Author Archives: Natasha Akerman

GREAT CANADIAN GAMING REACHES DEFINITIVE AGREEMENTS FOR TRANSITION FUNDING FOR HORSE RACING AT GEORGIAN DOWNS AND FLAMBORO DOWNS

May 24, 2013 – Richmond, BC – Today, Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) announced that it has signed definitive agreements with the Government of Ontario for horse racing transition funding. This funding will provide support to continue horse racing at the Company’s Georgian Downs and Flamboro Downs racetracks for up to two years beyond March 31, 2013 as Ontario’s horse racing industry adapts to a more sustainable model.

Under the terms of these agreements, the Company will receive transition funding from the provincial government for track operations at its Georgian Downs and Flamboro Downs racetracks. In the twelve months ended March 31, 2014, the Company expects that Georgian Downs will run approximately 25 race days over a three-month period and Flamboro Downs will run approximately 100 race days over a six-month period. The exact numbers of race days are subject to approval by the Ontario Racing Commission.

“Thanks to the efforts of both the Ontario Ministry of Agriculture and Food and the Ministry of Finance, we are pleased to be able to continue to host live horse racing fans at Flamboro Downs and Georgian Downs,” stated Mr. Howard Blank, Great Canadian’s Vice President of Communications, Entertainment and Responsible Gaming. “The finalization of these agreements is good news for the short term future of horse racing in Ontario. We are committed to working with the Provincial Government and the Province’s horse racing industry to pursue a longer term, more sustainable business model for horseracing in Ontario.”

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia and Washington State. The Company’s 17 gaming properties consist of ten casinos, including one with a Four Diamond hotel resort, four horse racetrack casinos, and three community gaming centres. As of March 31, 2013, the Company had approximately 3,900 employees in Canada and
600 in Washington State. Further information is available on the Company’s website, www.gcgaming.com.

DISCLAIMER

This press release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation. Forward-looking information is based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including statements that address expectations, estimates or projections about the future, the terms and expected benefits of the normal course issuer bid, the Company’s strategy for growth, expected future expenditures, costs, operating and financial results, expected impact of future commitments, the future ability of the Company to operate the Georgian Downs and Flamboro Downs facilities and their profitability, and the ability of the Company to enter into new agreements for the operation of gaming facilities at Georgian Downs and Flamboro Downs. Forward-looking information may be identified by words such as “anticipate”, “believe”, “expect”, or similar expressions. Such forward – looking information is not a guarantee of future performance and may involve a number of risks and uncertainties.

Although forward-looking information is based on information and assumptions that the Company believes are current, reasonable and complete, they are subject to unknown risks, uncertainties, and a number of factors that could cause actual results to vary materially from those expressed or implied by such forward-looking information. Such factors may include, but are not limited to: terms of operational services agreements; pending, proposed or unanticipated regulatory or policy changes; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; adverse tourism trends and further decreases in levels of travel, leisure and consumer spending; competition from established competitors and new entrants in the gaming business; dependence on key personnel; the Company’s ability to manage its capi tal projects and its expanding operations; the risk that systems, procedures and controls may not be adequate to meet regulatory requirements or to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations rights with respect to some land on which we conduct our operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities and long-term debt; credit, liquidity and market risks associated with our financial instruments; interest and exchange rate fluctuations; non-realization of cost reductions and synergies; demand for new products and services; fluctuations in operating results; and economic uncertainty and financial market volatility. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors and other risks and uncertainties are discussed in the Company’s continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the “Risk Factors” section of the Company’s Annual Information Form for fiscal 2012, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. The forward-looking information contained herein is made as of the date hereof, is subject to change after such date, and is expressly qualified in its entirety by cautionary statements in this press release. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. The Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law.

