F&B up on live racing days
Dwindling spend per head saw Canterbury Park post revenues for the three months ended September 30, 2025 down five per cent to $18.3m, compared to $19.3m for the same period in 2024.
Casino gaming was down 9.7 per cent, pari-mutuel was down 2.7 per cent, with other forms of gaming down 11.1 per cent, partially offset by a 13.1 per cent increase in food and beverage revenues.
With the implementation of a new, point-of-sale system to improve speed of service, food & beverage was able to grow revenues on live racing and event days through increased overall transactions and average spend per customer. The year-over-year decreases in casino revenues reflect increased competition as well as lower than average hold during the quarter, while Pari-mutuel revenues and Other revenues were impacted by one less live race day and decreased admission revenues from concerts.
Randy Sampson, President and Chief Executive Officer of Canterbury Park, said: “The quarterly results were consistent with year-to-date trends as we remain focused on increasing casino traffic and our ongoing growth and development strategies. Third quarter revenues of $18.3m reflect a five per cent decline versus the third quarter of 2024, largely related to reduced casino revenues partially as a result of low hold early in the quarter. Similar to recent prior quarters, casino visits and player counts remain relatively stable, while per patron wagering levels declined. We saw strong quarterly growth in our food and beverage operations and pari-mutuel revenues were in line with prior year results. We continue to take measures to improve operating efficiencies, particularly labor which is our largest expense, while pursuing opportunities to continue to grow our entertainment and hospitality businesses and develop our real estate.”
“The third quarter marked the first full quarter of operation of the Boardwalk Kitchen & Bar, an upscale restaurant and live entertainment venue which opened to very positive customer response. Canterbury’s real estate joint venture partner, Trackside Holdings, LLC, completed construction in June at which time the lessee, Boardwalk Kitchen & Bar, began operations. The success of this venue, particularly the large outdoor patio located adjacent to the racetrack, is confirming the development opportunity of the unique experience and views of horses and the track’s greenspace. We are currently exploring additional entertainment and hospitality opportunities for the remaining trackside parcels that would add to the nearly 1,000 residential units, five restaurants and breweries, two music and entertainment venues, 57,000 square-feet of office space, and other distinct amenities already open in the trackside and adjacent Winner’s Circle developments. This, coupled with our successful events business, is validating our proof-of-concept of drawing more visitors to our destination for entertainment, gaming, dining and other experiences as we continue to unlock the monetary value of our real estate through our Canterbury Commons development. As such, Canterbury, in partnership with the City of Shakopee, continues to progress on our market analysis study with Hunden Partners to identify the highest and best use for our prime 25 acres of land near the amphitheater that could include office, retail, hospitality, entertainment venues or other opportunities.”
The post Canterbury Park sees gaming floor due to less spend per head and low hold appeared first on G3 Newswire.
F&B up on live racing days Dwindling spend per head saw Canterbury Park post revenues for the three months ended September 30, 2025 down five per cent to $18.3m, compared to $19.3m for the same period in 2024. Casino gaming was down 9.7 per cent, pari-mutuel was down 2.7 per cent, with other forms of…
The post Canterbury Park sees gaming floor due to less spend per head and low hold appeared first on G3 Newswire.