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Gamehost Inc T.GH

Alternate Symbol(s):  GHIFF

Gamehost Inc. is a Canada-based company operating hospitality & gaming properties in Alberta. The Company's operations include the Rivers Casino & Entertainment Centre in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites and Encore Suites hotels as well as a strip mall all located in Grande Prairie, and the Deerfoot Inn & Casino Inc. in Calgary. 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 (VLT), lottery ticket kiosks and table games. The Hotel segment includes three hotels catering to mid-range clients. Its hotel operations include full and limited-service hotels, and banquet and convention services. The Food and Beverage segment has operations that are located within the casinos and hotels as a complement to those segments. Its gaming operations are controlled by Alberta Gaming, Liquor and Cannabis Commission.


TSX:GH - Post by User

Post by nukesteron Oct 13, 2023 1:14pm
104 Views
Post# 35682557

Good news for Alberta / Suncor / Gamehost

Good news for Alberta / Suncor / Gamehost

https://www.marketwatch.com/story/canada-top-court-rules-environmental-review-system-largely-unconstitutional-cf62836b


OTTAWA-Canada's top court ruled Friday that elements of the Liberal government's four-year-old law strengthening environmental reviews for energy and mining projects are unconstitutional because they intrude on the exclusive rights of provinces to manage their natural resources.

The ruling, a 5-2 decision, could mark a blow to Prime Minister Justin Trudeau, who has made a more robust climate-change policy and curbing fossil-fuel emissions from energy projects a centerpiece of his agenda.

"In my view, Parliament has plainly overstepped its constitutional competence" in certain elements of its environmental-review scheme, wrote Chief Justice Richard Wagner for the majority. The court said the federal-assessment system casts too wide a net on which resource-development projects can be subject to an environmental review.

"It is clear that Parliament can enact legislation to protect the environment," said the majority decision, "...so long as it respects the division of powers."

Under Canadian law, the environment is an area of shared jurisdiction between lawmakers in Ottawa and provincial, or state, governments. Provincial governments, however, have responsibility for energy and natural resources within their own boundaries. The Supreme Court decision is the result of a legal challenge from oil-rich Alberta.

This decision, and the victory for Alberta, marks the latest legal row between the Trudeau government and the provinces about modern environmental policy, with Liberal government officials keen to reduce carbon emissions to mitigate climate-change impacts. In 2021, Canada's top court ruled, in a 6-3 decision, that the federal government's carbon tax, or the centerpiece of the Liberal government's environmental-policy agenda, was constitutional. The case reached the top court following a challenge by the provinces.


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