Gamehost revenues rise

Gamehost Income Fund (TSX:GH.UN) maintained relatively flat earnings in the first quarter of 2009 despite the tough economic conditions.

Gamehost Income Fund (TSX:GH.UN) maintained relatively flat earnings in the first quarter of 2009 despite the tough economic conditions.

The Red Deer-based income fund reported on Thursday that it generated $13.8 million in revenues during the first three months of the year, a four per cent improvement over the same period in 2008. Net earnings for the last quarter were $2.8 million, or 25.7 cents a unit. Those earnings are $23,000 lower than a year ago, when earnings per unit were 25.9 cents.

A news release issued by Gamehost said the past six months “have been clouded with an economic storm of epic proportions.”

It pointed to deferrals of oil sands projects at Fort McMurray, the struggling forestry industry around Grande Prairie and fierce competition for declining gaming dollars in Calgary as affecting its casino operations in those cities.

Just Posted

Man accused of manslaughter in fatal collision testifies he was cut off

A Delburne man accused of causing a fatal collision said he was… Continue reading

Class size targets hard to reach in Red Deer

Red Deer Public Schools recently updated its average class size

Lotteries look to younger customers to increase sales

Promoting online and interactive games

Red Deer man helps light up the holidays for others

Jim Elliott’s in his 15th year of mapping the city’s most magical, lit-up homes

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

Barry Cooper: Separation has become a real possibility, thanks to Ottawa’s abuses

In the past couple of weeks, a retired senior oil executive, Gwyn… Continue reading

Sex assault trial for former gymnastics coach resumes in Sarnia

SARNIA, Ont. — The trial of a former high-ranking gymnastics coach accused… Continue reading

Victims of former ski coach Charest say they were ‘sacrificed’ by Alpine Canada

MONTREAL — A lawsuit filed Wednesday against Alpine Canada by three victims… Continue reading

Emily Blunt on the ‘daunting’ task of playing Mary Poppins

BEVERLY HILLS, Calif. — Emily Blunt loves a challenge, and in the… Continue reading

Tommy Chong says Canada’s weed legalization has kept ‘underground market alive’

TORONTO — Tommy Chong has a pass, man. While some Canadians who… Continue reading

Apple deepens Austin ties, expands operations east and west

AUSTIN, Texas — Apple will build a $1 billion campus in Austin,… Continue reading

Trump comments upend U.S. approach to Huawei, trade talks

WASHINGTON — The United States and China have taken pains this week… Continue reading

Most Read