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IGT Positioned for Growth in Panama via New Local Entity and Expanded Regional Resources



International Game Technology PLC announced that it has fortified its presence in Panama and increased its growth opportunities in the region via the formation of a new local entity and elevated regional resources.

“In creating a formal IGT presence in Panama, we’re positioned to grow our footprint in the region and enable our customers to reap the many benefits of IGT’s vast games and solutions portfolio,” said David Flinn, IGT SVP Sales, Canada, Central and South America“New- to-the-region solutions such as the cloud-based Floor Manager system allow operators to optimize floor performance and quickly respond to player needs and content preferences.”

IGT has a compelling, market-attuned product roadmap for Panama that will be introduced through a series of special events. Among the most anticipated games for the region are: Egyptian Link on the Company’s PeakDual cabinets; and USwitch cabinet.

As a result of the Company’s expanded position in Panama, IGT recently completed the first installation of the award-winning cloud-based Floor Manager system solution. Part of IGT’s ADVANTAGE, Wu Dragon. Floor Manager also provides optimization tools and real-time game performance analytics.

“IGT is committed to building our roadmap in Panama with our diverse portfolio of high-performing solutions tailored specifically for the region,” said Jessica Luna, IGT Senior Director of Strategic Accounts, LatAm. “Backed by the expertise of a dedicated team and industry-leading designs, IGT will secure new partnerships with operators throughout the Country and deliver award-winning games, cabinets and solutions that will differentiate their gaming floors.” 

SOFTSWISS Gears Up for iGaming NEXT Valletta’23

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SOFTSWISS, a technology company that provides software and solutions for the iGaming industry, joins the highly anticipated event iGaming NEXT Valletta 2023. The event will take place on 21–22 June in the beautiful city of Valletta, Malta.

SOFTSWISS is excited to return to Malta, where the company made a lasting impression on the iGaming industry and local community last year. During SiGMA Europe 2022, SOFTSWISS left its mark by launching a hot ‘chilli pepper’ promotional campaign, which created buzz among attendees and islanders. 

The activities conducted in Malta last year demonstrated SOFTSWISS’ desire to shine brightly and uniquely in the region, and as a result, the industry leader createdBringing the Heat’ promotional campaign,  which helped build knowledge about the company and increase brand awareness among key stakeholders.

At iGaming NEXT Valletta, Valentina Bagniya, Chief Marketing Officer at SOFTSWISS, will be a speaker in an engaging panel discussion. With professionals from tech and other companies, Valentina will discuss different approaches on working with negative perceptions and adapting to the ever-changing landscape of regulatory requirements, as well as providing effective ways to work with negative public sentiment.

The event attendees will have a unique opportunity to learn more about SOFTSWISS and its cutting-edge products and solutions.  Meeting the company’s experts, visitors will explore iGaming’s hot trends, learn more about the company’s innovative solutions and discover the unique service that SOFTSWISS is recognised for.

Max Trafimovich, Chief Commercial Officer at SOFTSWISS, comments: “We are thrilled to join iGaming NEXT Valletta’23! This event is an excellent platform to engage with industry peers and share our extensive expertise. We look forward to contributing to the expert discussions and showcasing our solutions to an incredibly diverse and refined audience.

SOFTSWISS invites all attendees to book a meeting at booth A4 to explore the company’s range of products, engage with the team, and discover how SOFTSWISS can help drive success in the dynamic and ever-evolving iGaming industry.



SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

REEVO and Big Time Gaming Announce Strategic Alliance for Enhanced Gaming Solutions

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REEVO, a leading provider of cutting-edge gaming solutions, is thrilled to announce a partnership with industry pioneer Big Time Gaming, which will combine REEVO’s advanced platform with Big Time Gaming’s trailblazing content.

Under this partnership, REEVO’s operator partners will gain access to Big Time Gaming’s exceptional portfolio of games. Big Time Gaming, part of Evolution Group and known for its innovative and highly engaging titles, including the legendary Megaways™ mechanic, will integrate its groundbreaking content seamlessly into REEVO’s state-of-the-art platform. This integration will provide operators and players with unparalleled gaming experiences, marked by captivating gameplay and thrilling features.

