Gamehost profits improve by 16%

Gamehost Inc. (TSX: GH) posted profits of $6.5 million for the three months ended June 30 — a 16 per cent improvement over the same period in 2013.

Gamehost Inc. (TSX: GH) posted profits of $6.5 million for the three months ended June 30 — a 16 per cent improvement over the same period in 2013.

The company, which is based in Red Deer County just south of Red Deer, had operating revenue of $21 million for the quarter, up from $19.4 million, and earnings per basic share equal to 26 cents, as compared with 23 cents a year earlier.

EBITDA (earnings before interest, taxes, depreciation and amortization) attributable to shareholders was $9.3 million, an improvement from $8.7 million.

Gamehost’s operations include Boomtown Casino in Fort McMurray; Great Northern Casino, Service Plus Inns & Suites and a strip mall in Grande Prairie; and a 91 per cent interest in Deerfoot Inn & Casino Inc. in Calgary.

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