ON BEHALF OF

GREAT CANADIAN GAMING CORPORATION

“Original Signed By Rod N. Baker”

Rod N. Baker
President and Chief Executive Officer

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
(604) 303-1000
Website: www.gcgaming.com

For investor enquiries:
ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President and Chief Executive Officer and the Chief Financial
Officer
(604) 303-1000

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming
(604) 512-6066

GREAT CANADIAN GAMING TO REPORT FIRST QUARTER 2013 RESULTS ON MAY 8

April 23, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announced that it will release its financial results for the three month period ended March 31, 2013 (“first quarter 2013”) after the market close on May 8, 2013. The Company will also host a conference call on that date at 2:00 PM Pacific, at which time management will both review the financial results and discuss the progress of the business.

The first quarter 2013 results press release, condensed interim consolidated financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, on May 8, 2013 after 1:10 PM Pacific. This information will also be available on www.sedar.com on May 9, 2013.

The conference call may be accessed via the Investor Relations section of the Company’s
website, www.gcgaming.com. The conference call may also be accessed by dialing 416-
764-8688, or toll free at 888-390-0546 (Passcode: 38196411). Questions will be reserved for analysts and investors.

Following completion of the call, a replay will be available via the Company’s website,
www.gcgaming.com.

ABOUT GREAT CANADIAN GAMING CORPORATION
Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia and Washington State. The Company’s 17 gaming properties consist of ten casinos, including one with a Four Diamond hotel resort, four horse racetrack casinos, and three community gaming centres. Further information is available on the Company’s website, www.gcgaming.com.

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming (604) 512-6066

For investor enquiries: Email: ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President & CEO
and the CFO (604) 303-1000

GREAT CANADIAN GAMING REACHES AGREEMENTS IN PRINCIPLE FOR TRANSITION FUNDING FOR HORSE RACING AT GEORGIAN DOWNS AND FLAMBORO DOWNS

March 26, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) today announced that it has signed agreements in principle with the Government of Ontario for transition funding. This funding will provide support to continue horse racing at the Company’s Georgian Downs and Flamboro Downs racetracks beyond March 31, 2013 as Ontario’s horse racing industry adapts to a more sustainable model.

The letters of intent set out the key terms for transitional funding and the expected number of race days, which will form the basis for formal transfer payment agreements. Once completed, the formal agreements will be subject to approval by the Ontario Ministry of Agriculture and Food.

“Today’s announcement is good news for the future of horse racing in Ontario,” stated Mr. Howard Blank, Great Canadian’s Vice President of Communications, Entertainment and Responsible Gaming. “We are pleased to be able to welcome live horse racing fans to our properties.”

“Ontario’s horse racing and breeding industries are an important part of a healthy economy in Ontario,” stated Ms. Kathleen Wynne, Minister of Agriculture and Food for the Province of Ontario. “We will continue to work in consultation with the industry partners for the long-term good of the industry and the province.”

Once formal transfer payment agreements have been signed with the Government of Ontario and once definitive lease agreements for the Ontario properties have been signed with the Ontario Lottery and Gaming Corporation, the Company will need to re- evaluate its assumptions used in the recent long-lived asset impairment tests for these properties. Based on the terms of the letters of intent for the transfer payment agreements (along with the letters of intent for the lease agreements), we continue to expect the Company’s Ontario properties’ EBITDAs will decline as compared to the levels realized in 2012. However, the Company expects that it may need to record long-lived asset impairment reversals for Georgian Downs and Flamboro Downs.

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia and Washington State. The Company’s 17 gaming properties consist of ten casinos, including one with a Four Diamond hotel resort, four horse racetrack casinos, and three community gaming centres. As of December 31, 2012, the Company had approximately 4,000 employees in Canada and 600 in Washington State. Further information is available on the Company’s website, www.gcgaming.com.

DISCLAIMER

This press release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation. Forward-looking information is based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including statements that address expectations, estimates or projections about the future, the Company’s strategy for growth and its objectives, expected future expenditures, costs, operating and financial results, expected impact of future commitments, the future ability of the Company to operate the Georgian Downs and Flamboro Downs facilities and their profitability, expectations and implications of changes in legislation and government policies. Forward-looking information may be identified by words such as “anticipate”, “believe”, “expect”, or similar expressions. Such forward-looking information is not a guarantee of future performance and may involve a number of risks and uncertainties.