Big Time Gaming’s commitment to innovation and pushing the limits of game development resonates with REEVO’s mission to provide cutting-edge solutions to its operator partners. The partnership enables Big Time Gaming to extend its reach and showcase its industry-leading content through REEVO’s extensive network of operators.

REEVO has on boarded 70+ top partners, offering 8000+ games, including slots, table games, and live gaming experiences. This extensive collection is sourced from esteemed third-party suppliers, with support for free rounds. Continuing their commitment to improvement, REEVO plans to add 60+ new game providers in 2023.

Petra Maria Poola, Head of Sales, REEVO, said: “We are beyond excited to partner with Big Time Gaming, a company renowned for pushing the boundaries of innovation. This collaboration perfectly aligns with our vision of delivering an extraordinary gaming experience. By incorporating Big Time Gaming’s exceptional content into our platform, we will provide a truly captivating game play experience for players around the world.”

Nik Robinson, CEO, Big Time Gaming, said: “Collaborating with REEVO will provide us with a fantastic opportunity to showcase our games to a much wider audience. REEVO’s ambition is to deliver an exceptional gaming experience that will engage and delight players and together with Big Time Gaming’s extraordinary portfolio of content, we believe it will do just that.”

Casino de Meta – Redefining the Casino Experience


Nicosia, Cyprus, May 19, 2023 (GLOBE NEWSWIRE) — Casino de Meta, a leading provider of online casino gaming, is proud to announce the launch of its Token Presale. This token aims to revolutionize the way players enjoy casino games in the digital era focused on unparalleled user experience, a vast selection of games, and state-of-the-art technology, Casino de Meta aims to set a new standard for online casinos worldwide.

Built on a foundation of trust, security, and transparency, Casino de Meta offers an immersive and secure environment for players to indulge in a diverse range of casino games. Whether players are fans of classic table games, adrenaline-pumping slots, or interactive live dealer experiences, Casino de Meta has something for everyone.

Key features of Casino de Meta’s platform include:

Unrivaled Game Selection: With a comprehensive library of games from leading software providers, Casino de Meta offers a diverse range of options to cater to all types of players. From classic titles to the latest innovative releases, players will always find something exciting and engaging.

Seamless User Experience: Casino de Meta prioritizes user-friendly design and intuitive navigation, ensuring a seamless experience for both new and experienced players. The platform is accessible across multiple devices, allowing players to enjoy their favorite games anytime, anywhere.

Enhanced Security Measures: Casino de Meta is committed to maintaining the highest standards of security and data protection. Advanced encryption technology safeguards all transactions and personal information, providing players with peace of mind and a secure gaming environment.

Live Dealer Experiences: Experience the thrill of playing with live dealers through Casino de Meta’s interactive live casino. With high-quality video streams and professional croupiers, players can enjoy an authentic casino experience from the comfort of their own homes.

Lucrative Promotions and Rewards: Casino de Meta values its players and offers a range of generous promotions and rewards. From welcome bonuses to loyalty programs, players can enhance their gaming experience and increase their chances of winning.

To celebrate the launch of Casino de Meta, the company is offering an exclusive airdrop through this competition:https://app.viralsweep.com/sweeps/full/b42bd4-135141?framed=1. This limited-time offer provides an opportunity to experience the platform’s exceptional features and win exciting rewards. To learn more about Casino de Meta and experience its groundbreaking online gaming platform, visit their official website at https://casinodemeta.com/

About Casino de Meta:

Casino de Meta is a leading provider of online casino gaming, committed to delivering an unparalleled gaming experience to players worldwide. With a vast selection of games, state-of-the-art technology, and a focus on security and transparency, Casino de Meta is setting a new standard in the online casino industry.


Casino De Meta

Table Trac adds two more sites in Northern Nevada


MINNETONKA, Minn., June 01, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announces it has signed separate agreements to install the CasinoTrac management system at both the Comstock Casino in Carson City, Nevada and the Silver Springs Nugget Casino in Silver Springs, Nevada

The Comstock Casino is located at 3680 Goni Rd # 1, Carson City, NV 89706. All the fun and hot new games are at Comstock Casino. Complimentary beverage bar or relax while one of our friendly casino staff serves you.

