Category Archives: IR Press Releases

GREAT CANADIAN GAMING ANNOUNCES APPOINTMENT OF CEO

October 11, 2011 ‐ Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announces that Mr. Rod N. Baker has been appointed Chief Executive Officer (“CEO”) of the Company. Mr. Baker has been Interim CEO since the passing of Mr. Ross J. McLeod on September 5, 2011. Mr. Baker has been with the Company since 2008 and has been President since January 2010. The Board of Directors welcomes him to his new executive role as President & Chief Executive Officer.

ABOUT GREAT CANADIAN

Great Canadian Gaming Corporation is a multi‐jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, and Washington State. The Company operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centres, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. As of June 30,
2011, 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.

BY ORDER OF THE BOARD OF DIRECTORS OF GREAT CANADIAN GAMING CORPORATION “Original signed by Earnest C. Beaudin”

Earnest C. Beaudin
Lead Director

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 & CEO and the Interim CFO Phone: (604) 303‐1000

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

DISCLAIMER

This news 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, expected future expenditures, costs, operating and financial results and expected impact of future commitments. 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 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; 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 risk that systems, procedures and controls may not be adequate to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations claims with respect to some Crown 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. 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 2010, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com. The forward-looking information in documents incorporated by reference speak only as of the date of those documents. 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 Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law. The forward-looking information contained herein is made as of the date hereof and is expressly qualified in its entirety by cautionary statements in this news release.

RESIGNATION OF DIRECTOR

September 29, 2011 ‐ Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announces that for personal and family reasons, Mr. Brian E. Egli has resigned from the Company’s Board, effective today, September 29, 2011.

Mr. Egli had been a Director of the Company since June 23, 2010 and had served as an Officer of the
Company and its subsidiaries from September 2000 to May 2010.

ABOUT GREAT CANADIAN

Great Canadian Gaming Corporation is a multi‐jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, and Washington State. The Company operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centres, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. As of June 30, 2011, 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.

BY ORDER OF THE BOARD OF DIRECTORS OF GREAT CANADIAN GAMING CORPORATION “Original signed by Rod N. Baker”

Rod N. Baker
Interim Chief Executive Officer and President

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 Interim CEO & President and the Interim CFO (604) 303‐1000

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

DISCLAIMER

This news 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, expected future expenditures, costs, operating and financial results and expected impact of future commitments. 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 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; 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 risk that systems, procedures and controls may not be adequate to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations claims with respect to some Crown 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. 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 2010, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com. The forward-looking information in documents incorporated by reference speak only as of the date of those documents. 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 Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law. The forward-looking information contained herein is made as of the date hereof and is expressly qualified in its entirety by cautionary statements in this news release.

GREAT CANADIAN INCREASING SHARE BUYBACK PROGRAM

September 8, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by the Company of its intention to amend its current normal course issuer bid to purchase up to an additional 3,844,359 of its common shares. Purchases will be made subject to opportunities within the market.

The amended TSX notice authorizes the Company to, during the twelve month period commencing January 27, 2011 and ending January 26, 2012, purchase up 5,844,359 common shares of the Company representing 10% of the public float. 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. As at September 8, 2011, there were
83,209,993 common shares issued and outstanding.

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
33,609 common shares, or 25% of the average daily trading volume of 134,427 common shares on the TSX, subject to certain prescribed exceptions.

The Company’s Directors and senior officers may 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. The Company will ensure that it is not active in the market at the time such sales occur.

Since January 27, 2011, the Company purchased 1,479,600 common shares under the current normal course issuer bid at a volume weighted average price of $7.16. 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.

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

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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, and Washington State. The Company operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centres, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. As of June 30, 2011, 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.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

“Original Signed By Rod N. Baker”

Rod N. Baker
Interim Chief Executive Officer and President

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 Interim CEO & President and the Interim CFO (604) 303-1000

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

DISCLAIMER

This news 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, expected future expenditures, costs, operating and financial results and expected impact of future commitments. 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 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; 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 risk that systems, procedures and controls may not be adequate to support current and expanding operations; potential undisclosed liabilities and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; First Nations claims with respect to some Crown 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. 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 2010, and as identified in the Company’s disclosure record on SEDAR at www.sedar.com. The forward-looking information in documents incorporated by reference speak only as of the date of those documents. 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 Company undertakes no obligation to publicly revise forward-looking information to reflect subsequent events or circumstances except as required by law. The forward-looking information contained herein is made as of the date hereof and is expressly qualified in its entirety by cautionary statements in this news release.

