08:42:40 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Great Canadian Gaming Corp
Symbol GC
Shares Issued 69,713,905
Close 2015-05-13 C$ 22.71
Market Cap C$ 1,583,202,783
Recent Sedar Documents

Van Sun/CP say Great Canadian buys East Coast casino

2015-05-13 06:52 ET - In the News

The Vancouver Sun reports in its Wednesday edition Great Canadian Gaming is buying Casino New Brunswick for $95-million. A Canadian Press dispatch to The Sun says the deal includes the casino, hotel and a multiuse entertainment and convention centre in Moncton. It employs 400 people. Great Canadian Gaming is buying the casino operation from a partnership headed by Sonco. The deal must be approved by the New Brunswick Lotteries and Gaming Corp. The deal closing is expected to occur in the fall. Maria Klyuev, a spokesman for Clairvest, a partner with Sonco, said it is premature to talk since the deal still needs to be approved by the New Brunswick government. Ms. Klyuev did say that the reason for the sale is that Great Canadian Gaming approached Sonco with a compelling financial offer. Her company's other casino in Edmundston, the Grey Rock Entertainment Centre, is not part of the deal. Casino New Brunswick opened its doors in 2010. In 2014, the casino generated roughly $38-million in revenue. Great Canadian Gaming operates 16 gaming properties in British Columbia, Ontario, Nova Scotia and Washington State. Great Canadian also owns Casino Nova Scotia in Halifax. It closed Tuesday at $22.28, down 65 cents.

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