Great Canadian Gaming Q1 Profits Drop
Earnings for the quarter ended March 31 amounted to two cents a diluted share, compared with 12 cents per share a year ago, the Richmond-based company reported Monday.
Revenue rose to $86.6 million from $85.6 million.
"Our first-quarter results provide positive evidence of Great Canadian's renewed focus on operations, chairman-CEO Ross McLeod said in a release.
"We have taken initial steps to reduce our cost structure and grow profitability across our operations. While I expect the coming quarters to build a trend of improvement, much work remains to be done."
Gambling revenue increased four per cent from the fourth quarter of 2005.
May 15, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com
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