| Business Summary | | Canterbury
Park
Holding
Corporation
hosts
pari-mutuel
wagering
associated
with
live
Thoroughbred
and
Quarter
Horse
racing
at
its
facilities
in
Shakopee,
Minnesota
(the
Racetrack)
and
pari-mutuel
wagering
on
races
held
at
out-of-state
racetracks
that
are
televised
simultaneously
at
the
Racetrack.
Commencing
on
April
19,
2000,
the
Company
began
operations
of
its
Card
Club.
At
the
Card
Club
patrons
compete
against
each
other
in
various
unbanked
card
games.
The
Company
is
authorized
to
host
up
to
50
tables
where
card
games
are
played
and
receives
a
percentage
of
the
wagers
or
a
fee
from
the
players
as
its
revenue
for
providing
the
facility
and
services.
The
Company
also
derives
revenues
from
related
services
and
activities,
such
as
concessions,
parking,
admissions
and
programs,
and
from
other
entertainment
events
held
at
the
Racetrack. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Canterbury
Park
Hldg.
Corp.
owns
and
operates
Canterbury
Park,
the
only
parimutuel
horse
racing
facility
in
the
state
of
Minnesota.
TRAK
conducts
live
Thoroughbred
and
Quarter
Horse
races
and
year
round
simulcast
racing.
For
the
six
months
ended
6/30/01,
revenues
rose
40%
to
$18.7
million.
Net
income
totalled
$857
vs.
a
loss
of
$74
thousand.
Results
reflect
higher
Card
Club
revenues,
a
decrease
in
host
track
expenses,
and
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Curtis Sampson, 67 Chairman
of Directors | -- | Randoll Sampson, 43 Pres,
CFO, Chief Exec. Officer, Gen. Mang. | $138K | John Harty, 56 VP
of Marketing | -- | Mark Erickson, 44 VP
of Facilities | -- | Michael Garin, 45 VP
of Hospitality | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|