Category Archives: IR Press Releases

GREAT CANADIAN GAMING ANNOUNCES ELECTION OF DIRECTORS

June 17, 2015 – Richmond, BC

Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announces that at its annual general and special meeting of shareholders held on June 16, 2015 (the “Meeting”), all directors nominated as listed in the information circular dated May 4, 2015 were elected. The detailed results are as follows:

 

Votes

 

As a ballot was not required for the election of the directors, the number of votes disclosed reflects only the proxies received by management of the Company in advance of the Meeting.

At the Meeting, the Shareholders of the Company also reappointed Deloitte LLP as the auditors of the Company and approved the continuation of the Company’s 2007 Share Option Plan. A detailed report on the voting results is filed on www.sedar.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 16 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 nine casinos, including one with a Four Diamond resort hotel. As of March 31, 2015, the Company had approximately 3,900 employees in Canada and 500 in Washington State. Further information is available on the Company’s website, www.gcgaming.com.

Great Canadian Gaming –Announces Election of Directors

 

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

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. Chuck Keeling
Vice-President, Stakeholder Relations and Responsible Gaming
(604) 247-4197

GREAT CANADIAN GAMING TO BUY BACK SHARES FROM THE ESTATE OF ROSS McLEOD

May 25, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announces today that it has entered into an agreement with a company controlled by the Estate of Ross J. McLeod (the “Estate”) to purchase 3,400,000 common shares of the Company (the “Estate Shares”). The purchase price is $77.7 million or $22.8545 per share. The Estate Shares represent approximately 4.88% of the current number of outstanding common shares. Ross J. McLeod was a director and officer of the Company who passed away in 2011.

The completion of the purchase of the Estate Shares is subject to the receipt of all required gaming regulatory approvals and the receipt of an order from the Canadian securities regulators exempting the purchase from the issuer bid requirements of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids (“MI 62-104”). There can be no assurance that the approvals and order will be obtained by the closing deadline of June 24, 2015 (or any permitted extension).

MI 62-104 contains an exemption, section 4.7, from the issuer bid requirements to permit the purchase of shares from a former employee, executive officer or director of the issuer. The purchase price for the Estate Shares is at a discount to the market price of the shares calculated in compliance with the requirements of section 4.7 (a 20 day average) and the number of Estate Shares is below the maximum number of shares that may be purchased under that section. But for the fact that the Estate Shares are now controlled by the estate of the deceased officer and director, the purchase would comply with the provisions of section 4.7 of MI 62-104.

Once purchased, the Estate Shares will be cancelled. Shareholders should review their holdings and determine whether, after cancellation of the Estate Shares, the number of shares they hold would trigger a requirement to register with a gaming authority. The registration requirements are set out in the Company’s articles, a copy of which is available under the Company’s profile at www.SEDAR.com.

“The shares we are purchasing represent approximately one-half of the remaining shares held by the Estate. We are only able to purchase these shares on an exempt basis and the number being acquired is generally the maximum number that we are permitted to purchase under the exemption in section 4.7 of MI 62-104” said Rod N. Baker the President and CEO of the Company. “We think this is an excellent opportunity to increase the economic interest of our shareholders in the Company and a good use of our cash to increase shareholder value. We have sufficient cash reserves and credit facilities to purchase the Estate Shares and move forward with our planned expenditures including the purchase of Casino New Brunswick.”

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 16 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 nine casinos, including one with a Four Diamond resort hotel. As of March 31, 2015, the Company had approximately 3,900 employees in Canada and 500 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 and the timing and terms of the purchase of shares from the Estate of Ross J. McLeod. 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: the obtaining of all required approvals to purchase the Estate Shares and the benefit of that may accrue to shareholders of the Company; 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 outcome of restructuring of gaming in Ontario; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; the future of horse racing in Ontario; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; possible reassessments of the Company’s prior tax filings by tax authorities; 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; economic uncertainty and financial market volatility; technology dependence; and privacy breaches or data theft. The Company cautions that this list of factors is not exhaustive. 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 year 2014, 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 and financial 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 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

