Canterbury Park Holding Corporation (NASDAQ:CPHC) will release the third quarter earnings for 2009 on Wednesday, November 11. The financial results will be released on the company’s website, www.canterburypark.com, on the Investor Relations page.
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Canterbury Park Holding Corporation reported a net loss of $173,099 on revenues of $11,160,354 for the second quarter of 2009. The previous year the company reported only a loss of $35,419 for the second quarter. The company’s net income for the 2009 second quarter was reported as $143,675 on revenues of $19,355,430. The previous year’s was reported as $464,461 on revenues of $24,004,956.
Canterbury Park Holding Corporation is engaged in pari-mutuel wagering operations and hosts unbanked card games at its Canterbury Park Racetrack and Card Club facility (Racetrack) in Shakopee, Minnesota. The Company’s pari-mutuel wagering operations include both wagering on live thoroughbred and quarter horse races at the Racetrack and wagering on races held at out-of-state racetracks that are televised simultaneously at the Racetrack (simulcasting). Unbanked card games, in which patrons compete against each other, are hosted in the Card Club at the Racetrack. The Company also derives revenues from related services and activities, such as concessions, parking, advertising, admissions, programs, a recreational vehicle park and from other entertainment events held at the Racetrack. The Company operates its business into three segments: horse racing, card club and concessions.
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