Although forward-looking information is based on information and assumptions that the Company believes are current, reasonable and complete, they are subject to unknown risks, uncertainties, and a number of factors that could cause actual results to vary materially from those expressed or implied by such forward-looking information. Such factors may include, but are not limited to: terms of operational service agreements with lottery corporations; changes to gaming laws that may impact our operational service agreements; pending, proposed or unanticipated regulatory or policy changes; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; adverse tourism trends and further decreases in levels of travel, leisure and consumer spending; competition from established competitors and new entrants in the gaming business; dependence on key personnel; the Company’s ability to manage its capital projects and its expanding operations; the risk that systems, procedures and controls may not be adequate to meet regulatory requirements or to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations rights with respect to some land on which we conduct our operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities and long-term debt; credit, liquidity and market risks associated with our financial instruments; interest and exchange rate fluctuations; non- realization of cost reductions and synergies; demand for new products and services; fluctuations in operating results; and economic uncertainty and financial market volatility. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors and other risks and uncertainties are discussed in the Company’s continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the “Risk Factors” section of the Company’s Annual Information Form for fiscal 2012, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. The forward-looking information contained herein is made as of the date hereof and is subject to change after such date, and is expressly qualified in its entirety by cautionary statements in this press release. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. The Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law.

The Company has included non-International Financial Reporting Standards (“non-IFRS”) measures in this press release. EBITDA, as defined by the Company, means earnings before interest and financing costs (net of interest income), income taxes, depreciation and amortization, share-based compensation, equity investment loss and other, litigation settlement, impairment of long-lived assets and goodwill, and foreign exchange loss and other. EBITDA is derived from the consolidated statements of earnings (loss), and can be computed as revenues less human resources expenses and property, marketing and administration expenses.

Readers are cautioned that these non-IFRS definitions are not recognized measures under International Financial
Reporting Standards (“IFRS”), do not have standardized meanings prescribed by IFRS, and should not be construed

to be alternatives to net earnings determined in accordance with IFRS or as indicators of pe rformance or liquidity or cash flows. The Company’s method of calculating these measures may differ from methods used by other entities and accordingly our measures may not be comparable to similarly titled measures used by other entities or in other jurisdictions. The Company uses these measures because it believes they provide useful information to both management and investors with respect to the operating and financial performance of the Company.

ON BEHALF OF

GREAT CANADIAN GAMING CORPORATION

“Original Signed By Rod N. Baker”

Rod N. Baker
President and Chief Executive Officer

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
(604) 303-1000
Website: www.gcgaming.com

For investor enquiries:
ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President and Chief Executive Officer and the Chief Financial
Officer
(604) 303-1000

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming
(604) 512-6066

GREAT CANADIAN GAMING REACHES AGREEMENTS IN PRINCIPLE FOR OLG SLOT FACILITY LEASES AT GEORGIAN DOWNS AND FLAMBORO DOWNS

March 9, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) today announced that it has entered into letters of intent with the Ontario Lottery and Gaming Corporation (“OLG”) for the continuation of slot operations at each of the Company’s Georgian Downs and Flamboro Downs racetrack facilities.

The letters of intent set out the general intentions and business arrangements for the respective properties’ and proposed lease agreements with the OLG. The terms of definitive lease agreements are subject to approval by the Ontario Ministry of Finance. These lease arrangements will replace the current site holder agreements that will expire on March 31, 2013.

While the Company has had discussions with the Ontario Horse Racing Industry Transition Panel (the “Panel”), it has not formalized transitional funding for continued racing operations at either Georgian Downs or Flamboro Downs. We believe that securing lease agreements with the OLG will assist in further discussions with the Panel regarding transition funding for horseracing.

“We are extremely pleased to have reached this agreement in principle with Great Canadian for both their Flamboro and Georgian sites” said Rod Phillips, OLG’s President and CEO. “We have a longstanding and positive relationship with Great Canadian and look forward to working with them in the future.”

