Mr. Rod Baker reports

GREAT CANADIAN GAMING INITIATES CONSENT SOLICITATION WITH RESPECT TO 6.625% SENIOR UNSECURED NOTES TO ALLOW INCREASED FINANCIAL FLEXIBILITY

Great Canadian Gaming Corp. will commence a solicitation of consents to amend the trust indenture governing its 6.625-per-cent senior unsecured notes in the principal amount of $450-million due July 25, 2022.

The purpose of the consent solicitation is to obtain approval for certain amendments to the indenture, which, if approved, would provide the company with greater flexibility to make payments that would be otherwise restricted under the terms of the indenture. The increased flexibility would allow the company, among other things, greater freedom during the remaining seven-year term of the notes to repurchase its common shares, pay cash dividends on all of its capital stock and make distributions to its shareholders. While it is always evaluating its options, the company has no immediate plans to repurchase its securities (other than, if market opportunities arise, the amount of common shares permitted under its normal course issuer bid), pay dividends or make other distributions to its shareholders.

The consent solicitation will be open until 5 p.m. (Eastern Time) on May 8, 2015, unless extended or cancelled by the company. The record date for purposes of the consent solicitation is April 24, 2015.

Provided the proposed amendments are implemented, the company will pay a one-time consent fee equal to $5.00 per $1,000 principal amount of the notes to holders who validly consent to the proposed amendments by the expiration date of the consent solicitation.

A full description of the proposed amendments, along with the terms and conditions of the consent solicitation, will be set out in a consent solicitation statement that will be mailed to holders of the notes and filed on SEDAR. The proposed amendments require the consent of the holders of at least a majority of the principal amount of the outstanding notes.

Beneficial owners of notes that are held in the name of a broker, dealer, commercial bank, trust company or other intermediary, or in the name of a clearing agency of which such intermediary is a participant, should contact such intermediary promptly and obtain and follow their intermediary's instructions with respect to the applicable consent procedures and deadlines, which may be earlier than the deadlines set out in the consent solicitation statement.

This news release is neither a solicitation of consents, an offer to purchase the notes nor a solicitation of an offer to sell securities. The consent solicitation is being made solely by the consent solicitation statement.

Requests for assistance in completing an appropriate consent form; requests for copies of the consent solicitation statement, an appropriate consent form or other related documents; or questions concerning the terms of the consent solicitation should be directed either to the lead solicitation agent, Scotia Capital Inc., at 40 King St. West, 68th floor, Toronto, Ont., Canada, M5H 1H1, or by calling Michael Lay, managing director and head of syndication, at 416-863-7257 (toll-free 1-888-776-3666), or to the information agent, D.F. King Canada, at 1-800-398-1272.

We seek Safe Harbor.