Gaming News

Great Canadian Gaming Profit Grows

RICHMOND, British Columbia – As reported by the Canadian Press: "Great Canadian Gaming Corp. announced Monday its quarterly profit grew by 46 per cent on a newly opened casino and acquisitions.

"Great Canadian Gaming made a profit of $6.3 million, or 23 cents, in the third quarter ended Sept. 30. That compared with a profit of $4.3 million, or 19 cents per share, in the year-earlier quarter. Sales increased by 74 per cent to $49.8 million from $28.7 million.

"The company said revenue growth came primarily from the opening of the River Rock Casino Resort in June, the acquisition of Hastings Entertainment Inc. in April and the acquisitions of various U.S. non-controlling interests during the year.

"…Shares in Great Canadian Gaming (TSX:GCD), which reported after financial markets closed, ended Monday up 37 cents at $37.18 on the Toronto stock market."

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