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

PHOTO: Rainbow Block Party at Red Deer’s West Park

The Trans and Non-Binary Aid Society hosted a Rainbow Block Party at… Continue reading

Blood donations needed in Central Alberta: Canadian Blood Services

357 donors are needed before Aug. 26 at the Red Deer clinic

Warkentin seeks UCP nomination

Another nominee for Red Deer North

WATCH: Annual Family Picnic at Central Spray and Play

Blue Grass Sod Farms Ltd. held the Annual Family Picnic at the… Continue reading

Photos: Smoky conditions in Red Deer

Red Deer and area is experiencing high risk air quality.See related: Red… Continue reading

Committee to decide how millions in Humboldt Broncos donations are split

SASKATOON — Lawyers for the families of some of those who died… Continue reading

Boy, 11, dies after being struck by payloader on southern Alberta ranch

BOW ISLAND, Alta. — A boy has died after an accident on… Continue reading

Liberals look at creating federal holiday to mark legacy of residential schools

OTTAWA — The federal Liberal government wants to establish a holiday to… Continue reading

Thousands of police officers expected at regimental funeral in Fredericton

FREDERICTON — Thousands of police officers and first responders from across the… Continue reading

B.C. declares state of emergency over wildfires

VICTORIA — The British Columbia government has declared a provincial state of… Continue reading

As service refusals make headlines, experts say businesses usually in the wrong

Two Canadian businesses that recently made headlines for refusing customers have learned… Continue reading

Irregular asylum claims increased in July after two months of decline

OTTAWA — The number of irregular border crossers in Canada went up… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month