03/28/2005 12:00AM

Canterbury income up by a third


Canterbury Park Holding Corp., the owner of Canterbury Park in Shakopee, Minn., had net income of $3.9 million in 2004, a 34 percent increase over net income in 2003, the company announced Monday.

Revenue for 2004 was $54.9 million, an increase of 14.9 percent compared with $47.8 million in 2003. Expenses increased 12.9 percent, from $42.6 million in 2003 to $48.1 million last year.

A little more than half of Canterbury's 2004 revenue, $28.4 million, came from poker operations in its card club, an increase of 23.5 percent from 2003. According to the company, revenue from parimutuel operations was up 2.7 percent to $17.8 million in 2004.