Canterbury Park Holding Corporation has reported its financial results for the first quarter of 2026, as revenue increased 2.8% to $13.5m, while the operator also managed to improve net income by 156.8% to $169,878.
Casino operations accounted for the most revenue of any vertical for Canterbury Park, generating $9.2m for an increase of 0.5%. The $169,878 net income for Q1 2026 followed a $299,210 loss reported during the prior year period, potentially assisted by a 0.3% decrease in operating expenses to $12.5m.
Revenue produced from pari-mutuel operations decreased 5.6% to just over $1m, while food & beverage revenue rose 13.8% to $1.8m. The operator also managed to increase its adjusted EBITDA by 35.6% to $2.8m for Q1 2026.
Canterbury Park reported a net loss from equity investments of $1.2m and $1.6m, respectively, for Q1 2025 and 2026, primarily due to increased leasing rates from Doran Canterbury joint ventures.
On April 23, Churchill Downs Incorporated reported record first-quarter net revenue of $663m for Q1 2026, up 3% year-over-year, as gains in live and historical racing helped offset a softer showing across its gaming division.
Net income attributable to the operator rose 8% to $83m, while adjusted EBITDA increased 5% to a first-quarter record of $257m.
Churchill Downs stated the improvement was led by its Kentucky historical racing machine venues, having produced $17m in revenue, as well as by its Virginia venues, which contributed an additional $5m increase.
Accel Entertainment reported its financial results for the first quarter of 2026 on May 5, having set new records in net revenue and adjusted EBITDA, as revenue increased 8.5% for a total of $351.6m
