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Gamehost Inc T.GH

Alternate Symbol(s):  GHIFF

Gamehost Inc. operates hospitality and gaming properties in Alberta, Canada. The Company's segments include gaming, hotel, and food and beverage. The Gaming segment includes three casinos offering slot machines, electronic gaming tables, video lottery terminals, lottery ticket kiosks and table games. The Hotel segment provides full and limited-service hotels, banquet and convention services, and includes three hotels catering to mid-range clients. The Food and Beverage segment has operations that are located within the casinos and hotels. Its operations include the Deerfoot Inn & Casino in Calgary, Rivers Casino & Entertainment Centre in Fort McMurray, the Great Northern Casino, Service Plus Inns & Suites, and Encore Suites by Service Plus Inns, all located in Grande Prairie. The Company also owns an investment property located adjacent to its operating properties in Grande Prairie. Its subsidiaries include Gamehost Limited Partnership and Deerfoot Inn & Casino Inc.


TSX:GH - Post by User

Post by cpeczekon Aug 12, 2022 9:52pm
197 Views
Post# 34893405

Camrose Casino Relocation

Camrose Casino Relocation https://www.cbc.ca/news/canada/edmonton/camrose-casino-relocation-aglc-alberta-edmonton-1.6544927

The owners of the Camrose Casino have proposed a relocation of their licence and premises to South Edmonton. A prominent group that lent money to build the Camrose Casino has written an objection which may mean AGLC will refuse the relocation. 

Either way this seems to open an opportunity for Gamehost. If the relocation transpires they could buy the premises in Camrose and apply for a licence now that the process is open. There is no other casino there and from my understanding Camrose is a relatively prosperous town. 

If the relocation is refused, then South Edmonton could be a possible expansion point as well. If it seemed viable to a competitor it could be for Gamehost. The Camrose Casino owner's already had a plan and location set up. If they can't get the relocation it may be worth stealing their idea. Edmonton is a huge market and would be great to get into although like Calgary there is a lot of competition. 
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