Great Canadian Gaming reports a 13 percent growth in EBITDA to $110 million and 3 percent growth in revenue to $397.2 million in 2007. Both figures are new all-time highs for the company.
"Our record revenues and EBITDA were led by Boulevard Casino and River Rock Casino Resort, both of which continue to benefit from impressive levels of patronage," said Chairman and CEO Ross J. McLeod. "These can be attributed to revitalized marketing efforts, hospitality upgrades, and the continued success of our show theatres. Our effectiveness in executing against ongoing operating efficiency initiatives allowed us to achieve year-over-year combined EBITDA growth for these two flagship properties of nearly 15% while EBITDA as a percentage of revenues increased by 280 basis points.
"In 2008 and beyond, Great Canadian is poised to further build on 2007's record results and strong operational foundation," he added. "We will look to drive shareholder value as we implement additional programs to drive revenues, continue to execute against our operating efficiency initiatives, and further develop what is one of the most robust expansion pipelines for regional gaming facilities in North America."