Business
Great Canadian Gaming Completes Acquisition of Casino New Brunswick
Great Canadian Gaming Completes Acquisition of Casino New Brunswick Great Canadian...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Completes Acquisition of Casino New Brunswick\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nGreat Canadian Gaming Completes Acquisition of Casino New Brunswick\nCanada NewsWire\nRICHMOND, BC, Oct. 1, 2015\n\n\n\nRICHMOND, BC, Oct. 1, 2015 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") announced today that it has completed its acquisition of the assets and undertaking of Casino New Brunswick from Sonco Gaming New Brunswick Limited Partnership, whose general partner is Sonco Gaming New Brunswick Limited, for $95 million plus customary working capital adjustment, on October 1, 2015, as previously described in the Company's press releases on May 12, 2015 and September 23, 2015. \n\nThe acquisition, which is being funded by existing cash balances, includes ownership and operation of Casino New Brunswick's existing casino, hotel and multi-use entertainment and convention centre. \n\n\"We are excited to work with the New Brunswick Lotteries and Gaming Corporation, 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.\n\nABOUT GREAT CANADIAN GAMING CORPORATION Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State. The Company's 17 gaming properties consist of three community gaming centres, four racetracks (two with casinos operated by the Company and two with casinos operated by the Ontario Lottery and Gaming Corporation), and ten casinos, including two Four Diamond resort hotels. Further information is available on the Company's website, www.gcgaming.com.\n\nON BEHALF OF\n\nGREAT CANADIAN GAMING CORPORATION \n\n\"Original Signed By Rod N. Baker\" ___________________________ Rod N. BakerPresident and Chief Executive Officer\n\nGR...