Take Stock – November 18

Red Deer-based Gamehost Income Fund (TSX: GH.UN) has reported reduced revenues and income for the quarter ended Sept. 30.

Gamehost income down

Red Deer-based Gamehost Income Fund (TSX: GH.UN) has reported reduced revenues and income for the quarter ended Sept. 30. The fund, whose continuing operations consist of Boomtown Casino in Fort McMurray; Great Northern Casino, Service Plus Inns & Suites and a strip mall in Grande Prairie; and a 40 per cent interest in Deerfoot Inn & Casino in Calgary, had combined revenues of $11.3 million during the three-month period. That was down 15 per cent from the $13.3 million generated in the same quarter in 2008.

Net income from those operations during the quarter was $2.1 million, down 24 per cent from the $2.8 million earned during the same period in 2008. A release issued by Gamehost said “sluggish” economic activity across the province impacted its operations, including reduced oil and gas drilling, business and corporate travel.

The numbers do not include the Stampede Casino in Calgary, in which Gamehost held a 20 per cent interest. The casino went into receivership in August, with the resulting losses $5.7 million.


Day Care in strip mall

Red Deer’s municipal planning commission has opened the door for increased day care spaces in the city. The commission approved the proposed use of a 68-child day care facility in a Deer Park strip mall. The application, which was made under the name Tiny Toes Castle of St. Albert, calls for the day care to be developed at 255 Davison Dr. Services would include a day care, kindergarten and after-school care. Hours of operation are expected to be 7 a.m. to 6 p.m., Monday to Friday. Staff would consist of seven full-time and four part-time employees. Administration said that the 44 stalls exceeds the minimum required by two, and traffic to the day care would likely arrive at staggered times.

Just Posted

Red Deer property taxes to go up 2.15 per cent in 2019

City council approves $369.8 million budget

Sylvan Lake council approves concept plan for new park

Pogadl Park will eventally be home to numerous ball diamonds and sports fields

One person dead after collision on Highway 2A

Pickup truck and grain truck collided on Highway 2A south of Carstairs

Updated: Trial stalls for man accused in fatal Canada Day 2016 crash

Defence lawyer argued relevant information received only hours before trial to begin

Sylvan Lake council passes 2019 budget

Tax rate increase of 2.74 per cent set for this year

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

B.C. boy, aunt missing for three days

The pair are missing from Kamloops

Liberal bows out of byelection after singling out Jagmeet Singh’s race

Karen Wang says she made comments online that referenced Singh’s cultural background

Shooter pleads guilty to manslaughter in Stettler

A Stettler man charged with second-degree murder has pleaded guilty to manslaughter.… Continue reading

Kentucky canoe outfit borrows photo of Trudeau family to market business

They are in a red canoe, all clad in life jackets, and Sophie Gregoire Trudeau and Ella-Grace are waving

Police chief confirms all three Ottawa bus victims were on board when it crashed

OTTAWA — All three people killed in last week’s deadly bus accident… Continue reading

Theresa May wins no-confidence vote after Brexit deal rejection

UK PM can keep her job, after House of Commons voted 325-306

Alberta doctor accused of sexual assault asked to voluntarily give up practice

College says Dr. Barry Wollach should discontinue his practice, given the seriousness of the allegation against him

Speedy acceptance of Saudi shows refugee system’s flaws

Who would not wish Rahaf Mohammed well? The 18-year-old Saudi wants to… Continue reading

Most Read