Canterbury Park Holding Corp (CPHC) is a publicly traded company that operates as a diversified entertainment enterprise. Founded in 1994 and headquartered in Shakopee, Minnesota, USA, the company is built around the management and operation of a multi-use entertainment facility known as Canterbury Park, which is famous for its horse racing, card games and other entertainment offerings.
The company's primary business operations can be classified into four distinct segments: Horse Racing, Card Casino, Food and Beverage, and Development. CPHC's successful strategy is based on their continual effort to diversify their entertainment service while ensuring that their core offerings remain as consistent attractions.
The Horse Racing division encompasses a variety of activities related to live horse racing, including pari-mutuel betting. CPHC conducts live horse racing from May to September, and also offers Simulcast wagering every day of the year. In addition, the corporation is tasked with the maintenance of the racetrack, stabling and training facilities and administrative buildings.
The Card Casino segment presents multiple card games like poker and blackjack, contributing substantially to CPHC's overall revenue. The company became one of the first in the industry to combine card games and horse racing when it initiated casino-style card games in 2000. This segment also includes various promotional activities to drive customer traffic and engagement.
The Food and Beverage segment contributes to the customer experience through its variety of dining options available during live horse racing and other event days and supports the Card Casino operations by providing food and beverage to patrons.
The Development segment of the business refers to the commercial development of parts of Canterbury Park’s vast landholdings. CPHC is developing a portion of its landholdings for commercial purposes that comprise multi-family residential and a business park, while the remaining land is reserved for future entertainment and related development.
In a nutshell, Canterbury Park Holding Corp (CPHC) is a multi-faceted entertainment and recreation firm that makes an essential contribution to Minnesota's tourism industry. Its innovative and customer-centric approach have cemented its position as a premier entertainment destination, attracting fans of horse racing, casino games, and live events from across the region and country. It is listed on the NASDAQ stock exchange under the ticker symbol CPHC. The company continues to evolve and innovate, seeking to offer its patrons the most immersive and exciting entertainment experience possible.