Disclosure-I am long CPHC.
Canterbury Park expanding reach
One sure way to grow a business is to find new customers, and Canterbury Park is on the fast track. Last year the horse racing product was bolstered by a $5.3 million purse enhancement from the Shakopee Sioux tribe, and now Canterbury Park is growing their customer base by offering televised racing at a casino. Since Minnesota does not currently offer "account wagering" which would allow state residents to bet from their homes, new racing betting outlets are key revenue drivers.
Canterbury Park Holding Company (NASDAQ:CPHC) has reached an agreement to simulcast horse races to the Leech Lake Tribe at their Northern Lights Casino in Northern Minnesota. This agreement will...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|