Author Archives: Natasha Akerman

GREAT CANADIAN GAMING ACHIEVES RECORD REVENUES IN THE THIRD QUARTER OF 2008, ANNOUNCES STRATEGIC REVISIONS TO DEVELOPMENT TIMELINES

November 13, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the
Company”) announces its financial results for the third quarter ended September 30, 2008.

CLICK TO READ > 20081113-Q3-PR

GREAT CANADIAN GAMING TO REPORT 2008 THIRD QUARTER RESULTS ON NOVEMBER 13, 2008

November 5, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that it will release its financial results for the three month period ended September 30, 2008 after the market close on Thursday, November 13. The Company will also host a conference call and simultaneous webcast at 2:00 p.m. Pacific on Thursday, November 13, at which time management will both review additional details of the third quarter
2008 financial results and discuss the progress of the business.

The 2008 third quarter results press release, interim financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, after the market close on Thursday, November 13. This information will also be available on www.sedar.com on Friday, November 14.

The conference call number is 416-695-6272, or toll free at 800-766-6630; please call five minutes in advance to ensure that you are connected prior to the presentation. The call may also be accessed via the Internet at www.gcgaming.com; please allow 15 minutes for both registration and the installation of any necessary software. Questions will be reserved for analysts and investors. Following completion of the call, a replay will be available until November 20, 2008. This replay can be accessed by dialing 416-695-5800, or toll free at 800-
408-3053 (Passcode: 3274504). A replay of the call will also be available at www.gcgaming.com.

ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, five horseracing facilities (three offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.

For further information, please contact:

Company Media Investor Relations
Nathan Sellyn Howard Blank Richard Land, Dave Jacoby
(604) 303-1000 (604) 512-6066 Jaffoni & Collins
nsellyn@gcgaming.com
Fax: (604) 279-8605 (212) 835-8500
www.gcgaming.com
gcd@jcir.com

GREAT CANADIAN COMMENCES NORMAL COURSE ISSUER BID

September 16, 2008, Richmond, BC – Great Canadian Gaming Corporation (the “Company”) announced today its intention to commence a normal course issuer bid for up to 6,185,165 million of its common shares, representing approximately 10% of the public float of the Company. As at September 11, 2008 there were 82,616,226 common shares of the Company outstanding. Purchases will be by way of open market purchases through the facilities of the TSX, and conducted at the market price at the time of acquisition. All shares purchased by the Company will be subsequently cancelled.

The Company has received approval from the TSX to commence this bid on September
19, 2008. The bid will end on September 18, 2009 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 65,172 common shares or 25% of the average daily trading volume of 260,689 common shares on the TSX, subject to certain prescribed exceptions.

Thomas Bell, Vice-President Corporate Development and Investor Relations, commented, “The flexibility of Great Canadian’s capital structure makes a share repurchase program the ideal tool to better manage the Company’s balance of debt and equity. In combination with current market prices, we believe the bid will take full advantage of an opportunity for the creation of sustainable shareholder value.”

Within the last twelve months, under a normal issuer bid that expired on July 22, 2008, the Company purchased 4,491,300 of its common shares at a weighted-average price of $12.76 through the facilities of the TSX.

All shares will be purchased on the open market through the facilities of the TSX, 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.

To the knowledge of the Company, after reasonable inquiry, no director or senior officer and no other person holding 10% or more of any class of equity shares of the Company and no associate or affiliate of any of the foregoing and no person acting jointly or in concert with the Company currently proposes to sell common shares of the Company during the course of the normal course issuer bid. Directors and senior officers may also during such period sell common shares through the facilities of the TSX. All of these persons have been advised that if they do sell common shares during the course

of this bid, they are to advise the Company and the Company will ensure that it is not active in the market at the time such sales occur.

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 and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, five horseracing facilities (three offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

“Original signed by Thomas Bell”

Thomas Bell
Vice President, Corporate Development and Investor Relations

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #200 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Fax: (604) 279-8605
Website: www.gcgaming.com

For investor enquiries:

Mr. Thomas Bell
Vice-President, Corporate Development & Investor Relations or
Mr. Richard Land or Mr. David Jacoby
Jaffoni & Collins Incorporated
(212) 835-8500, GC@jcir.com

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

DISCLAIMER

This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non-realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including in the “Risks Factors” section of the Company’s Annual Information Form for fiscal 2007, or as identified in the Company’s disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.

GREAT CANADIAN GAMING TO PRESENT AT SCOTIA CAPITAL’S BACK TO SCHOOL CONFERENCE

September 11, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that its Chief Financial Officer, Milton Woensdregt, will present an overview of the Company at Scotia Capital’s Back to School Conference in Toronto at 3:20PM Eastern time on September 16, 2008.

