An encouraging set of financial results from the Great Canadian Gaming Corporation showed that the company enjoyed a 25 per cent surge in revenue during the second quarter of the year, with a concurrent 18 per cent leap in earnings.
[dropcap]G[/dropcap]CG amassed just over C$140m (E96.8m) from its 20 gaming properties spread throughout British Columbia, Ontario, New Brunswick, Nova Scotia and the US state of Washington. Meanwhile, adjusted earnings for the three months ended June 30 stood at C$55.3m (E38.2m).
The powerful performance was the result of revenue gains across all of its properties – with the exception of the River Rock Casino Resort in Richmond, BC (pictured). Despite enjoying its strongest ever slot performance – the second quarter saw the River Rock suffer unusually sedate table drop, particularly from higher-rolling players.
2015 proved to be a significant year for the Canadian Crown corporation – with GCG making two high-profile casino acquisitions in New Brunswick, as well as introducing its Shorelines Casino brand to two new properties in Ontario.
“As a result of [our] acquisitions, Great Canadian has successfully diversified its revenue base, and we look forward to further diversification upon increasing our presence in New Brunswick and Ontario,” said GCG president and CEO Rod Baker. “This effort has already begun in Ontario, where we have initiated the construction of a new full service casino and entertainment facility in the city of Belleville under the Shorelines brand targeted to reach completion by the end of 2016. This new facility will enable our Shorelines Casinos to better service our guests in this gaming market.”