Online Gaming Hurts Canterbury in Q2

15 Aug 2005

MINNESOTA – As reported by the Minneapolis Business Journal: "Canterbury Park Holding Corp. profit fell 27.9 percent in the second quarter of 2005, as gains from poker were offset by competition from online gaming, the company reported Friday.

"The Shakopee-based racetrack and card club posted net income of $454,149, or 11 cents per diluted share in the second quarter of 2005. That compares to earnings of $580,860, or 14 cents a share, in the same quarter last year.

"Revenue came in at $14.9 million in the quarter ended June 30, up 3.4 percent from $14.4 million a year ago.

"Operating expenses grew 4.5 percent to $14 million in the second quarter from $13.4 million in the same period the year before…"

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	Online Gaming Hurts Canterbury in Q2 15 Aug 2005 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> MINNESOTA – As reported by the Minneapolis Business Journal: "Canterbury Park Holding Corp. profit fell 27.9 percent in the second quarter of 2005, as gains from poker were offset by competition from online gaming, the company reported Friday. "The Shakopee-based racetrack and card club posted net income of $454,149, or 11 cents per diluted share in the second quarter of 2005. That compares to earnings of $580,860, or 14 cents a share, in the same quarter last year. "Revenue came in at $14.9 million in the quarter ended June 30, up 3.4 percent from $14.4 million a year ago. "Operating expenses grew 4.5 percent to $14 million in the second quarter from $13.4 million in the same period the year before…"