Item 7.01 Regulation FD Disclosure.
On January 4, 2023, Canterbury Park Holding Corporation (the "Company") issued a
public statement, attached hereto as Exhibit 99.1, regarding the December 31,
2022 expiration of the Cooperative Marketing Agreement dated June 4, 2012
between the Company and the Shakopee Mdewakanton Sioux Community.
The information in Item 7.01 of this Form 8-K (including Exhibit 99.1) shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference into any
filings made by the Company under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in any such
filing, unless the Company expressly sets forth in such filing that such
information is to be considered "filed" or incorporated by reference therein.
The furnishing of this information will not be deemed an admission as to the
materiality of any information contained herein.
Caution Regarding Forward-Looking Statements
The public statement issued by the Company on January 4, 2023 contains
forward-looking statements concerning possible or anticipated future financial
performance, operations, business activities or plans. These statements are
typically preceded by the words "believes," "expects," "anticipates," "intends"
or similar expressions. For these forward-looking statements, the Company claims
the protection of the safe harbor for forward-looking statements contained in
federal securities laws. Shareholders and the investing public should understand
that these forward-looking statements are subject to risks and uncertainties
which could affect the Company's actual results and cause actual results to
differ materially from those indicated in the forward-looking statements.
The Company describes these risks and uncertainties in its Annual Report on Form
10-K filed with the Securities and Exchange Commission (the "Commission") and
subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form
8-K. They include, but are not limited to: the Company's dependence on the
Cooperative Marketing Agreement with the Shakopee Mdewakanton Sioux Community
for purse enhancement payments and marketing payments; the effect that the
COVID-19 coronavirus pandemic and resulting precautionary measures may have on
the Company as an entertainment venue or on the economy generally; material
fluctuations in attendance at the Racetrack; material changes in the level of
wagering by patrons; any decline in interest in the unbanked card games offered
in the Card Casino; competition from other venues offering unbanked card games
or other forms of wagering; competition from other sports and entertainment
options; increases in compensation and employee benefit costs; increases in the
percentage of revenues allocated for purse fund payments; higher than expected
expense related to new marketing initiatives; the impact of wagering products
and technologies introduced by competitors; the general health of the gaming
sector; legislative and regulatory decisions and changes; the Company's ability
to successfully develop its real estate, including the effect of competition on
the Company's real estate development operations and its reliance on its current
and future development partners; temporary disruptions or changes in access to
the Company's facilities caused by ongoing infrastructure improvements; and
other factors that are beyond the Company's ability to control or predict.
The forward-looking statements included in the public statement issued by the
Company speaks only as of the date of its original issuance. Except as required
by law, the Company assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information becomes
available in the future, except as required by law.
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Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
99.1 Statement issued by Canterbury Park Holding Corporation on January 4,
2023.
104 Cover Page Interactive Data File (formatted as Inline XBRL).
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CANTERBURY PARK HOLDING CORPORATION 
