Description of Canterbury Park Holding's Business Segments
Canterbury Park Holding Corporation operates primarily in the gaming, entertainment, and horse racing sectors. The company is known for its flagship property, Canterbury Park, which is located in Shakopee, Minnesota. Below is a comprehensive overview of the segments, products, and services offered by Canterbury Park.
Segments
1. Horse Racing - Live Racing: Canterbury Park hosts a seasonal live horse racing meet, typically running from late May through early September. This includes Thoroughbred and Quarter Horse racing, offering a variety of races that attract both local and national competitors. - Simulcast Racing: Beyond live races, Canterbury Park offers simulcast horse racing from other venues across the country. This allows patrons to wager on races from tracks nationwide while enjoying the ambiance of the facility.
2. Gaming - Card Casino: The company operates a card casino featuring a variety of table games. Popular options include poker and other card games like blackjack and various poker variations. This segment appeals to a wide range of players—from casual gamers to serious competitors. - Electronic Gaming Machines (EGMs): Canterbury Park has options for electronic gaming machines, which are popular among guests looking for slot-like gaming experiences. These machines offer various gaming themes and jackpots.
3. Food and Beverage - Dining Options: Canterbury Park provides a variety of food and beverage services within the facility. This includes casual dining, fine dining, snack bars, and buffet-style offerings. The culinary experience is designed to cater to the tastes and preferences of diverse clientele during both racing events and casino activities. - Catering Services: The venue also offers catering services for special events, including corporate gatherings, weddings, and private parties. This service is an integral part of their hospitality offerings.
4. Events and Entertainment - Live Entertainment: Apart from racing and gaming, Canterbury Park hosts a range of live entertainment events, including concerts, special celebrations, and themed events throughout the year. These events cater to a broad audience and enhance the overall entertainment experience within the park. - Festivals and Special Events: The facility often hosts seasonal festivals, holidays, and community events that can include food festivals, holiday celebrations, and promotional events aligned with horse racing.
5. Group and Corporate Services - Event Hosting: With available meeting and event space, Canterbury Park caters to groups looking for functional areas for corporate meetings, seminars, or team-building activities. This includes spaces equipped with audiovisual capabilities and customizable event packages. - VIP and Group Packages: The company offers specific packages aimed at providing a premium experience for groups. This could include exclusive access to races, reserved seating, and catered options tailored to the groups needs.
Products and Services
1. Wagering Services - The betting options available include traditional win/place/show bets, exotic wagers like exactas, trifectas, and superfectas, as well as in-house and online wagering services for convenience. - Canterbury Park also offers promotions and loyalty programs to incentivize patrons and regular visitors.
2. Membership and Rewards Programs - Canterbury Park may offer various membership or rewards programs designed to enhance customer loyalty. These programs can provide members with exclusive offers, promotions, and access to members-only events or services.
3. Retail Offerings - The company may operate retail outlets within the premises, offering branded merchandise, horse racing memorabilia, and other related products.
4. Community Engagement - A strong emphasis is placed on community involvement and outreach, often in the form of sponsorship opportunities, partnerships with local businesses, and participation in local events.
Through these diverse segments, products, and services, Canterbury Park Holding Corporation aims to provide a comprehensive entertainment experience that includes a variety of options for visitors, whether they are interested in horse racing, gaming, dining, or a combination of all three.
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