The Globe and Mail reports in its Friday, April 20, edition that Canaccord Genuity analyst Derek Dley, expressing increased confidence about the economic potential of the GTA Central Gaming Bundle after an update to the expansion at Woodbine Racetrack, raised his share target for Great Canadian Gaming ($35.59) to $41 to $38. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dley continues to rate the shares "buy." Analysts on average target the shares at $39. Mr. Dley says in a note: "We are comfortable increasing our multiple given the improved economic clarity provided for the GTA Central Bundle, which we have yet to include in our estimates. In our view, the awarding of the West GTA & GTA bundles are transformational events for Great Canadian, allowing the company to meaningfully increase its earnings potential, capitalize on future growth opportunities within Ontario, and reduce its dependence on the highly profitable River Rock casino. However, given the disclosure relating to these bundles remains limited, we admit our forecasts are subject to volatility in the near-term. Meanwhile, the company boasts a collection of well-positioned, highly profitable casino properties."