Gateway Casinos Profit Up - Sunday 26th of March 2006

VANCOUVER, British Columbia – Gateway Casinos Income Fund (TSX:GCI.UN) says its fourth-quarter profit rose to $8.7 million, from a year-earlier $6.3 million, on higher revenue.

"Earnings for the quarter ended Dec. 31 amounted to 33 cents a share, compared with 24 cents per share a year ago, the Vancouver-based company said Tuesday.

"Revenue rose to $26.1 million from $24.3 million.

"For the full year, earnings rose to $35.8 million or $1.35 a share, from $32.8 million or $1.24 per share in 2004. Annual revenue increased 6.5 per cent to $102.7 million.

"…The fund operates the Burnaby Casino in B.C., the Palace Casino in Edmonton and the Lake City Casinos in Kamloops, Kelowna, Penticton and Vernon, B.C."

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