Great Canadian Gaming Announces Third Quarter 2013 Results

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[{"type":"text","content":"\n\n\nRICHMOND, BC, Nov. 6, 2013 /CNW/ - Great Canadian Gaming Corporation (TSX:GC) (\"Great Canadian\" or \"the Company\") today announced its financial\n results for the three month period ended September 30, 2013 (\"third\n quarter 2013\").\n\n\nTHIRD QUARTER 2013 HIGHLIGHTS\n(Amounts presented in millions of Canadian dollars, except for per share\n information)\n\n\n\nRevenues of $103.1 million, a 1% increase when compared to the prior\n year\n\n\n\n\nEBITDA(1) of $39.1 million, a 9% increase when compared to the prior year\n\n\n\n\nNet earnings of $13.3 million, a $14.2 million increase when compared to\n the prior year\n\n\n\n\nAdjusted net earnings(2) of $13.3 million, a 10% increase when compared to the prior year\n\n\n\n\nOpened  the permanent Chances Maple Ridge facility on October 23, 2013\n (formerly the temporary 'Maple Ridge Community Gaming Centre')\n\n\n\n\nAnnounced that Boulevard Casino will re-launch as the Hard Rock Casino\n Vancouver, opening on December 20, 2013\n\n\n\n\nDuring the third quarter and early October of 2013, repurchased and\n cancelled 1.7 million common shares at an average price of $11.14\n\n\n\n\n\n\n\n\n           \n\n\n\n\n \n\n\nThird Quarter\n\n\n \n\n\nFirst Nine Months of\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n% Chg\n\n\n \n\n\n2013\n\n\n2012\n\n\n% Chg\n\n\n\n\nRevenues\n\n\n $ 103.1 \n\n\n $ 101.8\n\n\n1%\n\n\n \n\n\n $ 305.7 \n\n\n $ 305.9\n\n\n0%\n\n\n\n\nEBITDA (1)\n\n\n $ 39.1 \n\n\n $ 35.8\n\n\n9%\n\n\n \n\n\n $ 115.4 \n\n\n $ 110.1\n\n\n5%\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\nEBITDA as a % of Revenues\n\n\n37.9%\n\n\n35.2%\n\n\n \n\n\n \n\n\n37.7%\n\n\n36.0%\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\nNet earnings (loss)\n\n\n $ 13.3 \n\n\n $ (0.9)\n\n\n \n\n\n \n\n\n $ 55.9 \n\n\n $ (30.1)\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\nNet earnings (loss) per common share\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\nBasic\n\n\n $ 0.20 \n\n\n $ (0.01...

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