Canterbury Park Holdings

What Canterbury Park Holdings does

Canterbury Park Holdings Corporation (NASDAQ:CPHC) operates Canterbury Park Racetrack and Casino, a single integrated entertainment destination in Shakopee, Minnesota, serving the Minneapolis/St. Paul metro. Founded in 1985 and publicly traded on NASDAQ, the facility is open 24/7/365 and combines four core revenue streams: (i) live and simulcast horse racing with on-site Racebook and mobile wagering through the 1/ST Bet app, (ii) casino operations including table games (Blackjack, Baccarat, Pai Gow, multiple poker variants) and the largest live poker room in the Midwest operating 24/7, (iii) food and beverage across multiple on-site venues (Chips Bar & Restaurant, Paddock Pub, Clubhouse Restaurant, Canterbury Classics), and (iv) events and entertainment including concerts, rodeos, and the new 19,000-capacity Live Nation-operated amphitheater opening June 2026. The card club segment contributes over half of total revenue at 40-50% gross margins, with 2025 full-year revenue of approximately $59.6M.

The underlying technology stack is primarily operational rather than AI-driven: the 1/ST Bet mobile wagering platform integrates with the MVP Rewards loyalty program (Classic through Gold tiers) for points accumulation; the Racetrack Television Network provides HD simulcast streaming; and Equibase supplies racing data. Payments include Venmo and PayPal for mobile wagering deposits/withdrawals. The business model is predominantly transactional: gaming, wagering, and F&B generate per-transaction revenue from walk-in consumers, complemented by per-event ticketing ($46 GA to $127 VIP) and B2B catering/private events across 85,000+ square feet of flexible space. Geographic operations are limited to a single Minnesota property, and the company is pursuing adjacent revenue through the Canterbury Commons mixed-use real estate development on surrounding underutilized land, including residential, office, hospitality, and the Live Nation amphitheater.

Name

Canterbury Park Holdings

Legal name

Canterbury Park Entertainment, LLC

Website

https://canterburypark.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Canterbury Park Holdings Corporation operates a 24/7 integrated entertainment destination in Shakopee, Minnesota, combining horse racing, casino table games, poker, concerts, dining, and events for Minneapolis/St. Paul metro consumers. The publicly traded company (NASDAQ:CPHC) is also expanding via a new 19,000-seat Live Nation amphitheater and mixed-use real estate development.

Ownership category

akta.pro rank

Product category

Casino and Racetrack Entertainment

NAICS

Casinos (except Casino Hotels) (71321)

SIC

Services-Amusement & Recreation Services (7900), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Cardrooms & Poker Rooms (Land-Based) (MPAEAAAG)

akta.pro secondary industry

Live Poker Rooms & Cardrooms (Land-Based) (MPAEAEAA)

Keywords

• Horse racing wagering
• Casino gaming operations
• Simulcast racing
• Card club poker
• Entertainment venue events

Headquarters

HQ city

Shakopee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Casino Operations: Table games (blackjack, baccarat, pai gow, three card poker, ultimate texas hold'em, mississippi stud, DJ Wild, criss cross), live poker, and touchscreen gaming available 24/7/365. Card club segment generates over half of total revenues with gross margins of 40-50%.
2. Horse Racing and Wagering: Live racing from May-September with simulcast wagering on races from tracks worldwide. Handle from racing operations including win/place/show bets, exactas, trifectas, superfectas, pick 3/4/5 wagers.
3. Food and Beverage: Multiple dining venues including Chips Bar & Restaurant, Paddock Pub, Homestretch, Clubhouse Restaurant, Canterbury Classics, and various concession stands. Food & Beverage revenue grew 13.8% year-over-year in Q1 2026.
4. Events and Entertainment: Concerts, rodeos, festivals, private events, and the new 19,000-capacity amphitheater operated by Live Nation. Strong event-related business drove Q1 2026 performance improvement.
5. Real Estate Development: Mixed-use development on underutilized land surrounding Shakopee facility including residential, office, and hospitality ventures through joint ventures.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Canterbury Park operates an integrated entertainment destination in Shakopee, Minnesota offering live and simulcast horse racing, card club table games (blackjack, baccarat, pai gow, poker variants), 24/7 live poker room, touchscreen gaming, dining venues, concerts and private events, mobile wagering through the 1/ST Bet app, and a tiered loyalty program (MVP Rewards). The company also pursues mixed-use real estate development on adjacent land through the Canterbury Commons Entertainment District.

Product overview

Canterbury Park Holdings operates Canterbury Park Racetrack and Casino, a single integrated entertainment destination combining horse racing, casino gaming, and live events. The facility offers live and simulcast horse racing through its Racebook, a full-service casino with table games (Blackjack, Baccarat, Poker variants) and live poker rooms, the MVP Rewards loyalty program, mobile wagering via 1/ST Bet, and catering/private event services. The property also includes food and beverage venues and is pursuing mixed-use development on surrounding land. The company is publicly traded on NASDAQ (CPHC) and is Minnesota's only publicly traded gaming and entertainment destination.

Differentiator

Problem solved

Functional benefit

Brands

• MVP Rewards: Player rewards and loyalty program offering points, tiered benefits, free play, and discounts at Canterbury Park.

