GREAT CANADIAN GAMING ANNOUNCES FIRST QUARTER 2016 RESULTS

May 9, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian,” or “the Company”) today announced its financial results for the three month period ended March 31, 2016 (the “first quarter”).

FIRST QUARTER 2016 HIGHLIGHTS

  • Revenues of $130.9 million in the first quarter, a 20% increase when compared to the same period in the prior year.
  • Adjusted EBITDA(1) of $43.5 million in the first quarter, a 6% increase when compared to the same period in the prior year.
  • Adjusted shareholders’ net earnings(1) of $12.1 million in the first quarter, compared to $16.9 million for the same period in the prior year.
  • On January 11, 2016, a partnership in which the Company owns a 90.5% interest completed the acquisition of the first bundle in the Ontario Gaming Modernization Process. The two properties acquired in this bundle were collectively rebranded as Shorelines Casinos.
  • Construction is underway on a new Shorelines Casino in Belleville, Ontario. The Company anticipates completing construction of this property by the conclusion of the first quarter of 2017.

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