Gamehost : Update to Closure of Boomtown Casino Due to Area Wildfire
May 04, 2016 at 10:26 am EDT
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RED DEER, ALBERTA--(Marketwired - May 4, 2016) - Gamehost Inc. ('Gamehost', the 'Company') (TSX:GH)
At 2 pm on May 3rd, Boomtown was closed for mandatory evacuation. It appears our staff have been relocated and are safe to the best of our knowledge and communications received. Our casino is currently untouched, but today fires continue in the waterways area, about 20 blocks to the south, and a change of wind could devastate the downtown core. The casino will be closed until further notice. It is known that several employees living in Abasand, Beacon Hill, and Waterways have lost their homes. It is unknown when residents will be able to return to assess their losses and what the next steps are to securing permanent shelter. The fire is still moving NNE and the areas of Thickwood and Timberlea are at high risk with high winds forecasted today.
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 Boomtown Casino in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites hotel and a strip mall all located in Grande Prairie. The Company has a 91% controlling interest in Deerfoot Inn & Casino Inc. who operates the Deerfoot Inn & Casino in S.E. Calgary.
Gamehost common shares trade on the Toronto Stock Exchange (TSX) under the symbol GH. For more information, visit www.gamehost.ca. Complete disclosure of the Company can be found on SEDAR at www.sedar.com.
The TSX does not accept responsibility for the adequacy or accuracy of this release.
Gamehost Inc. operates hospitality and gaming properties in Alberta, Canada. The Company's segments include gaming, hotel, and food and beverage. The Gaming segment includes three casinos offering slot machines, electronic gaming tables, video lottery terminals, lottery ticket kiosks and table games. The Hotel segment provides full and limited-service hotels, banquet and convention services, and includes three hotels catering to mid-range clients. The Food and Beverage segment has operations that are located within the casinos and hotels. Its operations include the Deerfoot Inn & Casino in Calgary, Rivers Casino & Entertainment Centre in Fort McMurray, the Great Northern Casino, Service Plus Inns & Suites, and Encore Suites by Service Plus Inns, all located in Grande Prairie. The Company also owns an investment property located adjacent to its operating properties in Grande Prairie. Its subsidiaries include Gamehost Limited Partnership and Deerfoot Inn & Casino Inc.