August 12, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC]
(“Great Canadian,” or “the Company”) today announced its financial results for the three
month period (the “second quarter”) ended June 30, 2015.
SECOND QUARTER 2015 HIGHLIGHTS
Revenues of $110.9 million, a 3% decrease when compared to same period in the prior year.
EBITDA(1) of $46.9 million, third highest quarter in the Company’s history, but a 5% decrease when compared to the record results in the same period in the prior year.
First half of 2015 EBITDA(1) of $88.0 million, an increase of $0.4 million when compared to the same period in the prior year.
Adjusted net earnings(1) of $19.9 million, consistent with the same period in the prior year.
Revenues at River Rock Casino Resort decreased by 9% when compared to the property’s record revenues from the same period in the prior year.
On May 12, 2015, announced the acquisition of Casino New Brunswick for $95.0 million, subject to receiving regulatory approvals.
On June 29, 2015, repurchased 3.4 million of the Company’s common shares for $77.7 million.