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GREAT CANADIAN GAMING ANNOUNCES THIRD QUARTER 2016 RESULTS

November 8, 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 September 30, 2016 (the “third quarter”).

THIRD QUARTER 2016 HIGHLIGHTS

  • Revenues of $151.2 million, increased by 30% when compared to the same period in the prior year.
  • Adjusted EBITDA(1) of $62.9 million, increased by 32% when compared to the same period in the prior year.
  • Shareholder’s net earnings of $26.9 million, increased by 23% when compared to the same period in the prior year.
  • Adjusted shareholders’ net earnings(1) of $27.4 million, increased by 21% when compared to the same period in the prior year. Adjusted shareholders’ net earnings(1) per common share of $0.45 cents, increased by 32% when compared to the same period in the prior year.
  • Construction of the new Shorelines Casino in Belleville, Ontario targeted to reach completion by the end of 2016.
  • The Company submitted a bid on the Request for Proposal (“RFP”) for Ontario Lottery and Gaming Corporation’s (“OLG”) Gaming Bundle 4 (Southwest) and has recently been pre-qualified to submit an RFP for OLG’s Gaming Bundle 6 (West GTA) and Gaming Bundle 1 (Ottawa).
  • The Company has, subject to applicable gaming regulatory registration requirements, engaged Andreas Thompson to the role of Chief Financial Officer. Mr. Thompson’s appointment will become effective upon receipt of regulatory approvals which are anticipated to be received by the end of 2016.

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