Great Canadian Gaming is among the leading casino operators in Canada, with operation across several provinces and continuing its expansion. Its operation is closely monitored within the field and provides helpful insights on its future development, which is the reason why next month’s financial results announcement is eagerly anticipated by many. It is going to take place on August 13 and cover the second quarter of fiscal 2019-2020.
One of the most accurate gauges for a company’s performance is the financial performance information issued publicly. Four times a year large corporations issue their revenue information, profit, and more for everyone to see. Shareholders are also directly affected by the details issued, as this could make the company’s future clearer. Great Canadian Gaming is ready to issue its own performance over the most recent fiscal quarter.
Casino Expansion Continues
The second quarter of fiscal 2019-2020 came to its end on June 30 and now it is time for the mandatory financial report covering the three months of operation. Casino resorts across British Columbia, Ontario, and Atlantic Canada are known for their diverse gamin offerings and exciting family-friendly offerings, that have been on fire over the past months.
Some 24 locations across the three provinces have been continuously working towards excellence and it is their time to shine in the quarterly report that would be issued mid-August. At 2 p.m. Pacific Time on August 13, a special conference call is going to introduce the financial results and provide a detailed review. In addition to that, Great Canadian Gaming’s management is going to talk about the future of the casino operator in Canada.
Rod N. Baker, Chief Executive Officer, and Terrance Doyle, President, Strategic Growth & Chief Compliance Officer would share their thoughts on the company’s future. Projections about future performance, as well as plans for expansion, are also going to be part of this conversation. Earlier this year, the Canadian leading operator made it clear that it would focus on its expansion in Ontario, at the expense of its three subsidiary casino locations in Washington, US.
Q1 Marked 35-Pct Revenue Surge
The subsidiary Great American Gaming was sold for US$56 million to Maverick Casinos. In its essence, this move means that the Canadian casino operator made its exit from the American market. The new US-based casino operator would now manage Great American Casino Everett, Great American Casino Lakewood, and Great American Casino Tukwila.
As Great Canadian Gaming works on its casino complex in Pickering called Durham Live. It has also been confirmed that the casino operator would not close Casino Ajax, regardless of previous concerns of field cannibalization. The financial information is going to be issued once the market has already closed, meaning that those unable to learn everything first-hand during the conference call will have the chance to do so later.
The first quarter of this fiscal year ended March 31, 2019 and managed to generate a 35-percent jump in the revenue increasing it to CA$312.1 million. The adjusted earnings before interest, tax, depreciation, and amortization reached CA$111.6 million.
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