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GREAT CANADIAN GAMING CORPORATION AND FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT, INC. AGREE TO INCREASED PURCHASE PRICE OF C$45 PER SHARE IN CASH

December 21, 2020 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or the “Company”) today announced that it has entered into an amended arrangement agreement (the “Amended Agreement”) to be acquired by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management,Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) under which the Apollo Funds will acquire all the outstanding Great Canadian common shares for C$45 per share in cash (the “Transaction”).The amended purchase price represents an approximately 15.4% increase from the original purchase price of C$39 per share.

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