GREAT CANADIAN GAMING (GC) Stocks
ABOUT GREAT CANADIAN GAMING
Great Canadian Gaming Corporation is a gaming company. Its portfolio includes approximately 30 gaming, hospitality and entertainment facilities in numerous United States and Canadian locations such as Ontario, Nova Scotia, New Brunswick, British Columbia and Washington State.
Great Canadian Gaming Corporation’s properties consist of a wide selection of casinos, commercial bingo halls, community gaming centres, horse racetrack casinos and others.
Great Canadian Gaming Corporation employs nearly 10 000 people and is headquartered in Coquitlam, British Columbia, Canada.
OVERVIEW OF GREAT CANADIAN GAMING
Great Canadian Gaming Corporation is founded in 1982 to operate a casino in Pacific National Exhibition, Vancouver, as well as charity casinos. The company’s first permanent casino is opened in 1986 in Vancouver.
In 1987 the British Columbia Gaming Commission is formed. Great Canadian Gaming Corporation quickly expands and opens a selection of casinos, including the Red Lion Casino in Victoria, the Langley Casino, the Mayfair Casino, the Renaissance Casino as well as the Richmond casino. In 1992 it has its initial public offering on the TSX Stock Exchange.
Great Canadian Gaming Corporation purchase 50 percent of Evergreen Entertainment Corporation in Washington State. It acquires the Lakewood property when Evergreen Entertainment Corporation buys it in 2003.
In 2004 it lists on the Toronto Stock Exchange. It is also the year Great Canadian Gaming Corporation enters the horse-racing industry when Hastings Racecourse is purchased in Vancouver. During 2005 the company buys several casinos throughout Nova Scotia and Ontario.
Great Canadian Gaming Corporation wins a bidding process in cooperation with Brookfield Property Partners to take over the Woodbine Racetrack slot facilities from the Ontario Lottery and Gaming Corporation. The company buys several more facilities during the next few years and its portfolio expands considerably.
VISION AND VALUES OF GREAT CANADIAN GAMING
- Great Canadian Gaming Corporation’s vision is to be an industry leader in the markets in which it operates by offering superior and positive entertainment experiences and quality services to customers as well as high earnings to its shareholders and rewarding opportunities to its employees.
- These drive the company to achieve quality growth and sustainability.
- The company values integrity and acts responsibly and ethically. It also values the communities and the environment from which it operates by contributing to organizations and local community initiatives as well as protecting and conserving its natural resources.
MARKET PERFORMANCE OF GREAT CANADIAN GAMING
Great Canadian Gaming Corporation trades on the Toronto Stock Exchange under the TSX stock symbol GC. Potential investors can buy affordably priced shares today.
Data analysis for the company’s three months ending September 30, 2019 reports total assets of US Dollar 2,710.7 million. Cash for the period is US Dollar 309.8 million. The company’s revenue is US Dollar 341.1 million. Net earnings are US Dollar 69.0 million.
Total comprehensive income is US Dollar 68.9 million. Basic earnings are US Dollar 0.85 per share and diluted earnings are US Dollar 0.82 per share.
Buy GREAT CANADIAN GAMING stocks / shares – A Step by Step Guide how to Buy / Purchase GREAT CANADIAN GAMING Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy GREAT CANADIAN GAMING Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GREAT CANADIAN GAMING STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE GREAT CANADIAN GAMING STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GREAT CANADIAN GAMING stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy GREAT CANADIAN GAMING stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?