Gamehost Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 04:14 pm EDT
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Gamehost Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 17.9 million compared to CAD 2.9 million a year ago. Net income was CAD 3.4 million compared to net loss of CAD 0.4 million a year ago. Basic earnings per share from continuing operations was CAD 0.15 compared to basic loss per share from continuing operations of CAD 0.02 a year ago.
For the six months, sales was CAD 32.9 million compared to CAD 4 million a year ago. Net income was CAD 5.3 million compared to net loss of CAD 1.4 million a year ago. Basic earnings per share from continuing operations was CAD 0.23 compared to basic loss per share from continuing operations of CAD 0.06 a year ago.
Gamehost Inc. operates hospitality and gaming properties in Alberta, Canada. The Company's segments include gaming, hotel, and food and beverage. The Gaming segment includes three casinos offering slot machines, electronic gaming tables, video lottery terminals, lottery ticket kiosks and table games. The Hotel segment provides full and limited-service hotels, banquet and convention services, and includes three hotels catering to mid-range clients. The Food and Beverage segment has operations that are located within the casinos and hotels. Its operations include the Deerfoot Inn & Casino in Calgary, Rivers Casino & Entertainment Centre in Fort McMurray, the Great Northern Casino, Service Plus Inns & Suites, and Encore Suites by Service Plus Inns, all located in Grande Prairie. The Company also owns an investment property located adjacent to its operating properties in Grande Prairie. Its subsidiaries include Gamehost Limited Partnership and Deerfoot Inn & Casino Inc.
GAMEHOST INC. 
