RE:RE:RE:Pure The beauty of these assets is that AGLC regulates licenses. Casinos are treated as investments for their stakeholders: charities, the province and owners. It is a special privilege to be the operator of a gaming property.
With that said, the province recognizes that sustainable models for entertainment provide that competition does not overlap. So licenses will be supported within specific regions/communities based on demand for gaming activities.
This structure puts a premium on the value of gaming assets in Alberta, and much of Canada.
https://aglc.ca/news/gaming-facilities-moratorium-extended-indefinitely Above is a link to a 2015 news release, extending the moratorium on Alberta gaming licenses.
It's kind of like owning a seat on the stock exchange... there's a limited amount, they are highly sought after, you've gotta be in good standing with regulators, and they can become quite expensive.
Should ONEX ever float their PURE casinos, if the price is fair, we can hope that GH has a chance to consider them. But these types of opportunities are rare and usually present themselves at the most challenging of times (such as the middle of a pandemic, GC sold out).
Just as Monopoly Hot Shot is one of my favourite slots, those holding gaming licenses in Alberta are in possession of mini-monopolies, call them oligopolies. Theses businesses can perform exceptionally well if managed properly. The team of executives at Gamehost are best-of-breed in Canada as operators of community-based entertainment properties. Give them some time to prove it.
While we wait, Robert shows us how to double our money on Monopoly Hot Shot!!