Mr. Woensdregt will review the Company’s strong market fundamentals and robust development pipeline, and also discuss areas of focus and challenges for the second half of
2008. Please visit www.gcgaming.com (select “Investor Relations>Financial Reports>Conference Calls”) to access a webcast of the presentation, or access it directly at: http://webcast.streamlogics.com/audience/index.asp?eventid=57155. After the broadcast, an archived version will be available for one year. Website visitors will also be able to access a copy of the Company’s updated Investor Presentation for September 2008 (select “Investor Relations>Investor Presentation”).

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION “Original signed by Thomas Bell”

Thomas Bell
Vice President, Corporate Development and Investor Relations

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #200 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Fax: (604) 279-8605
Website: www.gcgaming.com

For investor enquiries:

Mr. Thomas Bell
Vice-President, Corporate Development & Investor Relations or
Mr. Richard Land or Mr. David Jacoby
Jaffoni & Collins Incorporated
(212) 835-8500, GC@jcir.com

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

DISCLAIMER
This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non- realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including in the “Risks Factors” section of the Company’s Annual Information Form for fiscal 2007, or as identified in the Company’s disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.

GREAT CANADIAN GAMING RECORDS 4% IMPROVEMENT IN REVENUES AND 3% IMPROVEMENT IN EBITDA IN THE SECOND QUARTER OF 2008

August 11, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the
Company”) announces its financial results for the second quarter ended June 30, 2008.

CLICK TO READ > Q2_2008_Press_Release

GREAT CANADIAN TO OPEN 600 SLOT MACHINES AT HASTINGS RACECOURSE ON AUGUST 15, 2008

July 29, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that it will open a permanent gaming and entertainment facility, located in the grandstand of its Hastings Racecourse (“Hastings”), on August 15, 2008. This approximately 42,000 square foot facility will house a sports and entertainment lounge, new food and beverage options, and a modern gaming floor featuring 600 slot machines. These machines will replace the 150 temporary units currently installed at the property.

Construction on non-gaming components of the facility will continue throughout 2009. The Company had previously announced a budget of $40.0 million for this stage of Hastings development, and anticipates that the cost of these renovations will remain within this projection.

“We’re very excited about opening Hastings,” stated Vincent Trudel, Great Canadian’s Chief Operating Officer. “This historic racetrack is a Vancouver landmark, and the installation of these brand new gaming offerings will allow it to offer its patrons a complete entertainment experience.”

Mr. Trudel added, “Hastings will experience a ramp-up period before these new gaming offerings reach maturity. This period may be longer than those typically associated with the introduction of new gaming products to a market, as Hastings could potentially experience continued disruption from ongoing construction. However, we’ve already begun to increase our marketing initiatives in an effort to accelerate this ramp-up period. We’re also pleased at the timing of this opening, which is sooner than originally projected. We will now have a full complement of slot machines in operation during the current live racing season.”

For further information, please contact:

Company Media Investor Relations
Thomas Bell Howard Blank Richard Land, Dave Jacoby
(604) 303-1000 (604) 512-6066 Jaffoni & Collins
tbell@gcgaming.com
Fax: (604) 279-8605 (212) 835-8500
gcd@jcir.com

GREAT CANADIAN GAMING TO REPORT 2008 SECOND QUARTER RESULTS ON AUGUST 11, 2008

July 28, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that it will release its financial results for the three month period ended June 30, 2008 after the market close on Monday, August 11. The Company will also host a conference call and simultaneous webcast at 2:00 p.m. Pacific on Monday, August 11, at which time management will both review additional details of the second quarter 2008 financial results and discuss the progress of the business.

The 2008 second quarter results press release, interim financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, after the market close on Monday, August 11. This information will also be available on www.sedar.com on Tuesday, August 12.

The conference call number is 416-695-6272, or toll free at 800-766-6630; please call five minutes in advance to ensure that you are connected prior to the presentation. The call may also be accessed via the Internet at www.gcgaming.com; please allow 15 minutes for both registration and the installation of any necessary software. Questions will be reserved for analysts and investors. Following completion of the call, a replay will be available until August
18, 2008. This replay can be accessed by dialing 416-695-5800, or toll free at 800-408-3053 (Passcode: 3267813). A replay of the call will also be available at www.gcgaming.com.

For further information, please contact:

Company Media Investor Relations
Thomas Bell Howard Blank Richard Land, Dave Jacoby
(604) 303-1000 (604) 512-6066 Jaffoni & Collins
tbell@gcgaming.com
Fax: (604) 279-8605 (212) 835-8500
gcd@jcir.com

GREAT CANADIAN GAMING TO PRESENT AT OPPENHEIMER’S 8TH ANNUAL CONSUMER GROWTH/GLL CONFERENCE

July 3, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that its Chief Financial Officer, Milton Woensdregt, will present an overview of the Company at Oppenheimer’s 8th Annual Consumer Growth/GLL Conference in Boston at 4:10PM Eastern time on July 10, 2008.