GREAT CANADIAN GAMING ANNOUNCES AGREEMENT TO PURCHASE CASINO NEW BRUNSWICK

May 12, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or “the Company”) announced today that the Company has agreed to purchase the assets and undertaking of Casino New Brunswick (“CNB”) from Sonco Gaming New Brunswick Limited Partnership (“Sonco”), whose general partner is Sonco Gaming New Brunswick Limited, for approximately $95 million. The Company’s acquisition, which will be funded by existing cash balances, will include ownership and operation of CNB’s existing casino, hotel and a multi-use entertainment and convention centre. CNB, located in Moncton, New Brunswick, was developed by Sonco and commenced operations in May 2010. In 2014, the facility, which is the only full service casino in the province of New Brunswick, generated approximately $38 million in revenues. The purchase price represents an acquisition multiple of approximately 8.0x – 8.5x the casino’s 2014 normalized EBITDA.

“The acquisition of Casino New Brunswick represents an important opportunity for value creation and will allow Great Canadian to further expand its Canadian footprint,” stated Rod N. Baker, the Company’s President and Chief Executive Officer. “We are very much looking forward to the potential of working with the New Brunswick Lotteries and Gaming Corporation, the Department of Public Safety Gaming Control Branch and the City of Moncton. Casino New Brunswick is a high-quality gaming and entertainment facility that serves as both a local casino for guests from Moncton as well as a destination casino for guests from throughout New Brunswick and from other areas of Atlantic Canada. We are extremely excited at the prospect of welcoming CNB and its over 400 employees to the Great Canadian team.”

The Casino Service Provider Agreement with the New Brunswick Lotteries and Gaming Corporation operates until December 31, 2030. The purchase and sale of CNB remains subject to the consent of the New Brunswick Lotteries and Gaming Corporation and required regulatory approvals. The closing is expected to occur in the fall of 2015.

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 16 gaming properties consist of three community gaming centres, four racetracks, and ten casinos, including one with a Four Diamond resort hotel.

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 objectives, expected future expenditures, costs, operating and financial results, expected impact of future commitments, and 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 services agreements with lottery corporations; changes to gaming laws that may impact the operational services agreements, pending, proposed or unanticipated regulatory or policy changes; the outcome of restructuring of gaming in Ontario; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; the future of horse racing in Ontario, unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; possible reassessments of the Company’s prior tax filings by tax authorities; 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; economic uncertainty and financial market volatility; technology dependence; and privacy breaches or data theft. The Company cautions that this list of factors is not exhaustive. 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 2014, 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.
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, impairment reversal of long-lived assets, restructuring and other, and foreign exchange gain and other. EBITDA is derived from the statements of earnings, and can be computed as revenues less human resources expenses, and property, marketing and administration expenses. The Company believes EBITDA is a useful measure because it provides information to management about the operating and financial performance of the company and its ability to generate operating cash flow to fund future working capital needs, service outstanding debt, and fund future capital expenditures. EBITDA is also used by the investors and analysts for the purpose of valuing the Company. Normalized EBITDA, as defined by the Company, means EBITDA plus or minus items of note that management may reasonably quantify and that it believes will provide the reader with a better understanding of the company’s underlying business performance. Items of note may vary from time to time and may include adjustments for certain costs that are not expected to continue subsequent to acquisition and for anticipated revenues based on recent casino operating agreement amendments.

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

For media enquiries:
Mr. Chuck Keeling
Vice-President, Stakeholder Relations and Responsible Gaming
(604) 303-101

 

GREAT CANADIAN GAMING WITHDRAWS CONSENT SOLICITATION WITH RESPECT TO 6.625% SENIOR UNSECURED NOTES

May 8, 2015 – Richmond, BC –  Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announces today that it has elected to withdraw its solicitation of consents (the “Consent Solicitation”) from holders (“Holders”) of its 6.625% Senior Unsecured Notes in the principal amount of $450,000,000 due July 25, 2022 (the “Notes”) to effect certain amendments to the indenture governing the terms of the Notes (the “Proposed Amendments”) as set out in the Consent Solicitation Statement dated April 27, 2015.

Any Holder who has delivered a valid consent in respect of the Proposed Amendments (“Consent”) will have such Consent voided and such Holders will not receive any fees from Great Canadian relating to the Consent Solicitation, including, for greater certainty, the Consent Fee described in the Consent Solicitation Statement. Great Canadian will not amend the indenture governing the terms of the Notes as set out in the Consent Solicitation Statement.

