Friday A.M. Report

Renovated card club boosts Canterbury’s Q2 revenue: Canterbury Park Holding Corp. reported increased second-quarter revenue, following the recent renovation of the Shakopee racetrack’s Card Casino. Canterbury had net revenue of $11.5 million in the quarter ended June 30, up 2.5 percent from the same period last year. Card Casino revenue jumped 17.2 percent, partly offset by a 10.9 decrease in pari-mutuel revenue. The company had a net loss of $380,969, or 9 cents per diluted share, in the second quarter. That compares with a loss of $173,099, or 4 cents per share, in the year-ago period. Read full story

UnitedHealth sued by small Georgia company: Kingdom Insurance Group has filed a lawsuit against UnitedHealth Group and another former business partner, alleging they cheated it out of thousands of commissions and left the church group with fewer insurance choices than it could have had. Thomasville, Georgia-based Kingdom Insurance said it brokered an arrangement to sell health insurance products to the 7.5 million-member National Baptist Convention. But it claims it was cheated out of millions of dollars revenue it would have made from the sale of health insurance policies to the Nashville-based National Baptist Convention, one of the largest African-American church groups in the United States. Read full story

Morneau, Favre Minnesota’s highest-paid athletes: Brett Favre is near the top of Minneapolis-St. Paul Business Journal’s annual Top 25 Highest-Paid Athletes List. Favre’s $13 million paycheck from the Minnesota Vikings didn’t top this year’s list, though. That honor belongs to Minnesota Twins first baseman Justin Morneau, who’s making $15 million this year. Favre was second, followed by Twins catcher Joe Mauer ($12.5 million), Twins closer Joe Nathan ($11.25 million) and Vikings defensive end Jared Allen (about $10.4 million). Read full story

UnitedHealth pledges $3 million to Make-A-Wish Foundation: UnitedHealth Group announced Thursday it has renewed its commitment to the Make-A-Wish Foundation, pledging $3 million to the nonprofit organization over the next three years. Minnetonka-based UnitedHealth is one of the Make-A-Wish Foundation’s largest national sponsors. Since 2007, the health insurer has funded more than 600 wishes through a three-year, $4.5 million commitment. Read full story

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