- Business
- Gamehost Inc. (TSX: GH) owns and operates hospitality and gaming properties primarily in Alberta, Canada, through its Gaming, Hotel, Food and Beverage, and Other segments. The Gaming segment encompasses three casinos--Deerfoot Inn & Casino in Calgary, Great Northern Casino in Grande Prairie, and Boomtown Casino in Fort McMurray--providing slot machines, electronic gaming tables and devices, government-owned video lottery terminals, lottery ticket kiosks, live table games including poker, and related entertainment; the Hotel segment manages full- and limited-service accommodations such as the 188-room Deerfoot Inn hotel, 94-room Encore Suites Hotel, and 122-room Service Plus Inn adjacent to its casino facilities, along with banquet and convention services; the Food and Beverage segment delivers dining, bar, and complementary entertainment options within the casinos and hotels; and the Other segment includes an investment property leased to commercial tenants near Grande Prairie. Founded in 2003 and headquartered at 104-548 Laura Avenue, Red Deer County, Alberta, the company focuses on mid-range clientele in the province's resource-driven markets, deriving a majority of revenue from gaming commissions paid by the Alberta Gaming, Liquor and Cannabis Commission. Formerly Gamehost Income Fund, it converted to a corporate structure in December 2010; recent developments include ongoing debt reduction to $48.3 million as of 2024 from higher levels in 2022, facility renovations such as Deerfoot Inn's 2021 expansion adding over 7,000 square feet and Great Northern's 2022 upgrades, and participation in an AGLC pilot project effective April 2023 for operator-initiated slot machine promotions to boost cash play.