Red Deer-based Gamehost Inc. (TSX: GH) has reported record revenue for the three months ended March 31.
The company, which operates Boomtown Casino in Fort McMurray; Great Northern Casino, Service Plus Inns & Suites and a strip mall in Grande Prairie; and has a 91 per cent stake in Deerfoot Inn & Casino Inc. in Calgary, had operating revenue of $19.1 million during the last quarter.
That marked a one per cent improvement over the $18.9 million recorded for the same period in 2012.
Gamehost’s profit and comprehensive income for the first quarter was $4.7 million, up 11 per cent from $4.2 million a year earlier.
Earnings per share were 19 cents, up from 18 cents.
The company said in a release that it’s optimistic about the impact of downtown redevelopment in Fort McMurray upon the operations at its casino there, and that construction of a new hospital adjacent to its property in Grande Prairie will prove beneficial as well.
It also pointed to the likely positive effects of development around Deerfoot Inn & Casino in Calgary.