ONTARIO, Canada -- As reported by the Hamilton Spectator: "Slots and steaks are beating horses by a furlong in the race to pad the bottom line at Flamboro Downs.
"First quarter figures recently
Flamboro Slots are a popular choice with players. released by Great Canadian Gaming, the company which owns the racetrack-casino, show its 752 slot machines produced more than twice as much profit as its standardbred races.
"…EBITDA from food and beverage operations was also up 23.3 per cent to just under $1.4 million from $1.1 million at the end of 2005. Dining and drinking contributed 26.4 per cent of the company's almost-bottom line compared to 25.1 per cent last year.
"Howard Blank, Great Canadian vice-president media and entertainment, said 'the slot machines have helped the racetrack by allowing bigger prize purses, in turn attracting better horses and more crowds.' Great Canadian Gaming Corporation acquired the track in October from Magna Entertainment for $23.6 million US plus $50 million Cdn in cash and assumed debt."
|Flamboro Downs holds races five days a week every Wed, Thu, Fri, & Sat at 4pm and every Sun starting at either 4pm or 6pm. Flamboro's Racetrack slots feature over 700 machines. The Slots at Flamboro Downs are open Mon-Wed 9am to 3am, Thu-Sun 24 hours.|
|Founded 24 years ago, the Great Canadian Gaming Corp. has headquarters in Richmond B.C., and trades on the Toronto Stock Exchange. The company owns five casinos, three race tracks, and a bingo and entertainment centre in B.C.; two race tracks in Ontario; and four casinos in Washington state.|
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