The Silver Springs Nugget Casino is located at 1280 US Highway 95A North, Silver Springs, Nevada. The site provides guest a smoke-free establishment that offers restaurants, table games, live poker, keno, slots, and sports betting. more than 50 years, the casino has provided services to the residents of northern Nevada.

Both sites will be offering a new state of the art players club and new exciting ways to win and receive extra rewards are being added with the addition of the new CasinoTrac systems.

Chad Hoehne, President of Table Trac Inc, stated, “We are honored that both the Comstock Casino and Silver Springs Nugget Casino have selected the CasinoTrac management system. We are pleased to be increasing our presence in Northern Nevada and are confident that our suite of products will help these sites establish their new players club and grow their business.”

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems. CasinoTrac is currently operating in casinos across 13 countries including the United States, Central and South America, the Caribbean, and Australia. More information is available at http://www.tabletrac.com/.

Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.

CONTACT: For more information:
Randy Gilbert
Table Trac, Inc.

Lottery.com, Inc. Receives Expected Notice from NASDAQ Stock Market Pertaining to its 10-Q of March 31, 2023


Company Files Several Delinquent Reports with the SEC

AUSTIN, Texas, May 24, 2023 (GLOBE NEWSWIRE) — On May 18, 2023, Lottery.com, Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market, LLC (“Nasdaq”) indicating that, as a result of not having timely filed its Form 10-Q for the period ended March 31, 2023 with the Securities and Exchange Commission (“SEC”), the Company remains in non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires timely filing of all required periodic financial reports with the SEC.

Receipt of the Notice was expected by the Company since it has been actively working to cure all prior delinquent filings with the SEC in accordance with a schedule submitted to the Nasdaq Hearing Panel (the “Panel”). During the Company’s meeting with the Panel, which occurred on April 24, 2023, the Company presented to the Panel its timeline for completing the Company’s outstanding financial reports. To date, the Company has filed: Form 10-K/A for the fiscal year ended December 31, 2021 on May 10, 2023; Form 10-Q/A for the period ended March 31, 2022 on May 15, 2023; and Form 10-Q for the period ended June 30, 2022, on May 22, 2023.

While the Company can provide no assurances as to timing, the Company is committed to filing its reports as presented to the Panel to cure the remaining delinquencies.

The Company will promptly respond to Nasdaq regarding the Notice.

About Lottery.com

Lottery.com, Inc. is a leading technology company that is transforming how, where and when lotteries are played. Its engaging mobile and online platforms enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legal lottery games. Lottery participants look to the Company’s website, Lottery.com, for compelling, real-time results on over 800 lottery games from over 40 countries. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit http://www.lottery.com.and for the Company’s filings with the SEC, visit https://ir.lottery.com/financials-filings/sec-filings.

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on May 10, 2023 and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.

CONTACT: Lottery.com Contact:
[email protected]

Table Trac, Inc. Reports 2023 First Quarter Earnings


MINNETONKA, Minn., May 12, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the three months ending March 31, 2023.

The 10-Q can be found @ http://www.sec.gov

First Quarter 2023 Highlights

  • The Company installed one system at a new customer location, expanded the services at an existing customer and our distributors expanded our system in new and current locations during the quarter.
  • The Company had five customer contracts in backlog as of March 31, 2023. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts with an existing customer.

First Quarter 2023 Financial Results

Maintenance revenue for the quarter was $1.2M compared to $799K in 2022, an increase of approximately 51%.

Service and other revenue for the quarter was $274K compared to $177K in 2022, an increase of approximately 58%.

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:

  For the Three Months Ended
  March 31,
   2023    2022
Basic and diluted earnings per share calculation:      
Net income $ 335,861   $ 1,261,840
Weighted average number of common shares outstanding – basic   4,551,988     4,521,988
Basic net income per share $ 0.07   $ 0.28
Weighted average number of common shares outstanding – diluted   4,626,930     4,596.037
Diluted net income per share $ 0.07   $ 0.27

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.

Forward Looking Statements

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.

For more information:
Randy Gilbert, CFO
Table Trac, Inc.

Canterbury Park Holding Corporation Reports First Quarter Results


SHAKOPEE, Minn., May 11, 2023 (GLOBE NEWSWIRE) — Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today reported financial results for the first quarter ended March 31, 2023.