Mr. Woensdregt will review the Company’s strong market fundamentals and robust development pipeline, in addition to discussing opportunities, areas of focus, and challenges for
2008. Please visit www.gcgaming.com (select “Investor Relations>Conference Calls”) to access a webcast of the presentation, or access it directly at: http://www.veracast.com/webcasts/opco/consumer08/59314131.cfm. After the broadcast, an archived version will be available for 90 days. Website visitors will also be able to view a copy of the Company’s updated Investor Presentation for July 2008 (select “Investor Relations>Investor Presentation”).

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION “Original signed by Thomas Bell”

Thomas Bell
Vice President, Corporate Development and Investor Relations

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #200 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Fax: (604) 279-8605
Website: www.gcgaming.com

For investor enquiries: Mr. Thomas Bell
Vice-President, Corporate Development & Investor Relations or
Mr. Richard Land or Mr. David Jacoby
Jaffoni & Collins Incorporated
(212) 835-8500, GC@jcir.com

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

GREAT CANADIAN GAMING FIRST QUARTER PRODUCES 5% IMPROVEMENT IN REVENUES, 6% IMPROVEMENT IN EBITDA

May 12, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”)
announces its financial results for the quarter ended March 31, 2008.

CLICK TO READ >> GC_Press_05-12-08

GREAT CANADIAN GAMING PROVIDES SUMMARY OF COMMENTS MADE BY COO VINCENT TRUDEL AT CANADIAN GAMING SUMMIT

May 1, 2008 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced that Chief Operating Officer Vincent Trudel participated today in a panel discussion at the annual Canadian Gaming Summit at the Palais des Congrès, Montréal, Quebec.

In addressing analysts and industry peers during the panel titled “Canadian Gaming Industry CEO Roundtable,” Mr. Trudel discussed both the current Canadian gaming landscape and Great Canadian’s resulting opportunities. His comments are summarized below:

• On a macro-basis, Mr. Trudel stated that based on visitation levels, gaming volumes, and other market indicators, Canadian gaming jurisdictions in general have yet to witness a negative impact due to economic conditions. This stands in contrast to many American regional and major market jurisdictions, where recent economic conditions have combined to produce a revenue downturn. Mr. Trudel stated the Canadian gaming market is an independent one, and that he anticipates this will remain the case.

• Relative to other more established gaming markets such as the U.S. and Australia, the Canadian gaming market is still in its formative stages and as such continues to both record strong growth and possess attractive characteristics for future growth. A stable real estate market, improving player demographics, and an increasing yet controlled supply of quality casino properties are among the factors contributing to this trend.

• The Canadian gaming operators and the provincial crown corporations in each province benefit from a regulatory structure that provides for limited competition through measured supply growth. In addition, in several markets, operators, their provincial partners and gaming patrons benefit from the development of properties made possible by a capital expenditure reimbursement model.

• Reflecting these trends and favorable market characteristics, Great Canadian has established a diverse pipeline of development projects. This pipeline aligns with the vision of provincial partners, who are seeking to develop higher quality properties featuring exceptional entertainment amenities that are appropriately sized to serve increasing levels of patronage. As an example, Great Canadian is in the process of developing new parking, hotel and other non-gaming offerings at one of its flagship properties, River Rock Casino Resort, to coincide with the expected high level of visitation associated with the 2010 Vancouver Olympics.

Mr. Trudel possesses 26 years of regional casino and lottery management experience in Canada and Europe. Prior to joining Great Canadian in 2006, Mr. Trudel served as General Manager of Société des Loterie Vidéo, a subsidiary of Loto-Québec, and was General Manager for Grupo Perelada, a privately-held Spanish company operating in various sectors including

gaming and hospitality. In 1992, Mr. Trudel developed the initial proposal for the Casino de Montreal in Québec, Canada. Once approved, Mr. Trudel was named President of the newly created Société des Casinos du Québec, a subsidiary of Loto- Québec. Mr. Trudel served in this capacity until 1998, and was responsible for the development, implementation and operation of the three casinos in the province.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION “Original signed by Thomas Bell”

Thomas Bell
Vice President, Corporate Development and Investor Relations

GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #200 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Fax: (604) 279-8605
Website: www.gcgaming.com

For investor enquiries: Mr. Thomas Bell
Vice-President, Corporate Development & Investor Relations or
Mr. Richard Land or Mr. David Jacoby
Jaffoni & Collins Incorporated
(212) 835-8500, GC@jcir.com

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

DISCLAIMER
This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non- realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including in the “Risks Factors” section of the Company’s Annual Information Form for fiscal 2006, or as identified in the Company’s disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.