“We also are extremely pleased to have now concluded our negotiations with the OLG and look forward to continuing to work with them through these lease arrangements,” stated Mr. Rod N. Baker, Great Canadian’s President and Chief Executive Officer. “We also look forward to continuing our discussions with the Ontario government and the Panel with a view to finalizing arrangements and funding for horse racing to be able to continue at Flamboro Downs and Georgian Downs.”

Until such time as the definitive lease agreements have been signed, further discussions with the Panel have occurred, and related horse racing transitional funding decisions have been made, the full effect of today’s announcement on our properties’ annual revenues and EBITDA will not be determinable. However, based on terms

agreed to in the Letters of Intent with the OLG, we continue to expect the Company’s
Ontario properties’ EBITDAs will decline as compared to the levels realized in 2012.

Once definitive lease agreements have been signed, the Company will need to re- evaluate its assumptions used in the recent long-lived asset impairment tests for these properties. Based on the terms of the letters of intent, the Company expects that it may need to record long-lived asset impairment reversals for Georgian Downs and Flamboro Downs.

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia and Washington State. The Company’s 17 gaming properties consist of ten casinos, including one with a Four Diamond hotel resort, four horse racetrack casinos, and three community gaming centres. As of December 31, 2012, the Company had approximately 4,000 employees in Canada and 600 in Washington State. Further information is available on the Company’s website, www.gcgaming.com.

DISCLAIMER

This press release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation. Forward-looking information is based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including statements that address expectations, estimates or projections about the future, the Company’s strategy for growth and its objectives, expected future expenditures, costs, operating and financial results, expected impact of future commitments, the future ability of the Company to operate the Georgian Downs and Flamboro Downs facilities and their profitability, expectations and implications of changes in legislation and government policies. Forward-looking information may be identified by words such as “anticipate”, “believe”, “expect”, or similar expressions. Such forward-looking information is not a guarantee of future performance and may involve a number of risks and uncertainties.

Although forward-looking information is based on information and assumptions that the Company believes are current, reasonable and complete, they are subject to unknown risks, uncertainties, and a number of factors that could cause actual results to vary materially from those expressed or implied by such forward-looking information. Such factors may include, but are not limited to: terms of operational service agreements with lottery corporations; changes to gaming laws that may impact our operational service agreements; pending, proposed or unanticipated regulatory or policy changes; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; adverse tourism trends and further decreases in levels of travel, leisure and consumer spending; competition from established competitors and new entrants in the gaming business; dependence on key personnel; the Company’s ability to manage its capital projects and its expanding operations; the risk that systems, procedures and controls may not be adequate to meet regulatory requirements or to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations rights with respect to some land on which we conduct our operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities and long-term debt; credit, liquidity and market risks associated with our financial instruments; interest and exchange rate fluctuations; non- realization of cost reductions and synergies; demand for new products and services; fluctuations in operating results; and economic uncertainty and financial market volatility. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors and other risks and uncertainties are discussed in the Company’s continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the “Risk Factors” section of the Company’s Annual Information Form for fiscal 2012, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. The forward-looking information contained herein is made as of the date hereof and is subject to change after such date, and is expressly qualified in its entirety by cautionary statements in this press release. Forward-looking information is provided for the purpose of

providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. The Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law.

The Company has included non-International Financial Reporting Standards (“non-IFRS”) measures in this press release. EBITDA, as defined by the Company, means earnings before interest and financing costs (net of interest income), income taxes, depreciation and amortization, share-based compensation, equity investment loss and other, litigation settlement, impairment of long-lived assets and goodwill, and foreign exchange loss and other. EBITDA is derived from the consolidated statements of earnings (loss), and can be computed as revenues less human resources expenses and property, marketing and administration expenses.