($ in thousands, except per share data and percentages)
  Three Months Ended March 31,
   2023    2022   Change
Net revenues $13,300   $13,638   -2.5%
Net income   $2,771   $1,774   56.2%
Adjusted EBITDA (1) $2,482   $3,547   -30.0%
Basic EPS $0.57   $0.37   53.8%
Diluted EPS $0.56   $0.36   54.2%

(1) Adjusted EBITDA, a non-GAAP measure, excludes certain items from net income, a GAAP measure. Non-GAAP financial measures are not intended to be considered in isolation from, a substitute for, or superior to GAAP results. Definitions, disclosures, and reconciliations of non-GAAP financial information are included later in the release.

Management Commentary
“Canterbury Park’s first quarter results were in-line with our expectations entering 2023 and demonstrate the stability of our business as we’ve moved beyond the impact of the pandemic and emerged with a more efficient operating structure that enables us to generate attractive levels of cash flow. First quarter revenue of $13.3 million and adjusted EBITDA of $2.5 million reflect an adjusted EBITDA margin of 18.7% which, while below recent quarters, remains significantly above historical levels. During the quarter, we benefited from the continued normalization of our events and food and beverage businesses which helped mitigate lower Casino revenue compared to last year even as we generated our second highest ever first quarter Casino performance. With the start of our 2023 live racing season coming later this month, we are confident that our guests will experience the level of excitement that Canterbury live racing is known to offer. At the same time, our diligent focus on managing our cost structure and operating as efficiently as possible will help us optimize the operating results of our Racing business.

“Canterbury Commons™ continues to attract development interest, and we are quickly creating a vibrant lifestyle destination in Shakopee, including what we expect will be a world-class entertainment district anchored by Swervo Development Corporation’s (“Swervo”) 19,000-seat amphitheater. This exciting new attraction is expected to break ground later this spring following our recently completed 37-acre land sale to Swervo. In part to make way for the amphitheater and to free up additional land for development, progress continues on the first phase of our barn relocation and stable modernization efforts. ‘Live, Work, Stay, and Play’ encapsulates our approach to Canterbury Commons’ development, and we believe we are delivering on that promise, with more excitement to come as we complete agreements with additional partners that share our vision and enthusiasm for the experience Canterbury Commons can ultimately provide.

“2023 is off to a very good start, and we remain confident that we have the right operating practices and infrastructure in place to continue our solid performance over the balance of the year. We continue to have an excellent balance sheet with no long-term debt which, combined with our stable cash flow generation, positions us to return capital to shareholders through our quarterly cash dividend. At the same time, our team continues to actively evaluate potential strategic transactions that would allow us to leverage our operating expertise and strong financial position to drive long-term growth. We are also now actively pursuing gaming expansion including for sports betting initiatives in Minnesota which we believe can further support our growth. The future of Canterbury Park has never been brighter, and we look forward to driving our company and community forward.”

Canterbury Commons Development Update
In late April 2023, the Company completed its sale of approximately 37 acres in the northeast corner of the property to Swervo which will allow Swervo to begin development of a state-of-the-art, 19,000-seat amphitheater. Swervo is expected to begin construction in Spring 2023 with an anticipated opening in 2025. Canterbury is also making progress with the first phase of its barn relocation and redevelopment plan, which among other things will free up land for the amphitheater and facilitate the creation of an entertainment district around the venue.

Construction updates related to joint ventures include:

  • Greystone Construction (“Greystone”) is expected to complete an 11,000 square-foot brewery, taproom (Badger Hill) and Mexican restaurant (Bravis Modern Street Food) in early Summer 2023.
  • Doran Companies continues its development of Phase II of the upscale Triple Crown Residences at Canterbury Park, with occupancy for some of the units anticipated in January 2024.
  • Construction on the Omry, featuring 147 units of senior market rate apartments, is underway with first occupancy expected in September 2023.

Construction updates related to prior land sales include:

  • Pulte Homes of Minnesota continues to make progress with the sale of units within the 63-unit first phase of its new row home and townhome residences, with development of the 45-unit second phase expected to begin in Fall 2023.
  • Lifestyle Communities expects to begin construction of Artessa at Canterbury Park – a cooperative community featuring a 56-unit building with over 5,000 square feet of amenity spaces – in Fall 2023.
  • Greystone broke ground on the Next Steps Learning Center preschool earlier this year, with construction expected to be complete in late 2023.

