two year-around cafe style restaurants and full service bars within the Card Casino and Simulcast area. The Card Casino offers tableside menu service around the clock.
The Company competes with North Metro Harness Initiative, LLC and Mystic Lake.
Canterbury Park Holding Corp
1100 Canterbury Rd S
SHAKOPEE MN 55379-1867