Canterbury Park Q3 revenue drops as casino activity weakens
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Canterbury Park reported a 5% year-over-year decline in Q3 revenue, primarily due to reduced casino revenues amid increased competition. Net income significantly dropped, influenced by a prior year's land transfer gain. Adjusted EBITDA also decreased, reflecting lower casino revenue despite stable expenses. However, food and beverage revenues grew, aided by a new point-of-sale system. The company did not provide specific financial guidance for future quarters.
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