Readers are cautioned that these non-IFRS definitions are not recognized measures under International Financial Reporting Standards (“IFRS”), do not have standardized meanings prescribed by IFRS, and should not be construed to be alternatives to net earnings determined in accordance with IFRS or as indicators of performance or liquidity or cash flows. The Company’s method of calculating these measures may differ from methods used by other entities and accordingly our measures may not be comparable to similarly titled measures used by other entities or in other jurisdictions. The Company uses these measures because it believes they provide useful information to both management and investors with respect to the operating and financial performance of the Company.

ON BEHALF OF

GREAT CANADIAN GAMING CORPORATION

“Original Signed By Rod N. Baker”

Rod N. Baker
President and Chief Executive Officer

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
(604) 303-1000
Website: www.gcgaming.com

For investor enquiries:
ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President and Chief Executive Officer and the Chief Financial
Officer
(604) 303-1000

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming
(604) 512-6066

GREAT CANADIAN GAMING ANNOUNCES FOURTH QUARTER AND ANNUAL 2012 RESULTS

March 6, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) today announced its financial results for the three month period (“fourth quarter of 2012”) and twelve month period (“2012”) ended December 31,
2012.

CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES FOURTH QUARTER AND ANNUAL 2012 RESULTS

GREAT CANADIAN GAMING TO REPORT 2012 FOURTH QUARTER AND ANNUAL RESULTS ON MARCH 6

February 5, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announced that it will release its financial results for the three and twelve month periods ended December 31, 2012 after the market close on March 6, 2013. The Company will also host a conference call on that date at 2:00 PM Pacific, at which time management will both review the financial results and discuss the progress of the business.

The 2012 fourth quarter and annual results press release, consolidated financial statements, management’s discussion and analysis, and annual information form will be available on the Company’s website, www.gcgaming.com, on March 6, 2013 after 1:10 PM Pacific. This information will also be available on www.sedar.com on March 7, 2013.

The conference call may be accessed via the Investor Relations section of the Company’s
website, www.gcgaming.com. The conference call may also be accessed by dialing 647-
427-7450, or toll free at 888-231-8191 (Passcode: 75983886). Questions will be reserved for analysts and investors.

Following completion of the call, a replay will be available via the Company’s website,
www.gcgaming.com.

ABOUT GREAT CANADIAN GAMING CORPORATION
Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia and Washington State. The Company’s 17 gaming properties consist of ten casinos, including one with a Four Diamond hotel resort, four horse racetrack casinos, and three community gaming centres. Further information is available on the Company’s website, www.gcgaming.com.

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming (604) 512-6066

For investor enquiries: Email: ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President & CEO
and the CFO (604) 303-1000

GREAT CANADIAN GAMING ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

January 25, 2013 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) announced today its intention to renew a normal course issuer bid for up to 4,511,644 of its common shares, representing approximately
10% of the Company’s common shares in the public float. Purchases will be made subject to opportunities within the market.

As at January 17, 2013, there were 70,452,153 common shares of the Company outstanding. Purchases will be by way of open market purchases through the facilities of the Toronto Stock Exchange (“TSX”), and other Canadian market places, and payment for the shares will be in accordance with the TSX’s by-laws and rules. No purchases will be made other than by means of open market transactions during the term of the normal course issuer bid and conducted at the market price at the time of acquisition. All shares purchased by the Company will be subsequently cancelled. The Company believes that this normal course issuer bid will assist in managing its balance of debt and equity for the purpose of increasing long-term shareholder value.

“With Great Canadian’s secure and flexible financial position, this share repurchase program is an important tool for improving shareholder value,” stated Rod Baker, Great Canadian’s President and Chief Executive Officer. “The normal course issuer bid will be employed opportunistically, while considering the Company’s future cash needs for operating and development purposes.”

The Company received approval from the TSX to commence this bid on January 30,
2013. The bid will end on January 29, 2014 or earlier if the number of shares sought in the issuer bid have been obtained. The Company reserves the right to terminate the bid earlier if it feels it is appropriate to do so. Pursuant to TSX policies, daily purchases made by the Company will not exceed 29,761 common shares or 25% of the prior six- month average daily trading volume of 119,045 common shares on the TSX, subject to certain prescribed exceptions.

