09:08:21 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Great Canadian Gaming Corp
Symbol GC
Shares Issued 66,368,020
Close 2015-09-30 C$ 18.65
Market Cap C$ 1,237,763,573
Recent Sedar Documents

Great Canadian closes Casino New Brunswick acquisition

2015-10-01 16:24 ET - News Release

Mr. Rod Baker reports

GREAT CANADIAN GAMING COMPLETES ACQUISITION OF CASINO NEW BRUNSWICK

Great Canadian Gaming Corp. has completed its acquisition of the assets and undertaking of Casino New Brunswick from Sonco Gaming New Brunswick LP, whose general partner is Sonco Gaming New Brunswick Ltd., for $95-million plus customary working capital adjustment, on Oct. 1, 2015, as previously described in the company's press releases on May 12, 2015, and Sept. 23, 2015.

The acquisition, which is being funded by existing cash balances, includes ownership and operation of Casino New Brunswick's existing casino, hotel, and multiuse entertainment and convention centre.

"We are excited to work with the New Brunswick Lotteries and Gaming Corp., the department of public safety, gaming control branch, and the City of Moncton. We are also very happy to welcome the more than 400 employees of Casino New Brunswick to our team here at Great Canadian," stated Rod N. Baker, the company's president and chief executive officer.

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