October 7, 2011 ‐ Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announces that due to health considerations, Mr. Adrian R. Thomas has tendered his resignation from the Company’s Board of Directors to be effective November 10, 2011.
Mr. Thomas has been with the Company for 29 years in various capacities, including as President of Great Canadian Casinos Inc. During Mr. Thomas’ long tenure the Company grew rapidly from small temporary operations to full service casinos such as the River Rock Casino Resort. Mr. Thomas’ gaming knowledge and expertise was unrivalled in Canada and consistently resulted in the Company’s enviable reputation of having the strongest procedures and the best trained casino staff in North America.
Mr. Thomas’ expertise was known not only within the Company. In 2002, Mr. Thomas was presented the prestigious “Outstanding Contribution to the Gaming Industry” award as voted on by his peers at the Canadian Gaming Summit.
Mr. Thomas has made an indelible contribution to the Company as well as to the casino industry as a whole in British Columbia and the Board of Directors wishes him well with his recovery and every success with any future endeavours.
ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi‐jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, and Washington State. The Company operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centres, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. As of June 30, 2011, the Company had approximately 3,900 employees in Canada and 600 in Washington State. Further information is available on the Company’s website, www.gcgaming.com.
BY ORDER OF THE BOARD OF DIRECTORS OF GREAT CANADIAN GAMING CORPORATION “Original signed by Earnest C. Beaudin”
Earnest C. Beaudin
GREAT CANADIAN GAMING CORPORATION [TSX:GC]
Suite #350 ‐ 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303‐1000
For investor enquiries:
Ms. Tanya Ruskowski
Executive Assistant to the Interim CEO & President and the Interim CFO Phone: (604) 303‐1000
For media enquiries: Mr. Howard Blank
Vice‐President, Communications, Entertainment & Responsible Gaming
Phone: (604) 512‐6066
This news release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation. Forward-looking information is based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including statements that address expectations, estimates or projections about the future, the Company’s strategy for growth, expected future expenditures, costs, operating and financial results and expected impact of future commitments. Such forward-looking information is not a guarantee of future performance and may involve a number of risks and uncertainties. Although forward-looking information is based on information and assumptions that the Company believes are current, reasonable and complete, they are subject to a number of factors that could cause actual results to vary materially from those expressed or implied by such forward-looking information. Such factors may include, but are not limited to: terms of operational service agreements with lottery corporations; changes to gaming laws that may impact our operational service agreements; pending, proposed or unanticipated regulatory or policy changes; impact of global liquidity and credit availability; adverse tourism trends and further decreases in levels of travel, leisure and consumer spending; competition from established competitors and new entrants in the gaming business; dependence on key personnel; the risk that systems, procedures and controls may not be adequate to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations claims with respect to some Crown land on which we conduct our operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities and long-term debt; credit, liquidity and market risks associated with our financial instruments; interest and exchange rate fluctuations; non-realization of cost reductions and synergies; demand for new products and services; fluctuations in operating results; and economic uncertainty and financial market volatility. These factors and other risks and uncertainties are discussed in the Company’s continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the “Risk Factors” section of the Company’s Annual Information Form for fiscal 2010, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com. The forward-looking information in documents incorporated by reference speak only as of the date of those documents. Readers are cautioned not to place undue reliance on the forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. The Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law. The forward-looking information contained herein is made as of the date hereof and is expressly qualified in its entirety by cautionary statements in this news release.