December 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation (TSX:GC) (the “Company”) announced today that Vincent G. Trudel has chosen to resign his position as Chief Operating Officer effective December 31, 2009. Mr. Trudel joined the Company in November of 2006 and has been instrumental in implementing the Company’s business rationalization initiatives during 2009. Mr. Trudel has agreed to transition his responsibilities to other executives and continue to assist the Company as a non-exclusive consultant for a period of up to three years.
“Mr. Trudel has been a valuable officer since joining the Company and his efforts have improved our operations from both a financial and a customer service perspective. We look forward to continuing our relationship with Mr. Trudel,” stated Ross J. McLeod, Great Canadian’s Chairman and CEO.
ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, five horseracing facilities (three offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.
ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
Director, Corporate Development and Investor Relations
GREAT CANADIAN GAMING CORPORATION [TSX:GC]
Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
For further information, please contact:
Mr. Nathan Sellyn
Director, Corporate Development & Investor Relations
(604) 306-0015, email@example.com
Mr. Howard Blank
Vice-President, Media, Entertainment & Responsible Gaming
Fax: (604) 279-8605
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This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non-realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including in the “Risks Factors” section of the Company’s Annual Information Form for fiscal 2009, or as identified in the Company’s disclosure record on www.sedar.com. The forward- looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.