Author Archives: gtgcg

GREAT CANADIAN GAMING ANNOUNCES THE RESIGNATION OF ROD BAKER AS DIRECTOR, PRESIDENT & CHIEF EXECUTIVE OFFICER

January 25, 2021 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) announces that the board of directors has accepted Rod Baker’s resignation as Director, President and Chief Executive Officer of the Company and its operating subsidiaries effective January 24, 2021. Continue reading

GREAT CANADIAN GAMING ANNOUNCES THE RESIGNATION OF ROD BAKER AS DIRECTOR, PRESIDENT & CHIEF EXECUTIVE OFFICER

January 25, 2021 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) announces that the board of directors has accepted Rod Baker’s resignation as Director, President and Chief Executive Officer of the Company and its operating subsidiaries effective January 24, 2021. Continue reading

GREAT CANADIAN GAMING ANNOUNCES THE TEMPORARY SUSPENSION OF OPERATIONS AT CASINO NEW BRUNSWICK

January 19, 2021 – Toronto, ON – Further to the announcement today from the New Brunswick provincial government that certain businesses, such as casinos, will be required to close in the effort to contain the spread of COVID-19, Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) will be suspending operations at Casino New Brunswick as of Tuesday, January 19, 2021 at 11:59pm AST.

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GREAT CANADIAN GAMING ANNOUNCES THE REOPENING OF CASINO NOVA SCOTIA – HALIFAX

January 8, 2021 – Toronto, ON – Further to the announcement on January 8, 2021 from the Nova Scotia provincial government that certain gaming establishments in areas of the Halifax Regional Municipality can reopen, such as Casino Nova Scotia – Halifax, Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) will be reopening Casino Nova Scotia – Halifax at 12pm AST on Monday, January 11, 2021. The property will reopen with a reduction in hours of operation, will offer slot machine play along with limited table games and food and beverage amenities, and with guest capacity of approximately 20% of the property’s maximum facility capacity prior to its first closure on March 16, 2020.

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GREAT CANADIAN ANNOUNCES COURT APPROVAL OF THE PLAN OF ARRANGEMENT WITH AN AFFILIATE OF FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT, INC.

December 30, 2020 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or the “Company”) today announced that it has received approval from the Supreme Court of British Columbia (the “Court”) of the statutory plan of arrangement under section 288 of the Business Corporations Act (British Columbia), pursuant to which Raptor Acquisition Corp., an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) will acquire all the issued and outstanding common shares of the Company (the “Shares”) for C$45.00 in cash per Share (the “Arrangement”). Continue reading

GREAT CANADIAN SECURITYHOLDERS APPROVE PLAN OF ARRANGEMENT WITH AN AFFILIATE OF FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT, INC.

December 23, 2020 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or the “Company”) today announced that at the virtual special meeting (the “Meeting”) of shareholders and optionholders of the Company (together, the “Securityholders”) held today, Securityholders voted in favour of a special resolution to approve the plan of arrangement under section 288 of the Business Corporations Act (British Columbia), pursuant to which Raptor Acquisition Corp. (the “Purchaser”), an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its subsidiaries, “Apollo”) will acquire all the issued and outstanding common shares of the Company (the “Shares”) for C$45.00 in cash per Share (the “Arrangement”). Continue reading

GREAT CANADIAN GAMING ANNOUNCES THE TEMPORARY GOVERNMENT MANDATED SUSPENSION OF GAMING OPERATIONS AT ALL OF THE COMPANY’S ONTARIO PROPERTIES RESULTING IN THE CLOSURE OF FOUR MORE PROPERTIES

December 21, 2020 – Toronto, ON – Further to the announcement on December 21, 2020 from the Ontario provincial government that all non-essential businesses across the province, such as casinos, will be required to close, Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) will be suspending gaming operations at Shorelines Casino Thousand Islands, Shorelines Casino Belleville, Shorelines Casino Peterborough, and Shorelines Slots at Kawartha Downs as of Wednesday, December 23, 2020 at 11:59pm EST. These four properties were the last four of the Company’s 12 properties in Ontario that remained open subsequent to the suspension of operations at the Company’s other Ontario properties through the fourth quarter of 2020. Continue reading

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. Continue reading

GREAT CANADIAN GAMING ANNOUNCES THE TEMPORARY SUSPENSION OF GAMING OPERATIONS AT ELEMENTS CASINO BRANTFORD AND RACING OPERATIONS AT FLAMBORO DOWNS

December 18, 2020 – Toronto, ON – Further to the announcement on December 18, 2020 from the Ontario provincial government that certain businesses in certain regions, such as casinos and race tracks, will be restricted further operationally, Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) will be suspending gaming operations at Elements Casino Brantford and racing operations at Flamboro Downs as of Sunday, December 20, 2020 at 11:59pm EST. Continue reading

GREAT CANADIAN GAMING ANNOUNCES THE TEMPORARY SUSPENSION OF OPERATIONS AT ELEMENTS CASINO GRAND RIVER

December 11, 2020 – Toronto, ON – Further to the announcement on December 11, 2020 from the Ontario provincial government that certain businesses in certain regions, such as casinos, will be restricted further for indoor gathering limits, Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or “the Company”) will be suspending gaming operations at Elements Casino Grand River as of Sunday, December 13, 2020 at 11:59pm EST. Continue reading