Canada Could Be Looking at Less Revenue 

The Great Canadian Gaming Corporation has a very real worry – they are afraid of losing money at their Halifax casino, and the fact of the matter is that they are probably going to. The Halifax casino has 655 slot machines, as well as gaming tables and a hotel. However, a new casino, Casino New Brunswick, is opening their doors and they are going to have 600 slot machines as well as table games and a hotel and convention center. Great Canadian is worried because of the location. 

They say that they currently have a lot of slot machine customers who live nearer to that other casino than they do to them. They know that these players are going to play at the slot machines that are closer to them rather than traveling further away. It is just common sense. But they know that there is going to be an impact on their bottom line. They say that they are going to have to change the way that they have been operating to compete with them, and they are prepared to do so. 

They have other slot machines and casinos, but they are just aware that last year was a tough year because of the economy, and now this year they are going to have to deal with the economy and another casino. Their financials show that they brought in $43.2 million in 2009 as opposed to the $46.3 they brought in back in 2008.  

The company said that they have already made some changes because of the decrease they saw in revenue from last year, so they have been working toward streamlining their operations. They are already on the road to fixing it, so now with this new slot machine competition they are going to have to take other steps to ensure that they are prepared for the worst.