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Bullboard - Stock Discussion Forum 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... see more

TSX:GH - Post Discussion

Gamehost Inc > Question
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Post by cpeczek on May 21, 2022 9:26am

Question

Has Gamehost ever built a casino or were all 3 sites acquired after already being constructed?
Comment by Thelongview on May 21, 2022 4:55pm
I don't know much about this other than the following: Deerfoot The Deerfoot Inn & Casino Joint Venture was formed to build in Calgary. It was owned by the following: Service Plus Hospitality owned 40% of the JV Will Inns owned 31% of the JV Winners Gaming Corporation owned 20% of the JV Jed Wood owned 9% of the JV This asset found its wasy inot GH.UN Sevice Plus ...more  
Comment by cpeczek on May 21, 2022 5:30pm
Interesting, thanks I didn't know any of this. When you Google "Service Plus Hospitality stock" Gamehost comes up. It must have been absorbed or renamed into the Gamehost we know today. I have an idea involving location diversification. Just a rough idea, I will PM it to you because I don't really have much. I already told Malx about it.
Comment by malx1 on May 22, 2022 2:18pm
Cpeczek: When hunting new locations for entertainment offerings, team wants to see a history of 'above-average' or strong per capita income.
Comment by cpeczek on May 22, 2022 2:50pm
Especially with our very conservative management, I doubt they would do anything other than a sure thing. Still I think it's worth looking at, the region is a tourist spot with tens of thousands of foreign tourists and very wealthy suburbs comparable in per capita income to Grande Prairie. TLV sent me some questions that I will attempt to answer to the best of my ability. If you guys think it& ...more  
Comment by BarstoolSage on May 23, 2022 9:56am
If you go back in time via SEDAR, you can find the history. Seems everything started with a pool of capital that then bought out interests in hospitality  properties and even dabbled in outside investments in the oil industry  Service Plus became the GH income fund in 2003.  More you can dig out via news releases of the day  
Comment by kasking on May 22, 2022 2:07pm
TLV & MALX Don't have much to add, you guys have have pretty well summed up the company from day one...nice job.. Just to summarize....Deerfoot & Great northern we're built from scratch. Ft. Mac. property is leased. Service Plus hotel was built first, then the casino...G.P.
Comment by malx1 on May 21, 2022 9:49pm
Founders were already operating Bingo entertainment in McMurray. GP came later. Casinos were the evolution of that Bingo entertaiment. Not sure if they built GP casino but McMurray has become new Rivers Casino and Deerfoot was finished around 2005, headed by GH and some outside capital.
Comment by cpeczek on May 22, 2022 9:59am
Sounds good, I sent TLV the thing I told you about a new casino idea. I have no idea how much it would cost or how difficult it would be to manage from far away but I thought it was worth letting him see if it's something feasible.
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