GREAT CANADIAN ANNOUNCES CLOSING OF OFFERING OF SENIOR SECURED NOTES BY, AND PROVIDES UPDATE ON PLAN OF ARRANGEMENT WITH, AN AFFILIATE OF APOLLO FUNDS

June 30, 2021 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or the “Company”) today announced the closing of a private offering by Raptor Acquisition Corp. (“RAC”) and an affiliate of RAC of US$350 million aggregate principal amount of its 4.875% senior secured notes due 2026 (the “Notes”), the proceeds of which were placed into and will be held in escrow until the satisfaction of specified conditions precedent, including the satisfaction or waiver of all conditions precedent to the consummation of its previously announced plan of arrangement (the “Arrangement”) under section 288 of the Business Corporations Act (British Columbia), pursuant to which RAC, 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. Upon release from escrow, the Company expectsthat the net proceeds of the offering will be used to partially fund the Arrangement.

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