Developer and partner selection for the remaining 40 acres of Canterbury Commons continues, with additional uses potentially including offices, retail, a hotel, and restaurants.

Summary of 2023 First Quarter Operating Results
Net revenues for the three months ended March 31, 2023, decreased 2.5% to $13.3 million, compared to $13.6 million in the same period last year. The year-over-year decrease was primarily driven by decreases in Casino and Pari-mutuel revenues of 6.2% and 9.1%, respectively, due to decreased attendance attributable to inclement weather, along with lower spend per visit. Food and Beverage and Other revenues grew year-over-year by 20.7%, primarily driven by a more normalized and more strongly attended special events calendar.

Operating expenses for the three months ended March 31, 2023, were $11.7 million, an increase of $534,000, or 4.8%, compared to operating expenses of $11.2 million for the same period in 2022. The year-over-year increase in operating expenses was primarily driven by higher labor and contracted services costs as well as increased costs across the business due to the current inflationary environment.

The Company recorded a gain of $1.9 million and a loss of $240,000 from equity investments for the three months ended March 31, 2023 and 2022, respectively, primarily related to its share of depreciation, amortization, and interest expense from the Doran Canterbury joint ventures. The 2023 first quarter gain is related to insurance proceeds received related to a claim by the joint venture against a third party. The 2022 first quarter loss was partially offset by a one-time gain recorded from the Canterbury DBSV joint venture as a result of Canterbury DBSV transferring a parcel of land to another joint venture for the Omry development.

The Company recorded income tax expense of $1.0 million and $606,000 for the three months ended March 31, 2023 and 2022, respectively, resulting in an effective tax rate of 27.3% and 25.5%, respectively.

The Company recorded net income of $2.8 million and diluted earnings per share of $0.56 for the three months ended March 31, 2023. The Company recorded net income of $1.8 million and diluted earnings per share of $0.36 for the three months ended March 31, 2022.

Adjusted EBITDA, a non-GAAP measure, decreased 30.0% year-over-year to $2.5 million in the 2023 first quarter, compared to $3.5 million in the 2022 first quarter.

Additional Financial Information
Further financial information for the first quarter ended March 31, 2023 is presented in the accompanying tables at the end of this press release. Additional information will be provided in the Company’s Quarterly Report on Form 10-Q that will be filed with the Securities and Exchange Commission on or about May 12, 2023.

Use of Non-GAAP Financial Measures
To supplement our financial statements, we also provide investors with information about our EBITDA and Adjusted EBITDA, each of which is a non-GAAP measure, and which exclude certain items from net income, a GAAP measure. We define EBITDA as earnings before interest, taxes, depreciation and amortization. We define Adjusted EBITDA as earnings before interest income, income tax expense, depreciation and amortization, as well as excluding gain on sale of land, depreciation and amortization related to equity investments, interest expense related to equity investments, and grant money received from the Minnesota COVID-19 relief package. Neither EBITDA nor Adjusted EBITDA is a measure of performance calculated in accordance with generally accepted accounting principles (“GAAP”), and should not be considered an alternative to, or more meaningful than, net income as an indicator of our operating performance. See the table below, which presents reconciliations of these measures to the GAAP equivalent financial measures. We have presented EBITDA as a supplemental disclosure because we believe that, when considered with measures calculated in accordance with GAAP, EBITDA gives investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes, and it is a widely used measure of performance and basis for valuation of companies in our industry. Other companies that provide EBITDA information may calculate EBITDA differently than we do. We have presented Adjusted EBITDA as a supplemental disclosure because we believe it enables investors to understand and assess our core operating results excluding the effect of these items and is useful to investors in allowing greater transparency related to a significant measure used by management in its financial and operational decision-making. Adjusted EBITDA has economic substance because it is used by management as a performance measure to analyze the performance of our business and provides a perspective on the current effects of operating decisions.