Products and services

• Canterbury Park Racetrack and Casino Main integrated entertainment destination in Shakopee, Minnesota combining horse racing, casino gaming, live poker, events, concerts, dining, and event spaces. Open 24/7/365 for adult visitors seeking casino, racing, and entertainment experiences.
• Live Horse Racing Live thoroughbred horse racing held May through September annually on select weekdays and weekends, including stakes races, Kentucky Derby prep events, and special racing promotions. Available to adult racing fans attending the Shakopee facility.
• Racebook (Simulcast Wagering) Daily horse race betting facility offering simulcast wagering on races from tracks worldwide, open daily with self-service and teller wagering options. Serves adult horse racing bettors in Minnesota seeking year-round racing content.
• Card Club Table Games Casino table games including Blackjack, Baccarat, Pai Gow, Three Card Poker, Ultimate Texas Hold'em, Mississippi Stud, Criss Cross Poker, I Luv Suits, DJ Wild, and Four Card, featuring progressive jackpot payouts and smoke-free environment. Available to adults 18+ on the casino floor.
• Live Poker Room Largest poker room in the Midwest offering 24/7 Texas Hold'em, Omaha, 7-Card Stud, Mixed Games, and No-Limit Tournaments, with monthly promotions, bad beat jackpots, and MVP Rewards integration. Targets poker enthusiasts and tournament players.
• Concert Series and Events

Quantifiable outcome

• Q1 2026 revenue of $13.5 million, up 2.8% year-over-year
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature2 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Live Nation EntertainmentcoreStrategic or Co-development Partner · 1 June 2026Live Nation operates the new 19,000-capacity outdoor amphitheater at Canterbury Commons Entertainment District. Opening June 2026, expected to host over 40 concerts during inaugural season. Represents major entertainment expansion for Canterbury Park.
• Triple Crown Partners (Anheuser-Busch, Pepsi, Minnesota Lottery, Kwik Trip, Continental Diamond, Apple Autos)flagshipGTM or Marketing PartnerPremier corporate partnership program targeting nearly 2 million annual visitors. Includes naming rights, event sponsorship, brand visibility across Canterbury Park properties.
• Racetrack Television NetworkcoreTechnology or IntegrationProvides high-definition live streaming and same-day replays for Canterbury Park races. Enables simulcast viewing of North American and international horse racing content.
• 1/ST Bet (XpressBet)coreTechnology or IntegrationOfficial mobile wagering application of Canterbury Park. Enables wagering on Canterbury races and national offers. Integrated with MVP Rewards program for point accumulation.
• Minnesota Horse Racing IndustrycoreStrategic or Co-development PartnerSupports Minnesota horsepersons through wagering revenue. Mobile wagering through 1/ST Bet directly supports Minnesota horse racing industry.
• Minnesota Keystone ProgramcoreOthersCommunity giving initiative pledging to return up to 5% of pre-tax profits to the community annually. Includes Canterbury Park Minnesota Fund providing grants for equine, agricultural, and community causes.
• Hotel and Restaurant Partners (Fairfield Inn, Holiday Inn Express, Hampton Inn, Comfort Inn, Sandalwood)minorGTM or Marketing PartnerPreferred hotel partners for visitors requiring overnight accommodations, offering discounted rates and proximity to Canterbury Park.
• Restaurant Partners (Bravis, Mr. Pig's Smokery, Culvers, T.J. Hooligan's)minorGTM or Marketing PartnerPartner restaurants within Canterbury Commons entertainment district offering dining options to visitors, enhancing the overall entertainment destination experience.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Monarch Casino & Resort: Owns Atlantis Casino Resort Spa (Reno) and Black Hawk, CO property. Smaller-scale, publicly traded regional casino operator with similar single-market focus and integrated hotel/casino/entertainment.
• Full House Resorts: Owns and operates five regional casinos and a hotel/entertainment venue (Chamonix). Comparable small-cap, multi-property (or single-market) regional gaming operator pursuing entertainment-led growth.
• Churchill Downs: Operates horse racing venues (Churchill Downs, Kentucky Derby) alongside regional casino gaming and historical racing machines. Most direct peer given the combination of live racing, simulcast, and casino gaming at Canterbury.
• Penn Entertainment: Regional gaming operator with a portfolio of racetrack-casinos (e.g., Hollywood Casino at Penn National, Sam Houston) plus theScore mobile betting platform. Comparable mix of regional casino floor + racing + on-property mobile wagering.
• Golden Entertainment: Operates taverns, casinos, and distributed gaming in Nevada and Maryland. Comparable mid-cap regional gaming with diversified revenue streams across casino, F&B, and route operations.

Broad incumbents

• Caesars Entertainment: Largest U.S. regional gaming operator with Caesars Sportsbook mobile wagering. Comparable integrated resort model (gaming, F&B, entertainment, sportsbook) at significantly larger scale.
• MGM Resorts International: Major U.S. gaming and entertainment operator with BetMGM mobile wagering. Comparable diversified entertainment strategy combining casino, live events, F&B, and mobile wagering.
• Boyd Gaming: Major regional casino operator with 28 properties across 10 states including FanDuel partnership for online. Comparable regional gaming + F&B + entertainment programming model at larger scale.
• Red Rock Resorts: Operates Station Casinos and Graton Resort in regional U.S. markets with locals-focused casino floors and F&B. Comparable regional, locals-casino orientation and integrated entertainment strategy.
• Bally's Corporation: Owns/operates 16 casinos across the U.S. and the Bally Bet online platform. Comparable regional gaming footprint with growing online wagering exposure, though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CanterburyPark
• YouTubeyoutube.com/user/canterburypark/featured
• Facebookfacebook.com/CanterburyPark
• Instagraminstagram.com/canterburypark
• LinkedInlinkedin.com/company/canterbury-park

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canterbury Park Holdings