November 10, 2010 / 9:43 PM / 7 years ago

UPDATE 1-Great Canadian Gaming Q3 profit falls

* Q3 EPS C$0.07 vs C$0.11 last year

* Q3 rev flat at C$96.3 mln

Nov 10 (Reuters) - Great Canadian Gaming Corp GC.TO, an operator of casinos and thoroughbred racetracks, posted a 38 percent fall in third-quarter profit, hurt by weakness in some of its casinos.

For the July-Sept quarter, the company earned C$5.9 million, or 7 Canadian cents a share, compared with C$9.5 million, or 11 Canadian cents a share, a year earlier.

Revenue remained almost flat at C$96.3 million.

Analysts on average were expecting earnings of 11 Canadian cents, on revenue of C$98.4 million, according to Thomson Reuters I/B/E/S.

The company said Boulevard Casino, which was impacted by construction disruption and competition, was the most notable of properties that offset gains at its River Rock Casino Resort.

The Richmond, British Columbia-based company’s shares, which have gained just over one percent this year, closed at C$8.05 Wednesday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Jarshad Kakkrakandy) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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