2018 has been a good year for the gambling industry in Canada. The Great Canadian Gaming has witnessed remarkable revenue growth in the 2018 third quarter. This is evident from the company’s latest financial report.
The company saw the operations yielding revenue of $343.2 million for the third quarter of 2018. This came with adjusted EBITDA worth $140.6 million. These figures denote a hike of 115% and 124%, in that order compared to the last year.
The Canadian gaming operator Shareholders got net earnings worth 52.6 million collectively. It is a 95% growth compared to the previous year. This is great for both offshore and local stakeholders in the entity.
The Great Canadian Gaming announced on August 30th Expansion plans for its Casino Woodbine. The gaming floor will get over 300 slot machines with 50 table games. There will be oodles of electronic table games. The additional 50 table games installation is a big achievement for the company. The Casino Woodbine also enhanced gambling capacity at the third level. Now, the property has 100 table games and 3700 real money slot machines.
Rod Baker, the chief executive officer and president of Great Canadian Gaming is upbeat about the developments, naturally. He said in a press release 2018 has been a great year for the entity. The results include new revenues for a month from the Casino Woodbine. The CEO thinks the company is on a growth trajectory and the customer base is also poised to grow.