In the event that insiders intend to sell securities of the Company during the course of the bid, the Company will not purchase such securities under the bid when advised of such sales.

Since January 27, 2012, the Company purchased and cancelled 3,657,210 common shares under the current normal course issuer bid that will expire on January 26, 2013

at a volume weighted average price of $8.15 per share and 10,000,000 common shares under a substantial issuer bid at a purchase price of $10.00 per share.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless the securities are registered in the United States or an exemption from such registration is available.

ABOUT GREAT CANADIAN

Great Canadian Gaming Corporation is a multi-jurisdictional gaming, entertainment and hospitality operator with 17 gaming facilities, which include ten casinos, four horse racetrack casinos, three community gaming centres, and a Four Diamond hotel resort, located in British Columbia, Ontario, Nova Scotia and Washington State. As of September 30, 2012, the Company had approximately 4,100 employees in Canada and
600 in Washington State. Further information is available on the Company’s website,
www.gcgaming.com.

DISCLAIMER

This press release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation. Forward-looking information is based on the Company’s current expectations, estimates, projections and assumptions that were made by the Company in light of its historical trends and other factors. All information or statements, other than statements of historical fact, are forward-looking information including statements that address expectations, estimates or projections about the future, the terms and expected benefits of the normal course issuer bid, and the Company’s strategy for growth and its objectives, expected future expenditures, costs, operating and financial results, expected impact of future commitments, the future ability of the Company to operate the Georgian Downs and Flamboro Downs facilities and their profitability, expectations and implications of changes in legislation and government policies. Forward-looking information may be identified by words such as “anticipate”, “believe”, “expect”, or similar expressions. Such forward-looking information is not a guarantee of future performance and may involve a number of risks and uncertainties.

Although forward-looking information is based on information and assumptions that the Company believes are current, reasonable and complete, they are subject to unknown risks, uncertainties, and a number of factors that could cause actual results to vary materially from those expressed or implied by such forward- looking information. Such factors may include, but are not limited to: terms of operational service agreements with lottery corporations; changes to gaming laws that may impact our operational service agreements; pending, proposed or unanticipated regulatory or policy changes; the Company’s ability to obtain and renew required business licenses; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; adverse tourism trends and further decreases in levels of travel, leisure and consumer spending; competition from established competitors and new entrants in the gaming business; dependence on key personnel; the Company’s ability to manage its capital projects and its expanding operations; the risk that systems, procedures and controls may not be adequate to meet regulatory requirements or to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations rights with respect to some land on which we conduct our operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities and long-term debt; credit, liquidity and market risks associated with our financial instruments; interest and exchange rate fluctuations; non-realization of cost reductions and synergies; demand for new products and services; fluctuations in operating results; and economic uncertainty and

financial market volatility. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. These factors and other risks and uncertainties are discussed in the Company’s continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the “Risk Factors” section of the Company’s Annual Information Form for fiscal 2011, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, as there can be no assurance that the plans, intentions, or expectations upon which they are based will occur. The forward- looking information contained herein is made as of the date hereof and is subject to change after such date, and is expressly qualified in its entirety by cautionary statements in this press release. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of the Company’s operating environment. The Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law.

ON BEHALF OF

GREAT CANADIAN GAMING CORPORATION

“Original signed by Rod N. Baker”

Rod N. Baker
President and Chief Executive Officer

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Website: www.gcgaming.com

For investor enquiries:
ir@gcgaming.com or
Ms. Tanya Ruskowski
Executive Assistant to the President and Chief Executive Officer and the Chief Financial
Officer
(604) 303-1000

For media enquiries:
Mr. Howard Blank
Vice-President, Communications, Entertainment & Responsible Gaming
(604) 512-6066

Investor Relations 2013

Please find the Investor Relations announcements for 2013 below:

Entertainment Press Releases 2013

Please find the entertainment press releases for 2013 below (click to open):