Gamehost Announces Fourth Quarter Financial Results and Dividend For March
Gamehost reported its Q4 2024 financial results, showing a slight decline in performance. Operating revenue decreased 0.6% to $21.16 million, while EBITDA fell 4.6% to $8.29 million. Earnings per share dropped to $0.24 from $0.25 in 2023.
Regional performance varied, with Calgary showing growth (revenue +2.7%, EBITDA +1.7%), while northern regions experienced declines. Grande Prairie saw revenue and EBITDA drop 4.0% and 10.7% respectively, while Fort McMurray declined 8.2% and 12.0%.
Notable developments include:
- AGLC extended operators' share of electronic gaming device win from 15% to 17% until March 2026
- Company repurchased 96,500 shares for $1.03 million
- Reduced debt by $2.46 million, maintaining debt to EBITDA ratio at 1.2x
- Increased monthly dividend by 25% to $0.05 per share ($0.60 annualized)
Gamehost ha riportato i risultati finanziari del quarto trimestre 2024, mostrando un lieve calo nelle performance. I ricavi operativi sono diminuiti dello 0,6% a 21,16 milioni di dollari, mentre l'EBITDA è sceso del 4,6% a 8,29 milioni di dollari. Gli utili per azione sono scesi a 0,24 dollari rispetto a 0,25 dollari nel 2023.
Le performance regionali sono variate, con Calgary che ha mostrato crescita (ricavi +2,7%, EBITDA +1,7%), mentre le regioni settentrionali hanno registrato cali. Grande Prairie ha visto i ricavi e l'EBITDA diminuire rispettivamente del 4,0% e del 10,7%, mentre Fort McMurray ha registrato un calo dell'8,2% e del 12,0%.
Sviluppi notevoli includono:
- AGLC ha esteso la quota di vincita degli operatori sui dispositivi di gioco elettronico dal 15% al 17% fino a marzo 2026
- L'azienda ha riacquistato 96.500 azioni per 1,03 milioni di dollari
- Debito ridotto di 2,46 milioni di dollari, mantenendo il rapporto debito/EBITDA a 1,2x
- Aumento del dividendo mensile del 25% a 0,05 dollari per azione (0,60 dollari annualizzati)
Gamehost reportó sus resultados financieros del cuarto trimestre de 2024, mostrando una ligera disminución en el rendimiento. Los ingresos operativos cayeron un 0,6% a 21,16 millones de dólares, mientras que el EBITDA disminuyó un 4,6% a 8,29 millones de dólares. Las ganancias por acción bajaron a 0,24 dólares desde 0,25 dólares en 2023.
El rendimiento regional varió, con Calgary mostrando crecimiento (ingresos +2,7%, EBITDA +1,7%), mientras que las regiones del norte experimentaron caídas. Grande Prairie vio caer los ingresos y el EBITDA un 4,0% y un 10,7% respectivamente, mientras que Fort McMurray disminuyó un 8,2% y un 12,0%.
Desarrollos notables incluyen:
- AGLC extendió la participación de los operadores en las ganancias de dispositivos de juego electrónico del 15% al 17% hasta marzo de 2026
- La empresa recompró 96,500 acciones por 1,03 millones de dólares
- Reducción de la deuda en 2,46 millones de dólares, manteniendo la relación deuda/EBITDA en 1,2x
- Aumento del dividendo mensual en un 25% a 0,05 dólares por acción (0,60 dólares anualizados)
Gamehost는 2024년 4분기 재무 결과를 발표하며 성과가 소폭 감소했음을 보여주었습니다. 운영 수익은 0.6% 감소하여 2,116만 달러에 이르렀고, EBITDA는 4.6% 감소하여 829만 달러에 달했습니다. 주당 순이익은 2023년 0.25달러에서 0.24달러로 떨어졌습니다.
