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Turning Pennies into dollars: (OTCBB:GBCS) Global Casinos, Inc.

Publication: M2 Presswire
Publication Date: 13-OCT-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-13 October 2008-RealPennies.com: Turning Pennies into dollars: (OTCBB:GBCS) Global Casinos, Inc.(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:13102008

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For more info: http://www.realpennies.com/otc/gbcs

Global Casinos Announces 120% Increase in Fourth Quarter Operating Income on 96% Improvement in Revenue Monday October 13, 8:00 am ET

Existing Casino Revenue up 19% Versus Year-Ago Quarter

BOULDER, CO-Oct 13, 2008 - Global Casinos, Inc. recently announced financial results for its fourth quarter and fiscal year ended June 30, 2008.

Fourth quarter revenue increased 96% to $1,688,000 from $860,000 in the same period a year ago. The increase is attributable to the Company's March 2008 acquisition of the Doc Holiday Casino in Central City, as well as improved quarter-over-quarter results at its flagship Bull Durham Casino in Blackhawk. Fourth quarter income from operations increased 120% to $95,000 from $43,000 in the year-ago fourth quarter. Net income increased to $49,000 from $12,000 in the fourth...

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