 

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 three community gaming centres, four racetracks, and ten casinos, including one with a Four Diamond hotel resort. As of March 31, 2015, the Company had approximately 3,900 employees in Canada and 500 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. 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 outcome of restructuring of gaming in Ontario; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; the future of horse racing in Ontario; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; possible reassessments of the Company’s prior tax filings by tax authorities; 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; economic uncertainty and financial market volatility; technology dependence; and privacy breaches or data theft. The Company cautions that this list of factors is not exhaustive. 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 year 2014, 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 and financial 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 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

GREAT CANADIAN GAMING ANNOUNCES FIRST QUARTER 2015 RESULTS

May 6, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian,” or “the Company”) today announced its financial results for the three month
period (the “first quarter”) ended March 31, 2015.

FIRST QUARTER 2015 HIGHLIGHTS

– Revenues of $108.0 million in the first quarter, a 4% increase when compared to same period in the prior year.

– EBITDA(1) of $41.1 million in the first quarter, an 8% increase when compared to the same period in the prior year.

– Adjusted net earnings(1) of $16.9 million in the first quarter, a 27% increase, when compared to the same period in the prior year.

– First quarter revenues at River Rock Casino Resort increased by 3% to $47.4 million.

– First quarter revenues and EBITDA at Hard Rock Casino Vancouver increased by 6% and 41%, respectively, to $13.4 million and $4.1 million.

READ MORE HERE

GREAT CANADIAN GAMING INITIATES CONSENT SOLICITATION WITH RESPECT TO 6.625% SENIOR UNSECURED NOTES TO ALLOW INCREASED FINANCIAL FLEXIBILITY

April 27, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great Canadian” or the “Company”) announces today that it will commence a solicitation of consents (the “Consent Solicitation”) to amend the trust indenture (the “Indenture”) governing its 6.625% Senior Unsecured Notes in the principal amount of $450,000,000 due July 25, 2022 (the “Notes”).

The purpose of the Consent Solicitation is to obtain approval for certain amendments to the Indenture (the “Proposed Amendments”) which, if approved, would provide the Company with greater flexibility to make payments that would be otherwise restricted under the terms of the Indenture. The increased flexibility would allow the Company, amongst other things, greater freedom during the remaining 7-year term of the Notes to repurchase its common shares, pay cash dividends on all of its capital stock and make distributions to its shareholders. While it is always evaluating its options, the Company has no immediate plans to repurchase its securities (other than, if market opportunities arise, the amount of common shares permitted under its normal course issuer bid), pay dividends or make other distributions to its shareholders.

The Consent Solicitation will be open until 5:00 p.m. (Eastern Time) on May 8, 2015, unless extended or cancelled by the Company. The record date for purposes of the Consent Solicitation is April 24, 2015.

Provided the Proposed Amendments are implemented, the Company will pay a one-time consent fee equal to $5.00 per $1,000 principal amount of the Notes to holders who validly consent to the Proposed Amendments by the expiration date of the Consent Solicitation.

A full description of the Proposed Amendments, along with the terms and conditions of the Consent Solicitation, will be set out in a consent solicitation statement (the “Consent Solicitation Statement”) that will be mailed to holders of the Notes and filed on SEDAR. The Proposed Amendments require the consent of the holders of at least a majority of the principal amount of the outstanding Notes.

Beneficial owners of Notes that are held in the name of a broker, dealer, commercial bank, trust company or other intermediary, or in the name of a clearing agency of which
such intermediary is a participant, should contact such intermediary promptly and obtain and follow their intermediary’s instructions with respect to the applicable consent procedures and deadlines, which may be earlier than the deadlines set out in the Consent Solicitation Statement.

This press release is neither a solicitation of consents, an offer to purchase the Notes nor a solicitation of an offer to sell securities. The Consent Solicitation is being made solely by the Consent Solicitation Statement.

Requests for assistance in completing an appropriate consent form, requests for copies of the Consent Solicitation Statement, an appropriate consent form or other related documents or questions concerning the terms of the Consent Solicitation should be directed either to the Lead Solicitation Agent, Scotia Capital Inc., at 40 King Street West, 68th Floor, Toronto, Ontario, Canada, M5H 1H1 or by calling Michael Lay, Managing Director & Head of Syndication, at 416-863-7257 (toll free 1(888) 776-3666), or to the Information Agent, D.F. King Canada at 1-800-398-1272.