지역 성과는 다양했으며, 캘거리는 성장세를 보였고 (수익 +2.7%, EBITDA +1.7%), 북부 지역은 감소세를 겪었습니다. 그란 프레리에서는 수익과 EBITDA가 각각 4.0%와 10.7% 감소했으며, 포트 맥머리에서는 8.2%와 12.0% 감소했습니다.
주목할 만한 발전 사항은 다음과 같습니다:
- AGLC는 전자 게임 장치의 운영자 몫을 15%에서 17%로 2026년 3월까지 연장했습니다
- 회사는 96,500주를 103만 달러에 재매입했습니다
- 부채를 246만 달러 줄이며 부채/EBITDA 비율을 1.2배로 유지했습니다
- 월 배당금을 25% 증가시켜 주당 0.05달러 (연간 0.60달러)로 설정했습니다
Gamehost a publié ses résultats financiers du quatrième trimestre 2024, montrant une légère baisse de performance. Les revenus d'exploitation ont diminué de 0,6 % à 21,16 millions de dollars, tandis que l'EBITDA a chuté de 4,6 % à 8,29 millions de dollars. Le bénéfice par action est tombé à 0,24 dollar contre 0,25 dollar en 2023.
Les performances régionales ont varié, avec Calgary montrant une croissance (revenus +2,7 %, EBITDA +1,7 %), tandis que les régions du nord ont connu des baisses. Grande Prairie a vu ses revenus et son EBITDA chuter de 4,0 % et 10,7 % respectivement, tandis que Fort McMurray a enregistré une baisse de 8,2 % et 12,0 %.
Les développements notables incluent :
- AGLC a prolongé la part des opérateurs sur les gains des appareils de jeu électroniques de 15 % à 17 % jusqu'en mars 2026
- L'entreprise a racheté 96 500 actions pour 1,03 million de dollars
- Réduction de la dette de 2,46 millions de dollars, maintenant le ratio dette/EBITDA à 1,2x
- Augmentation du dividende mensuel de 25 % à 0,05 dollar par action (0,60 dollar annualisé)
Gamehost hat seine finanziellen Ergebnisse für das vierte Quartal 2024 veröffentlicht, die einen leichten Rückgang der Leistung zeigen. Der Betriebsumsatz sank um 0,6% auf 21,16 Millionen Dollar, während das EBITDA um 4,6% auf 8,29 Millionen Dollar fiel. Der Gewinn pro Aktie sank von 0,25 Dollar in 2023 auf 0,24 Dollar.
Die regionale Leistung variierte, wobei Calgary ein Wachstum zeigte (Umsatz +2,7%, EBITDA +1,7%), während die nördlichen Regionen Rückgänge erlebten. Grande Prairie verzeichnete einen Rückgang von 4,0% beim Umsatz und 10,7% beim EBITDA, während Fort McMurray um 8,2% und 12,0% zurückging.
Bemerkenswerte Entwicklungen umfassen:
- AGLC hat den Anteil der Betreiber am Gewinn von elektronischen Spielgeräten von 15% auf 17% bis März 2026 verlängert
- Das Unternehmen hat 96.500 Aktien für 1,03 Millionen Dollar zurückgekauft
- Die Schulden wurden um 2,46 Millionen Dollar reduziert, wobei das Verhältnis von Schulden zu EBITDA bei 1,2x bleibt
- Die monatliche Dividende wurde um 25% auf 0,05 Dollar pro Aktie (0,60 Dollar annualisiert) erhöht
- Increased monthly dividend by 25% to $0.05 per share
- Calgary operations showed growth in revenue (+2.7%) and EBITDA (+1.7%)
- Extended favorable gaming revenue share of 17% until March 2026
- Reduced debt by $2.46M with healthy debt/EBITDA ratio of 1.2x
- Overall revenue declined 0.6% to $21.16M
- EBITDA decreased 4.6% to $8.29M
- EPS dropped to $0.24 from $0.25 year-over-year
- Fort McMurray operations declined significantly (revenue -8.2%, EBITDA -12.0%)
- Grande Prairie operations weakened (revenue -4.0%, EBITDA -10.7%)
Not intended for distribution to U.S. newswire services or for dissemination in the U.S.
