Core Viewpoint - Gamehost Inc. has identified an error in the treatment of payments to directors and executive officers under IFRS, which will affect its financial statements for the periods ending December 31, 2024, and will be corrected in Q1 2026 interim financial statements [1][2]. Financial Impact - The error will result in an increase in administrative expenses by approximately $3.6 million for the three-and-twelve-month period ended December 31, 2024, leading to decreases in future income tax expense by $0.8 million, profit and comprehensive profit by $2.8 million, and earnings per share by $0.13 [1]. - The corrections will be made through a cumulative adjustment to the prior year balance sheet, affecting non-current liabilities and equity [2]. Company Operations - Gamehost Inc. operates in Alberta, Canada, with properties including the Rivers Casino & Entertainment Centre, Great Northern Casino, Service Plus Inns & Suites, Encore Suites hotels, and Deerfoot Inn & Casino [5].
Gamehost to Correct Administrative Expense Allocation in Financial Statements; No Impact on Operations or Cash Flow
TMX Newsfile·2026-03-19 00:53