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Canterbury Racetrack and Card Club Falls Short
ST. PAUL, MN --
In a press release today, Canterbury Park Holding Corporation disclosed 4th quarter 2007 earnings along with forward-looking statements. Investors were displeased as the company said revenues had dropped over 10% since 2006. The stock price was down about 2% today, falling to $9.65 per share. The company trades on AMEX under symbol ECP.
The company blames the loss of revenue on a new indoor smoking ban in the state of Minnesota, rising gas prices, a declining economy, and atypical weather in the region.
As you know, Canterbury Park is famous in the United States for its racetrack and card club. Located in Shakopee, Minnesota, Canterbury Park is just a half-hour drive from both downtown Minneapolis and St. Paul.
The live horse racing season at Canterbury Park runs from early May through Labor Day, with racing under the stars most Thursday and Friday evenings and afternoon racing on Saturdays, Sundays and holidays.
In Canterbury Park's Card Club you will find a variety of games including, Texas Hold'em and Blackjack.
CEO Randall D. Sampson is one of the most well-known figures in the horse racing industry. He has been President and Chief Executive Officer since the formation of the Company in March 1994 and General Manager since September 1995. He has been active in horse industry associations, currently serving on the Board of Directors of the Thoroughbred Racetracks of America and is past President of the Minnesota Thoroughbred Association.
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