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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