HomeNews ❯ Great Canadian Releases Strong 3rd Quarter Results

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Great Canadian Releases Strong 3rd Quarter Results

It’s clear that there are plenty of big names in Canadian gambling, and nobody could deny that Great Canadian Gaming is one of the leading players. The company has been behind some of the most impressive casino projects in Canada for a good many years now. As a company at the forefront of casino hospitality and gaming across the country for some time now, GCG has developed a pretty successful business model.

It has been a topsy-turvy year for Great Canadian, as the company has had to deal with the rough as well as the smooth. Back in the summer, a probe was launched to investigate the links between Great Canadian and an international money laundering operation. This is still an ongoing line of investigation, and it was an incident that threatened to derail the growth and success the company had achieved.

However, it seems like GCG has battled back and managed to make a success of the year regardless of this unfortunate development. Indeed, the company has just released its results for the third quarter of 2018. Back in August we saw the results of Great Canadian’s 2nd quarter, which showed further growth and development as a company. Well, it looks as though the trend is continuing in pretty much the same way judging by the third quarter results.

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The 3rd quarter releases for GCG show strong results, most likely as a result of many of the recent deals and projects the company has overseen. For instance, just last month that the deal to develop a new casino complex in Peterborough had come to fruition, and Shorelines Casino Peterborough opened to the public. This is just one of several long-term projects that have played a big role in improving success for GCG.

Following the announcement last month that Great Canadian would be announcing Q3 results in November, there was a genuine concern that the company may not have great results. But, it seems that these worries were unfounded, because GCG has delivered once again, and produced some marvellous results. The company continues to go from strength to strength, and this proves that negative press is not always bad for a business!

Indeed, it seems that the revenue growth for the company has increased to C$343.2 million in the third quarter, a 115% growth from last year! Company CEO Rod Baker was, understandably, delighted at the results saying, “Our results reflected a full three months of operations from the West GTA Gaming Bundle, and approximately one month of new revenues for Casino Woodbine generated from the introduction of table games and additional slot machines.”

If the company continues on the upward trajectory they have been on, we should see further growth once more in quarter 4. Of course, it depends largely on the projects that Great Canadian have in mind, and the developments that are going to occur over the next few months. One thing, however, is certain, this is a company that knows how to be a success.

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