About Canterbury Park
Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State. The Company generally offers live racing from May to September. The Casino hosts card games 24 hours a day, seven days a week, dealing both poker and table games. The Company also conducts year-round wagering on simulcast horse racing and hosts a variety of other entertainment and special events at its Shakopee facility. The Company is also pursuing a strategy to enhance shareholder value by the ongoing development of approximately 140 acres of underutilized land surrounding the Racetrack that was originally designated for a project known as Canterbury Commons™. The Company is pursuing several mixed-use development opportunities for the remaining underutilized land, directly and through joint ventures. For more information about the Company, please visit www.canterburypark.com.

Cautionary Statement
From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, we may make forward-looking statements concerning possible or anticipated future financial performance, business activities or plans. These statements are typically preceded by the words “believes,” “expects,” “anticipates,” “intends” or similar expressions. For these forward-looking statements, we claim 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 our actual results and cause actual results to differ materially from those indicated in the forward-looking statements. We report these risks and uncertainties in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. They include, but are not limited to: sensitivity to reductions in discretionary spending as a result of downturns in the economy; the termination of the Cooperative Marketing Agreement with the Shakopee Mdewakanton Sioux Community and the purse enhancement payments and marketing payments made under such agreement;; the occurrence of epidemics, pandemics, outbreaks of disease, and other adverse public health developments; the inability to attract a sufficient number of horses and trainers; a lack of confidence in core operations resulting in decreasing customer retention and engagement; personal injury litigation due to the inherently dangerous nature of horse racing; material fluctuations in attendance at the Racetrack; material changes in the level of wagering by patrons; any decline in interest in horse racing or the unbanked card games offered in the Casino; competition from other venues offering racing, unbanked card games or other forms of wagering; competition from other sports and entertainment options; increases in compensation and employee benefit costs; 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; our ability to successfully develop our real estate, including the effect of competition on our real estate development operations and our reliance on our current and future development partners; temporary disruptions or changes in access to our facilities caused by ongoing infrastructure improvements; inclement weather and other conditions affecting the ability to conduct live racing; technology and/or key system failures; cybersecurity breaches; the failure to receive reimbursement for certain public infrastructure improvements we have committed to undertake; the general effects of inflation; our ability to attract and retain qualified personnel; dividends that may or may not be issued at the discretion of our Board of Directors; and other factors that are beyond our ability to control or predict.

The forward-looking statements in this press release speak only as of the date of this press release. Except as required by law, Canterbury assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future.

Investor Contacts  
Randy Dehmer Richard Land, Jim Leahy
Senior Vice President and Chief Financial Officer JCIR
Canterbury Park Holding Corporation 212-835-8500 or [email protected]
952-233-4828 or [email protected]  

– financial tables follow –

  Three months ended
  March 31,
  2023   2022
Operating Revenues:      
Casino $9,714,355   $10,360,427
Pari-mutuel 1,133,334   1,246,687
Food and Beverage 1,469,831   1,088,722
Other 982,038   942,136
Total Net Revenues $13,299,558   $13,637,972
Operating Expenses 11,754,737   11,211,736
Income from Operations 1,553,821   2,426,236
Other Income (Loss), net 2,257,686   (46,682)
Income Tax Expense (1,041,000)   (605,641)
Net Income 2,770,507   1,773,913
Basic Net Income Per Common Share $0.57   $0.37
Diluted Net Income Per Common Share $0.56   $0.36

  Three months ended
  March 31,
  2023   2022
NET INCOME $2,770,507   $1,773,913
Interest income, net (399,175)   (192,840)
Income tax expense 1,041,000   605,641
Depreciation 735,261   745,949
EBITDA 4,147,593   2,932,663
Gain on insurance proceeds related to equity investments (2,528,901)  
Depreciation and amortization related to equity investments 440,764   421,323
Interest expense related to equity investments 422,261   192,813
ADJUSTED EBITDA $2,481,717   $3,546,799

Rightlander Limited Appoints Sarafina Wolde Gabriel As Chief Strategy Officer

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Rightlander Limited appoints seasoned digital marketing leader Sarafina Wolde Gabriel as Chief Strategy Officer, marking a new era of strategic expansion and innovation for the global compliance and risk management solutions provider.

Rightlander, the advertising and affiliate compliance monitoring specialist, is pleased to announce the appointment of Sarafina Wolde Gabriel as Chief Strategy Officer (CSO).

In her new role, Wolde Gabriel will work closely with the company’s founder, Ian Sims, and the broader management team to craft and implement business strategies intended to accelerate the company’s growth on a global scale.

