Category Archives: IR Press Releases

Great Canadian Gaming Named Executives Adopt Automatic Securities Disposition and/or Purchase Plans

December 21, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announced today that the following Named Executives, have each adopted automatic securities disposition and/or purchase plans (“Automatic Plans”) in accordance with guidance under Ontario Securities Commission Staff Notice 55‐701 (the “Guidance”), and the Company’s Insider trading policies.

Canadian securities legislation permits the Named Executives to adopt written Automatic Plans to sell, purchase or otherwise transfer shares in the future (including upon exercise of stock options) according to the Automatic Plan on an automatic basis regardless of any subsequent material non‐public information they receive.  READ MORE

GREAT CANADIAN GAMING ANNOUNCES APPOINTMENT OF CFO

November 28, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces that Mr. Andreas M. Thompson has been appointed Chief
Financial Officer (“CFO”) of the Company. Mr. Thompson joined the Company as a
financial consultant on September 19, 2016. The Board of Directors welcomes him to his
new executive role as CFO.

READ MORE

Great Canadian Gaming Insider Intends to Sell Shares

November 17, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Corporation”) announces today that Neil W. Baker (the “Insider”) has entered into a secondary offering with Canaccord Genuity Group Inc. (“Genuity”) whereby the Insider has agreed to sell 6 million common shares of the Corporation and, in addition, grant Genuity an option to increase the secondary offering by an additional 2 million common shares all at a price of $23.25 per common share.

READ MORE

GREAT CANADIAN GAMING ANNOUNCES THIRD QUARTER 2016 RESULTS

November 8, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian,” or “the Company”) today announced its financial results for the three month period ended September 30, 2016 (the “third quarter”).

THIRD QUARTER 2016 HIGHLIGHTS

  • Revenues of $151.2 million, increased by 30% when compared to the same period in the prior year.
  • Adjusted EBITDA(1) of $62.9 million, increased by 32% when compared to the same period in the prior year.
  • Shareholder’s net earnings of $26.9 million, increased by 23% when compared to the same period in the prior year.
  • Adjusted shareholders’ net earnings(1) of $27.4 million, increased by 21% when compared to the same period in the prior year. Adjusted shareholders’ net earnings(1) per common share of $0.45 cents, increased by 32% when compared to the same period in the prior year.
  • Construction of the new Shorelines Casino in Belleville, Ontario targeted to reach completion by the end of 2016.
  • The Company submitted a bid on the Request for Proposal (“RFP”) for Ontario Lottery and Gaming Corporation’s (“OLG”) Gaming Bundle 4 (Southwest) and has recently been pre-qualified to submit an RFP for OLG’s Gaming Bundle 6 (West GTA) and Gaming Bundle 1 (Ottawa).
  • The Company has, subject to applicable gaming regulatory registration requirements, engaged Andreas Thompson to the role of Chief Financial Officer. Mr. Thompson’s appointment will become effective upon receipt of regulatory approvals which are anticipated to be received by the end of 2016.

READ MORE

GREAT CANADIAN GAMING TO REPORT THIRD QUARTER 2016 RESULTS ON NOVEMBER 8

October 21, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announced that it will release its financial results for the three month period ended September 30, 2016 (the “third quarter”) after market close on November 8, 2016. 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.

READ MORE

View Royal Casino to Undergo Extensive Redevelopment

September 20, 2016, Vancouver, B.C., – Great Canadian Gaming Corporation [TSX: GC] and BCLC have announced plans to enhance gaming and entertainment options at the View Royal Casino. The planned upgrades are designed to respond to the growth opportunity in the Greater Victoria marketplace.

Since 2001, the View Royal Casino has been providing casino entertainment in the Greater Victoria area.

READ MORE

GREAT CANADIAN GAMING INSIDER INTENDS TO TRANSFER COMMON SHARES

September 7, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX: GC] (“Great Canadian” or “the Company”) today announced that Peter G. Meredith, the Chairman of the Company, has given notice that he intends to gift up to 70,000 of his Great Canadian common shares within the next 30 days. This represents up to 60% of his holdings and value in Great Canadian securities which includes common shares and Deferred Share Units.

The Company has in place policies that are designed to provide transparency to the public about an insider’s intention to trade in the Company’s securities.

READ MORE HERE ► 

GREAT CANADIAN GAMING ANNOUNCES SECOND QUARTER 2016 RESULTS

August 10, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian,” or “the Company”) today announced its financial results for the three
month period ended June 30, 2016 (the “second quarter”).

SECOND QUARTER 2016 HIGHLIGHTS

  • Revenues of $140.2 million, a 25% increase when compared to the same period in the prior year.
  • Adjusted EBITDA(1) of $55.3 million, an 18% increase when compared to the same period in the prior
    year.
  • Adjusted shareholders’ net earnings(1) of $23.7 million, a 19% increase when compared to the same
    period in the prior year.
  • Repurchased and cancelled 4.7 million common shares at an average price of $17.57, increasing the
    ownership percentage of existing shareholders by 7.8%.
  • Construction is proceeding ahead of schedule for a new Shorelines Casino in Belleville, Ontario. The
    Company anticipates completing construction of this property by the end of 2016.

READ MORE HERE ► 

GREAT CANADIAN GAMING TO REPORT SECOND QUARTER 2016 RESULTS ON AUGUST 10

July 21, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announced that it will release its financial results for the three month period ended June 30, 2016 after market close on August 10, 2016. 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 following senior management will be available to answer analyst and investor questions:

  • Mr. Rod N. Baker, President & Chief Executive Officer
  • Mr. Terrance Doyle, Chief Operating Officer

READ MORE HERE

GREAT CANADIAN GAMING NAMED EXECUTIVES ADOPT AUTOMATIC SECURITIES DISPOSITION AND/OR PURCHASE PLANS

July 6, 2016 – Coquitlam, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announced today that the following Named Executives, have each adopted automatic securities disposition and/or purchase plans (“Automatic Plans”) in accordance with guidance under Ontario Securities Commission Staff Notice 55‐701 (the “Guidance”), and the Company’s Insider trading policies.

READ MORE HERE