Online Gaming
Hurts Canterbury in Q2
As reported by the Minneapolis
Business Journal: "Canterbury Park Holding
Corp. profit fell 27.9 percent in the second quarter
of 2005, as gains from poker were offset by competition
from online gaming, the company reported Friday.
"The Shakopee-based racetrack and card club
posted net income of $454,149, or 11 cents per diluted
share in the second quarter of 2005. That compares
to earnings of $580,860, or 14 cents a share, in
the same quarter last year.
"Revenue came in at $14.9 million in the quarter
ended June 30, up 3.4 percent from $14.4 million
a year ago.
"Operating expenses grew 4.5 percent to $14
million in the second quarter from $13.4 million
in the same period the year before…"
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