“Sarafina brings a wealth of experience and a proven track record of success in strategic planning and business development,” said Ian Sims. “We are confident that her innovative thinking and strategic approach will be instrumental as we continue to grow our business and enter new markets.”

Wolde Gabriel’s remit will include expanding Rightlander’s reach into new markets and verticals, evaluating potential new product opportunities, and building strategic partnerships to boost business growth. This strategic vision aligns with the company’s objective to strengthen its market position and meet the increasingly complex needs of clients around the world.

Speaking on her appointment, she said, “I am thrilled to join Rightlander Limited and am committed to contributing to the company’s forward-looking approach. I look forward to working with Ian and the entire team to explore new opportunities and create innovative strategies that will drive global growth.”

A seasoned professional in digital marketing with over 19 years of experience, Wolde Gabriel brings to Rightlander a wealth of knowledge in leadership within the iGaming and marketing sectors.

Beginning her impressive career journey with Paysafe’s Income Access in 2004, she made significant strides, eventually serving as the company’s CMO until 2016. Her tenure with Paysafe was decorated with numerous industry awards, underscoring her expertise in driving growth and success in the digital marketing space.

In her most recent role as the VP of Strategy at Income Access, she directed innovative marketing strategies and established key business partnerships, contributing to the company’s global expansion. In 2022, Wolde Gabriel made a strategic shift, joining GeoComply, a geolocation and fraud prevention company, as a senior director, where she continued to excel in new business development and global expansion.

Wolde Gabriel holds a Master’s Degree in Marketing from the University of Surrey, UK, and a Bachelor’s degree in International Business and Marketing from Concordia University, Montreal. An active contributor to her community, she served as the President of the African Students Association during her time at Concordia University.

The addition of Wolde Gabriel to Rightlander Limited’s leadership team reflects the company’s ongoing commitment to strengthening its strategic direction and accelerating its growth trajectory.

For more information on Rightlander Limited and its comprehensive range of services, visit www.rightlander.com.

NetBet Italy adds cutting edge slot developer RAW iGaming to its library


ROME, May 22, 2023 (GLOBE NEWSWIRE) — NetBet Italy, one of the most interesting online casinos in the country, has teamed up with innovative provider RAW iGaming to offer the best of their portfolio to NetBet players.

NetBet continues to make waves in the online casino industry with their enviable catalogue of slots. Over the past two decades, they have formed a number of strong relationships with some of the biggest game providers in the world, and this collaboration with RAW iGaming is sure to be no different.

RAW iGaming’s innovative SuperSlice® engine offers dynamic slices to every wheel design so players never know what those slices will contain. It could be a multiplier trigger, a high or a low value symbol, free spins, re-spins, expanding wilds or it could just be empty. This means the action never stops and is different on every spin.

This brand-new link-up with RAW iGaming allows NetBet’s Italy-based players the opportunity to try a fantastic array of slots, including Mad Joker Super Slice, Blackbeards Super Slice Rings and Popeye vs Brutus Super Slice.

NetBet Italy’s PR manager, Claudia Georgevici, said: “Here at NetBet, we pride ourselves on our relationship with our game providers and we welcome RAW iGaming to our online casino.

“They truly are ahead of their time with their unique graphics and intuitive gameplay, and we are certain that this will be the start of a fantastic partnership that will last for many years to come.”

Tom Wood, CEO at RAW, added: “This is a great partnership that will allow NetBet players to access our truly thrilling online casino content for the first time.

“This integration will allow NetBet to stand out from its rivals with disruptive and innovative content that keeps players coming back from more.”

For more information contact [email protected]

About NetBet.it

NetBet.it is a single-member BPG srl site, founded in 2008. It is one of the first Italian portals specialising in online gaming and is licensed by ADM. With access to thousands of industry-leading casino games and daily sports events, NetBet.it has evolved into one of Italy’s favourite online gaming brands.

For more information please visit: https://www.netbet.it

About RAW iGaming

Founded in March 2021 by well-known industry experts, is a completely new studio with a conviction to create entertainment that stands out. They develop innovative, easy-to-understand and boundary-pushing slot games, always based on behavioural insights and accumulated learnings. For more information, go to www.linkedin.com/company/raw-igaming


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