Business
Great Canadian Gaming announces fourth quarter and annual 2013 results
RICHMOND, BC , March 5, 2014 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] ("Grea...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\nRICHMOND, BC, March 5, 2014 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") today announced its financial\n results for the three month period (\"fourth quarter 2013\") and twelve\n month period (\"2013\") ended December 31, 2013.\n\n\nFOURTH QUARTER AND FULL YEAR HIGHLIGHTS\n\n\n\nRevenues of $101.6 million in the fourth quarter and $407.3 million for\n the year, a 1% decrease when compared to the prior year fourth quarter\n and consistent with the prior year twelve month period\n\n\n\n\nEBITDA(1) of $35.2 million in the fourth quarter, and $150.6 million or a 2%\n increase for the year\n\n\n\n\nNet earnings of $7.2 million in the fourth quarter and $63.1 million for\n the year\n\n\n\n\nAdjusted net earnings(1) of $11.7 million in the fourth quarter and $46.9 million for the year\n\n\n\n\nOn October 23, 2013, opened the permanent Chances Maple Ridge facility\n (formerly the 'Maple Ridge Community Gaming Centre,' a temporary\n facility)\n\n\n\n\nOn December 20, 2013, re-launched Boulevard Casino as the Hard Rock\n Casino Vancouver\n\n\n\n\n\n\n\n\n(Amounts presented in millions of Canadian dollars, except for per share\n information)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFourth Quarter\n\n\n \n\n\nTwelve Months of\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n% Chg\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n% Chg\n\n\n\n\nRevenues\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n \n\n\n101.6\n\n\n \n\n\n$\n\n\n \n\n\n102.8\n\n\n \n\n\n \n\n\n(1%)\n\n\n \n\n\n$\n\n\n407.3\n\n\n \n\n\n$\n\n\n408.7\n\n\n \n\n\n \n\n\n0%\n\n\n\n\nEBITDA (1)\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n \n\n\n35.2\n\n\n \n\n\n$\n\n\n \n\n\n37.5\n\n\n \n\n\n \n\n\n(6%)\n\n\n \n\n\n$\n\n\n150.6\n\n\n \n\n\n$\n\n\n147.6\n\n\n \n\n\n \n\n\n2%\n\n\n\n\n...