Great Canadian Gaming To Reveal Its Q2 Financial Results on August 13
The company has been expanding its presence all over the country, and whether this expansion has given any results is set to be revealed on August 13, when Great Canadian Gaming reveals its latest financials.
The upcoming report will cover the second quarter of this year.
Waiting for an Important Financial Update
Quarterly results are the best way to gain insight into the company’s performance. Four of these reports are published every year, offering detailed information on the company’s revenue, profit, and other important areas.
The results also have a significant impact on shareholders, as they provide a clearer overview of the company’s future. Now, the Canadian gaming and hospitality giant is getting ready to reveal its performance over the latest period.
The second quarter of 2019 came to an end on June 30, 2019. During these three months, casinos and resorts operated by Great Canadian Gaming have been very busy, so we’re eager to see whether this hard work will pay off. Great Canadian Gaming’s facilities in British Columbia, Ontario and Atlantic Canada all boast a diverse gaming offering, carefully selected to appeal to a wide array of customers.
According to available information, the latest report is set to be publicly revealed on August 13, offering detailed information on the company’s financial results. Apart from this, the firm’s management will discuss the future of the Canadian casino operator.
Rod Baker, Chief Executive Officer and Terrance Doyle, President, Strategic Growth & Chief Compliance Officer will talk about the future of the British Columbia-based company and discuss its plans for the future.
Focusing on Ontario
Great Canadian Gaming has already revealed it will focus its attention on Ontario at the expense of its three facilities in the state of Washington. So it came as no surprise when the company announced it would sell its casinos in Everett, Tukwilla and Lakewood to Maveric Gaming for $56 million. This move market the Canadian company’s exit from the U.S. market.
The work on the Pickering casino complex in the Durham region, called Durham Live, is well underway, while the expansion of the offering of Elements Casino Mohawk, located in the Campbellville area of Halton should be completed during the second quarter.
After the completion of the expansion, the casino’s offering will comprise of 1,500 slot machines and 60 table games.
In the first quarter of this year, which concluded on March 31, Great Canadian Gaming Corporation recorded a 35% increase in revenue, ending the period with C$312.1 million, while its adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to C$111.6 million.
Great Canadian Gaming Corporation was established back in 1982, initially operating charity casinos and a venue at Pacific National Exhibition in Vancouver. Its first permanent casino in Vancouver opened in 1986. Today the company is one of the leading casino operators in the country, listed on the Toronto Stock Exchange.