Canterbury Park Holding Business Summary

Canterbury Park Holding Corp (CPHC) operates a diversified entertainment and real estate business model centered on its Shakopee, Minnesota, campus. The company generates revenue through four primary segments: Casino operations, which derive fees from unbanked card games; Horse Racing, involving pari-mutuel wagering on live and simulcast events; Food and Beverage, covering concessions and events; and Real Estate Development. A critical growth driver is the "Canterbury Commons" project, where CPHC monetizes underutilized land through direct sales, tax increment financing (TIF) receivables, and equity in joint ventures for residential and commercial projects, including a 19,000-seat amphitheater slated for a full 2026 season. CPHC competes against regional gaming and hospitality entities such as PENN Entertainment, Monarch Casino & Resort, and MGM Resorts International. As a microcap player, CPHC maintains a unique niche by holding the exclusive license for pari-mutuel horse racing in Minnesota, positioning it as a specialized regional destination rather than a broad-market gaming giant. The company was co-founded in 1994 by current Executive Chairman, President, and CEO Randall D. Sampson, alongside his late father Curtis A. Sampson and Vice Chairman Dale H. Schenian. Randall Sampson, who holds a 19.5% beneficial stake as of February 2026, brings extensive experience from the horse racing industry and previously served as a director for Communications Systems, Inc. The executive team includes Senior VP and CFO Randy J. Dehmer, a former Ernst & Young auditor with a deep background in corporate finance at Clearfield Inc., and John A. Groen, Senior VP of Strategy, who oversees non-gaming operations. The Board of Directors features notable regional leaders such as Carin J. Offerman and Peter Ahn, ensuring a mix of financial oversight and strategic development expertise as the company transitions from a traditional racetrack into a diversified property holding corporation.