Business
Great Canadian Gaming reaches definitive agreements for OLG Slot Facility leases at Georgian Downs and Flamboro Downs
RICHMOND, BC , Nov. 29, 2013 /CNW/ - Great Canadian Gaming Corporation [ TSX:GC ] ("Grea...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\nRICHMOND, BC, Nov. 29, 2013 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") today announced that it has signed\n definitive lease agreements with the Ontario Lottery and Gaming\n Corporation (\"OLG\") for the continuation of slot operations at each of\n the Company's Georgian Downs and Flamboro Downs racetrack facilities.\n\n\nUnder the terms of these agreements, OLG will lease the slot machine\n areas at the Ontario Racetracks for a five year term commencing April\n 1, 2013. The Company and OLG have previously been operating under\n signed non-binding letters of intent which replaced the previous site\n holder agreements that expired on March 31, 2013.\n\n\n\"We are pleased to have reached an agreement with Great Canadian for\n both their Flamboro and Georgian sites\" said Rod Phillips, OLG's\n President and CEO. \"This reflects our longstanding and positive\n relationship with Great Canadian.\"\n\n\n\"We are also pleased to have now entered into these definitive\n agreements with the OLG,\" stated Mr. Rod N. Baker, Great Canadian's\n President and Chief Executive Officer. \"With definitive lease\n agreements now signed, we can look forward to the next chapter for our\n properties in Ontario and further developing our relationship with the\n OLG as the gaming industry in Ontario continues its evolution.\"\n\n\nABOUT GREAT CANADIAN GAMING CORPORATION \n\n\nGreat Canadian Gaming Corporation operates gaming, entertainment and\n hospitality facilities in British Columbia, Ontario, Nova Scotia, and\n Washington State. The Company's 17 gaming properties consist of three\n community gaming centres, four racetracks, and ten casinos, including\n one with a Four Diamond hotel resort. As of September 30, 2013, the\n Company had approximately 4,000 employees in Canada and 600 in\n Washington State. Further information is available on the Company's\n website, www.gcgaming.com\n\n\nDISCLAIMER\n\n\nThis press release contains certain \"forward-looking information\" or\n statements within the meaning of applicable securities legislation. \n Forward-looking information is based on the Company's current\n expectations, estimates, projections and assumptions that were made by\n the Company in light of its historical trends and other factors.  All\n information or statements, other than st...