RED DEER, AB / ACCESS Newswire / March 11, 2025 / Gamehost Inc. (TSX: GH)
Management and Directors of Gamehost Inc. (the "Company") present results for the twelve and three months ended December 31, 2024 (the "Year" and "Quarter" respectively).
Operating revenue for the Quarter was down
For the Quarter, regionally, Calgary reported operating revenues and EBITDA
Since our last quarterly report, the Alberta Gaming, Liquor and Cannabis ("AGLC") announced they would be extending the temporary two-year increase in the operators' share of electronic gaming device win to three years. The
During the Quarter, the Company repurchased 96,500 common shares for an aggregate
The Company's board of directors approved a dividend increase of
With inflation largely tamed and the Bank of Canada clearly in an easing cycle, Alberta with its leading population growth should be poised for leading economic results. Recent tariff announcements, threats and other noise from a new USA administration are casting economic clouds over all of Canada. These are things we have no control over. We will continue to do what we do best, look after our own house. That said, with consumer response shifting to 'buy Canadian' and 'support local' it can't hurt that we are both.
Gamehost Inc.
Financial Highlights
Unaudited - Canadian dollars (thousands except per share figures)
twelve months ended December 31 |
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| three months ended December 31 |
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2024 |
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| 2023 |
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| 2024 |
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| 2023 |
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Operating revenue | $ | 82,395.0 |
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| $ | 83,360.3 |
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| (1.2 | %) |
| $ | 21,160.0 |
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| $ | 21,296.0 |
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| (0.6 | %) |
Cost of sales |
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Other |
| (46,721.0 | ) |
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| (45,212.0 | ) |
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| (12,046.7 | ) |
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| (11,753.0 | ) |
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Depreciation |
| (3,336.7 | ) |
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| (3,354.6 | ) |
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| (850.4 | ) |
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| (808.8 | ) |
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| (50,057.7 | ) |
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| (48,566.6 | ) |
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| (12,897.1 | ) |
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| (12,561.8 | ) |
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Gross profit |
| 32,337.3 |
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| 34,793.7 |
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| (7.1 | %) |
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| 8,262.9 |
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| 8,734.2 |
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| (5.4 | %) |
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Lease and other income |
| 225.1 |
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| 192.0 |
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| 17.2 | % |
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| 61.5 |
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| 51.2 |
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| 20.1 | % |
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Administrative expenses |
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Other |
| (3,733.8 | ) |
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| (3,687.8 | ) |
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| (925.4 | ) |
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| (954.4 | ) |
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Depreciation |
| (868.3 | ) |
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| (921.1 | ) |
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| (217.1 | ) |
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| (210.9 | ) |
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| (4,602.1 | ) |
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| (4,608.9 | ) |
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| (1,142.5 | ) |
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| (1,165.3 | ) |
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Profit from operating activities |
| 27,960.3 |
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| 30,376.8 |
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| (8.0 | %) |
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| 7,181.9 |
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| 7,620.1 |
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| (5.8 | %) |
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Gain on disposal of assets |
| 9.4 |
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| - |
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| - |
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| - |
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Net finance costs |
| (2,433.0 | ) |
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| (3,015.6 | ) |
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| (542.9 | ) |
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| (727.6 | ) |
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Profit before income tax |
| 25,536.7 |
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| 27,361.2 |
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| (6.7 | %) |
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| 6,639.0 |
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| 6,892.5 |
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| (3.7 | %) |
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Income tax expense |
| (5,884.0 | ) |
