game host incorporated
DESCRIPTION
Business E-ProfileTRANSCRIPT
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Game Host Incorporated
• A established Hotel and Gaming company in Alberta
http://www.gamehost.ca/index.php
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Beginnings• A publicly trade company Gamehost Inc. was originally a
income fund • The Fund began in June 2003 with operations at the
following properties– Boomtown Casino, Ft. McMurray– Great Northern Casino, Grand Prairie – Service Plus Inns & Suites, Grande Prairie – Deerfoot Inn and Casino, Calgary– Retail Complex, Grande Prairie
http://www.gamehost.ca/casinos.php
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Growth
• Game Host Inc since its conversion from a income fund to a high yield paying corporation has paid consistent increasing distributions to its share holders
http://www.gamehost.ca/casinos.php
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Leadership
• The following are the key personnel in GameHost Inc. Management
• David J. Will, Chief Executive Officer• Darcy J. Will, President• Elston J. Noren, Chief Operations Officer• Craig M. Thomas, CMA, Chief Financial Officer
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Production• GameHost ‘s main products are:
– Lodging• Service Inn and Suites• Deerfoot Inn
– Food and Beverage• Hotel banquets • Food outlets
– Entertainment• Concerts• Fight events
– Gaming• Great Northern Casino• Boomtown Casino• Deerfoot Inn and Casino
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Marketing
• GameHost Inc. has operations only in Alberta and markets extensively within the province
• Involved in additional tourism marketing for the greater Canadian market and International visitors
• Media Include:– Print– Radio– Public (Transit)
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Supply and Demand Of Gambling
• Society has a demand for gambling and as a result legal gambling has flourished and has spread to new markets– Supply for gambling in Alberta has increased – Demand for gambling may decrease if wages
lower– Supply is controlled by the government– Increased demand has some negative social
impacts
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Productivity
• Lodging– Rooms– Food and Beverage
• Outlets • Banquets
• Gaming– Government regulated slot machines– Property owned gambling tables
• Property Management– Real estate leasing
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Pricing
• Lodging– Competitive yield management pricing • Food and beverage • Rooms
• Gaming Pricing strictly set by AGLC (Alberta Gaming and Liquor Commission)– Revenues gained from gaming offset food
and labour cost
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Fixed and Variable Costs
• Fixed Costs– Labour– Rent– Equipment
• Variable Costs– Gaming Revenues
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Profits and Profit MarginsConsolidated Statements of Income and Comprehensive
Income Twelve months ended December 31 Three months ended
December 31
2010 2009 2010 2009Revenue $63,673,477 $48,082,219 $18,180,079 $11,788,385
Operating Expenses $39,598,401 $28,357,092 $11,822,780 $7,334,211
Operating and Other Income $22,711,836 $(5,364,899) $(1,474,051) $219,799
Net and Comprehensive Income
$47,006,423 $10,009,470 $4,812,584 $4,634,091
http://www.gamehost.ca/documents/document/Q42010AFS.pdf
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Competition
• Lodging business is monopolistic competition• Their strongest competitors–Grey Eagle Casino–Marriot–Gateway Casinos
• Competitive Advantages:– Vegas style casinos– Entertainment
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Summary
• GameHost Inc. has effectively established itself as a provincial leader in lodging, gaming, real estate leasing and food and beverage services
• Gambling has reached a high saturation point and may lower future earnings
• The popularity of gambling with its high profit margins will continue to enhance the companies associated with GameHost and accentuate additional products and services
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References
• http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=GH:CN
• http://www.gamehost.ca/• http://aglc.ca/useofproceeds/default.asp• http://ca.hotstocked.com/companies/g/game
host-inc-GH-6461.html• http://www.deerfootinn.com/casino.php?typ
e=high_limit_room• http://www.encyclopedia.com/doc/1G2-1838
500008.html• http://onlinecasinospotlight.com/2010/03/las
-vegas-casino-supply-exceeds-demand/