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 three community gaming centres, four racetracks, and ten casinos, including one with a Four Diamond hotel resort. As of December 31, 2014, 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 and the timing and terms of the Consent Solicitation. 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 outcome of restructuring of gaming in Ontario; the Company’s ability to obtain and renew required business licenses, leases, and operational services agreements; the future of horse racing in Ontario; unanticipated fines, sanctions and suspensions imposed on the Company by its regulators; impact of global liquidity and credit availability; possible reassessments of the Company’s prior tax filings by tax authorities; 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; economic uncertainty and financial market volatility; technology dependence; and privacy breaches or data theft. The Company cautions that this list of factors is not exhaustive. 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 year 2014, 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 and financial 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 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

GREAT CANADIAN GAMING TO REPORT FIRST QUARTER 2015 RESULTS ON MAY 6

April 21, 2015 – 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, 2015 after the market close on May 6, 2015. 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. Kiran S. Rao, Chief Financial Officer
– Mr. Terrance Doyle, Executive Vice President, BC Operations and Development
– Mr. Peter Goudron, Executive Vice President, Strategic Resources
– Mr. Victor Poleschuk, Executive Vice President, Operations-East

The first quarter 2015 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 6, 2015 after 1:10 PM Pacific. This information will also be available on www.sedar.com on May 7, 2015.

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, 778-383-7413 or toll free at 888-390-0546 (Passcode: 01014893). 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 16 gaming properties consist of three community gaming centres, four racetracks, and nine casinos, including one with a Four Diamond resort hotel. Further information is available on the Company’s website, www.gcgaming.com.

Great Canadian Gaming to Report First Quarter 2015 Results on May 6

April 21, 2015 – Page 2
Great Canadian Gaming Corporation
Suite #350 – 13775 Commerce Parkway
Richmond, BC
V6V 2V4
(604) 303-1000
Website: www.gcgaming.com

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

For media enquiries:
Mr. Chuck Keeling
Vice-President, Stakeholder Relations and Responsible Gaming
(604) 303-1018

Great Canadian Gaming Insider Intends to Trade in the Company’s Securities

March 9, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX: GC] (“Great Canadian” or “the Company”) today announced that the following member of management, who is considered an insider of the Company, has given notice that he intends to trade the following Company’s securities within the next 30 days.

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GREAT CANADIAN GAMING ANNOUNCES FOURTH QUARTER AND ANNUAL 2014 RESULTS

March 4, 2015 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“Great
Canadian,” or “the Company”) today announced its financial results for both the three month
period (the “fourth quarter”) and twelve month period (“2014”) ended December 31, 2014.

FOURTH QUARTER AND 2014 HIGHLIGHTS
-Revenues of $115.7 million in the fourth quarter and $446.5 million for the full year, increases of 14% and 10%, respectively, when compared to same periods in the prior year.

-EBITDA(1) of $47.0 million in the fourth quarter and $180.1 million for the year, increases of 34% and 20%, respectively, when compared to the same periods in the prior year.

-Net earnings of $21.6 million in the fourth quarter and $78.4 million for the year.

-Adjusted net earnings(1) of $22.0 million in the fourth quarter and $75.2 million for the year.

-Revenues and EBITDA at River Rock Casino Resort in the fourth quarter increased by 26% and 40%, respectively, to $54.3 million and $31.3 million.

-Revenues and EBITDA at Hard Rock Casino Vancouver in the fourth quarter increased by 2% and 50%, respectively, to $13.3 million and $3.9 million.

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GREAT CANADIAN GAMING ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

February 23, 2015 – 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 5,033,078 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 February 18, 2015, there were 68,929,878 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 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.

“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 February 26, 2015. The bid will end on February 25, 2016 or earlier if the number of shares sought in the issuer bid have been obtained. The Company will not purchase shares during its self-imposed blackout periods and 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 34,220 common shares or 25% of the prior six-month average daily trading volume of 136,878 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.
During the last twelve months, the Company purchased and cancelled 800 common shares at a volume weighted average price of $14.02 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 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 three community gaming centres, four racetracks, and ten casinos, including one with a Four Diamond hotel resort. As of September 30, 2014, 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 and its objectives, expected future expenditures, costs, operating and financial results and expected impact of future commitments. 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.

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 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