Table gaming drives 4.2 per cent inrease for Canterbury Park

Casino revenue was up 14 per cent

Canterbury Park increased its revenues by 4.2 per cent for the three months ended September 30, 2026, reaching $19.1m, compared to $18.3m in the same period last year.

The year-over-year increase was driven by a 13.8 per cent increase in casino revenue to $10.2m from $8.9m in the year-ago period, and a 2.9 per cent increase in food and beverage revenue. The year-over-year increases primarily reflect higher table games drop in the company’s Casino operations due to increased visitation and spend per visit. These increases were partially offset by decreases of 9.5% per cent and 9.8 per cent in pari-mutuel and other revenues, respectively. The decreased Pari-mutuel revenues were primarily attributable to lower out-of-state handle, resulting from smaller average field sizes per race compared to the same period in 2025. 

Randy Sampson, President and Chief Executive Officer of Canterbury Park, commented: “Our third-quarter results demonstrate the operating leverage in our business, with revenue growth driving higher profitability and cash flow. Net income nearly doubled and Adjusted EBITDA increased 27.8 per cent on revenue growth of 4.2 per cent. Casino revenues rose 13.8 per cent year over year, supported by a 17 per cent increase in table games drop and a higher hold percentage. Food and beverage revenues increased 2.9 per cent. Together, these gains more than offset declines in Pari-mutuel and Other revenues. Disciplined cost management has kept total operating expenses consistent with recent years despite inflation, including higher labour costs. As a result, our third-quarter Adjusted EBITDA margin increased to 20.1 per cent from 16.3 per cent a year earlier. Year-to-date, our Adjusted EBITDA margin improved to 19 per cent from 15.1 per cent in the prior-year period.