AGLC Extension to Temporary Increase in Slot Commission

Rhea-AI Summary

Gamehost Inc. (TSX:GH) announced that the Alberta Gaming, Liquor and Cannabis Commission (AGLC) is extending its temporary slot commission increase from 15% to 17% for an additional 12 months, now running through March 31, 2026. The extension continues the increased rate that began April 1, 2023.

AGLC will monitor how the higher commission rate impacts gaming proceeds through operators' enhanced promotional activities and facility reinvestments. The Company operates the Rivers Casino & Entertainment Centre in Ft. McMurray, the Great Northern Casino and associated properties in Grande Prairie, and the Deerfoot Inn & Casino in Calgary.

Positive

• Slot commission rate remains increased at 17% vs. previous 15% for an additional year
• Extension provides continued higher revenue potential through March 2026
• Opportunity to increase promotional activities and facility investments

Negative

• Commission increase remains temporary rather than permanent
• Effectiveness of increased commission rate still under monitoring by AGLC

Not intended for distribution to U.S. newswire services or for dissemination in the U.S.

RED DEER, AB / ACCESSWIRE / December 9, 2024 / Gamehost Inc. ('Gamehost', the ‘Company') (TSX:GH)

A temporary increase in slot commissions from 15% to 17% effective April 1, 2023 to March 31, 2025, is being extended for an additional 12 months to March 31, 2026. AGLC will continue to monitor how effective the increased commission is at growing gaming proceeds by enabling operators to increase promotional activities and or reinvest in their facilities.

Gamehost is a corporation established under the laws of the Province of Alberta. The Company's operations are all located in the Province of Alberta, Canada. Operations of the Company 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 in S.E. Calgary.

Gamehost common shares trade on the Toronto Stock Exchange (TSX) under the symbol GH. For more information, visit www.gamehost.ca. Complete disclosure of the Company can be found on SEDAR at www.sedar.com.

The TSX does not accept responsibility for the adequacy or accuracy of this release.

For more information, contact:

Craig M. Thomas or;
Darcy J. Will
Toll free		(877) 703-4545
		(403) 346-4545
Fax		(403) 340-0683
Email		ir@gamehost.ca

SOURCE: Gamehost Inc.

View the original press release on accesswire.com

FAQ

What is the new slot commission rate extension period for Gamehost (GHIFF)?

The slot commission rate of 17% has been extended for an additional 12 months through March 31, 2026, beyond the original end date of March 31, 2025.

How much did the slot commission rate increase for Gamehost (GHIFF)?

The slot commission rate increased from 15% to 17%, representing a 2 percentage point increase.

When did the increased slot commission rate originally take effect for Gamehost (GHIFF)?

The temporary increase in slot commission rate from 15% to 17% originally took effect on April 1, 2023.