Canterbury Park Holding Corporation (“Canterbury Park”) hosts pari-mutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee, Minnesota and pari-mutuel wagering on races held at out-of-state racetracks that are simulcast to the Racetrack. In addition, the Canterbury Park Card Casino hosts “unbanked” card games in which the players compete against each other and not against the house. Canterbury Park also derives revenues from related services and activities, such as concessions, parking, admissions and programs, and from other entertainment events held at the Racetrack. Furthermore, Canterbury Park is pursuing a strategy to enhance shareholder value by the ongoing development of a total of approximately 140 acres of underutilized land surrounding the Racetrack in a project known as Canterbury Commons™. The Company is continuing to pursue several mixed-use development opportunities for the underutilized land, directly and through joint ventures.