Canada’s Gaming Industry Reigns Supreme in Q2

According to Great Canadian Gaming Corporation’s quarterly report for the period ending June 30, 2019, the company’s revenue climbed by 20% year over year, reaching $354 million. Great Canadian’s adjusted EBITDA increased from $153.7 million to $122.7 million during Quarters 2 of 2018 and 2019.

The selling of shares in Great American Gaming Corporation by a Richmond-based entertainment powerhouse is just one factor contributing to these profits. numerous existing Great Canadian venues have been expanded, and numerous new ones have opened, both of which have contributed.


Major American Discount

The Great Canadian Gaming Corporation divested itself of its whole stake in the Great American Gaming Corporation during the second quarter of 2019. The company made a cool $47 million after taxes on the $73.4 million deal.


The completion of the Great American sale, as stated by Great Canadian CEO Rod Baker, has allowed the Canadian firm to refocus on its primary growth regions.


Openings and Expansions

The growth of numerous of Great Canadian’s entertainment venues in Q2 and the months preceding up to it contributed significantly to the company’s financial performance in the period.


In May, Great Canadian Gaming Corporation added 1500 slot machines and 60 table games at Elements Casino Mohawk in Campbellville, Ontario. The company has also added table games to its Woodbine location. This and that are included in the May 2017 purchase of the West GTA Gaming Bundle.


Meanwhile, earnings from the East Gaming Bundle were up as well. Shorelines Casino Peterborough, which opened in October 2018, and Shoreline Slots at Kawartha Downs, which reopened at the end of 2018, both contributed to this growth.


A Bright Future

Great Canadian Gaming Corporation’s current success seems to be a good sign of its future success given the company’s plans to continue expanding.


Baker said that Great Canadian’s upcoming Ontario entertainment mecca, Pickering Casino Resport, should be finished by the end of the first quarter of 2020. In parallel, Great Canadian has been collaborating intently with the OLG to revitalize the formerly moribund Casino Ajax gaming and horse racing site.


Great Blue Heron Casino, Elements Casino Mohawk, Elements Casino Flamboro, and Elements Casino Grand River will all see expansions as part of Great Canadian’s ongoing 2019 infrastructure expenditures in Ontario.

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