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| (6,303.7 | ) |
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| (1,540.8 | ) |
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| (1,502.8 | ) |
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Profit and comprehensive profit |
| 19,652.7 |
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| 21,057.5 |
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| (6.7 | %) |
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| 5,098.2 |
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| 5,389.7 |
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| (5.4 | %) |
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Earnings per share |
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Basic and fully diluted | $ | 0.93 |
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| $ | 0.97 |
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| (4.2 | %) |
| $ | 0.24 |
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| $ | 0.25 |
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| (3.7 | %) |
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Weighted average number of common shares outstanding |
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Basic and fully diluted (x 000) |
| 21,218.7 |
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| 21,769.8 |
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| 21,087.5 |
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| 21,459.0 |
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EBITDA | $ | 32,377.2 |
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| $ | 34,954.8 |
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| (7.4 | %) |
| $ | 8,295.5 |
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| $ | 8,698.9 |
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| (4.6 | %) |
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| 39.1 | % |
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| 41.7 | % |
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| 39.0 | % |
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| 40.6 | % |
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| 31-Dec-24 |
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| 31-Dec-23 |
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Cash | $ | 14,393.6 |
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| $ | 13,979.2 |
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Total assets | $ | 175,838.4 |
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| $ | 179,396.7 |
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Total debt | $ | 37,393.2 |
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| $ | 46,167.1 |
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The board of directors for Gamehost regularly review the Company's dividend policy. Gamehost has declared a regular monthly cash dividend for the month of March 2025 of
This press release may contain certain "forward-looking information" or statements within the meaning of applicable securities legislation and may contain words such as "anticipates", "believes", "could", "expects", "indicates", "plans", "withstand", "further" or other similar expressions that suggest future outcomes or events. Forward-looking information is based on the Company's current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including any statements that address expectations related to future economic outcomes or the Company's dividend. Forward-looking statements reflect reasonable assumptions made on the basis of management's current beliefs with information known by management at the time of writing. Many factors could cause actual results to differ from the results discussed in forward-looking statements. Actual results may not be consistent with these forward-looking statements.
The Company has included non-International Financial Reporting Standards ("non-IFRS") measures in this press release. EBITDA, as defined by the Company, means earnings before interest and financing costs, income taxes, depreciation and amortization, and foreign exchange gains or losses. The Company believes EBITDA is a useful measure because it provides information to management and investors about the Company's performance in generating operating cash flow to fund working capital needs, service debt obligations, fund future capital expenditures and support dividend policy. Readers are cautioned that non-IFRS measures do not have any standardized meaning prescribed by IFRS and should not be taken as alternatives to net earnings measured in accordance with IFRS. The Company's method of calculating non-IFRS measures may not be comparable to similarly titled measures used by other reporting entities.
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.
These consolidated financial results include the accounts of Gamehost Inc. and its subsidiary, Gamehost Limited Partnership; however, they do not include all disclosures normally provided in annual consolidated financial statements and should be read in conjunction with the 2024 annual consolidated financial statements. Further, while the financial figures included in this announcement have been computed in accordance with IFRS applicable to annual periods, this announcement does not contain sufficient information to constitute an annual financial report. The Company will file an annual financial report for the twelve months ended December 31, 2024. This report will be filed in its entirety, along with historical financial reports on the Company's website at www.gamehost.ca and on SEDAR at www.sedar.com along with the Company's other continuous disclosure documents, when they are available.
Gamehost common shares trade on the Toronto Stock Exchange (TSX) under the symbol GH. For more information, contact:
Craig M. Thomas or Darcy J. Will
P (877) 703-4545
F (403) 340-0683
E ir@gamehost.ca
SOURCE: Gamehost Inc.
View the original press release on ACCESS Newswire
FAQ
What are Gamehost's (GHIFF) Q4 2024 financial results?
How much did Gamehost (GHIFF) increase its dividend in 2024?
What is Gamehost's (GHIFF) current debt position as of Q4 2024?
How did Gamehost's (GHIFF) regional operations perform in Q4 2024?
What regulatory changes affect Gamehost's (GHIFF) gaming revenue?
