Great Canadian Gaming reports revenue growth

Great Canadian Gaming, the Toronto-based gaming company, has reported a rise in revenue in the third quarter of 2018.

The revenues rose to $343.2m and adjusted EBITDA increased to $140.6m in the third quarter, which represents 115 and 124 per cent, respectively, year on year.

The company has recently announced the gaming expansion at Casino Woodbine on its second level, with the introduction of 50 table games and over 300 slot machines. Subsequent to the third quarter of 2018, Casino Woodbine added further gaming capacity on its third level, bringing the total gaming capacity to approximately 3,700 slot machines and 100 table games.

“2018 continues to be an exceptional year for Great Canadian,” said Rod Baker, the company’s president and chief executive officer. “Our third quarter results reflected a full three months of operations from the West GTA Gaming Bundle, which is under Great Canadian’s management since May 1, 2018, and approximately one month of new revenues for Casino Woodbine generated from the introduction of table games and additional slot machines. We expect the new table games, which have been well received by the market, to help develop our customer base.”