Chairman, CEO and Founder Passes Away

September 6, 2011 – Richmond, BC – With great sadness the Board of Directors of Great Canadian Gaming Corporation (the “Company”) announces the sudden passing of Ross J. McLeod, the Company’s Founder, Chairman and CEO.

In 1982, Ross founded Great Canadian.

Ross dedicated his life to philanthropy and the betterment of our community from the inception of the
British Columbia gaming industry to the present day.

Ross’ achievements while at the Company included in 1999 receiving the “Outstanding Contribution to Canadian Gaming Industry” award presented to him at the Canadian Gaming Summit in Windsor, Ontario.

In 2007 Ross was honoured with the Ernst & Young Entrepreneur of the Year Award (Hospitality and
Tourism – Pacific Region) for his achievements in the British Columbia hospitality industry.

In 2010, Ross was honoured by the C.H.I.L.D. Foundation when he was awarded and recognized with the prestigious “Doorman of the Year” award for his unsurpassed service to countless BC Charitable Organizations.

Ross will be fondly remembered as leader of over 4,000 employees across Canada, and Washington State, confidant to his executive team and a true visionary for the Canadian gaming and entertainment industry.

The Board of Directors has appointed Mr. Rod N. Baker, the Company’s President, as Interim Chief
Executive Officer to assume Mr. McLeod’s responsibilities.

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation is a multi‐jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia and Washington State. The Company operates ten casinos, four horse racing facilities (three offer slot machines and one offers both slot machines and table games), two community gaming centres, 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 THE BOARD OF DIRECTORS OF GREAT CANADIAN GAMING CORPORATION
“Original Signed by Earnest Beaudin”

Earnest Beaudin
Lead Director

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GREAT CANADIAN GAMING CORPORATION [TSX: GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC, V6V 2V4
(604) 303‐1000
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 Acting CEO and President and the Interim Chief Financial Officer
(604) 303‐1000

GREAT CANADIAN GAMING TO REPORT 2011 SECOND QUARTER RESULTS ON AUGUST 11

July 28, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) will release its financial results for the three month period ended June 30, 2011 (“2011 second quarter”) after the market close on August 11, 2011. 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 2011 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 August 11, 2011. This information will also be available on www.sedar.com on August 12, 2011.

The conference call number is 647-427-7450, or toll free at 888-231-8191 (Passcode:
85306813). The call may also be accessed via the Company’s website. Questions will be reserved for analysts and investors.

Following completion of the call, a replay will be available until August 18, 2011. This replay can be accessed by dialing 416-849-0833, or toll free at 800-642-1687 (Passcode:
85306813). A replay of the call will also be available via the Company’s website.

ABOUT GREAT CANADIAN GAMING CORPORATION
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, and Washington State. The Company operates ten casinos, four horseracing facilities (three offer slot machines and one offers both slot machines and table games), two community gaming centres, 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 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 and the
Interim Chief Financial Officer
(604) 303-1000

GREAT CANADIAN GAMING COMPLETES AMENDMENT AND EXTENSION OF REVOLVING CREDIT FACILITY

July 21, 2011 – Richmond, BC – Great Canadian Gaming Corporation *TSX:GC+ (“the Company”) today announced it has completed an amendment of its February 14, 2007 Credit and Guarantee Agreement (“Credit Agreement”) which covers the terms of its Revolving Credit Facility and Senior Secured Term Loan B. Consequently, the Company’s previous undrawn CAD $200 million Revolving Credit Facility that was to expire on February 14, 2012 has been increased to a maximum limit of CAD $350 million and extended to July 21, 2016. The amount and maturity of the Company’s Senior Secured Term Loan B remain unchanged by this amendment.

The Company’s Senior Secured Term Loan B and its amended Revolving Credit Facility are secured by substantially all of the Company’s and its subsidiaries’ assets, including its contractual arrangements with various provincial gaming corporations. The amended undrawn Revolving Credit Facility will be used for general corporate purposes.

“We have strong relationships with each of our major Canadian banks that have participated in the amended and extended Revolving Credit Facility,” stated Ross J. McLeod, Great Canadian’s Chairman and Chief Executive Officer. “Since 2009, the Company has consistently increased the margins on its financial covenants related to its long-term debt under the Credit Agreement, which has contributed to reduced financing costs. The current capital structure allows the Company to maintain a low weighted average cost of capital and will ensure the Company is poised to take advantage of value-creating opportunities in its chosen markets as they arise.”

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia and Washington State. The Company operates ten casinos, four horse racing facilities (three offer slot machines and one offers both slot machines and table games), two community gaming centres, 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.

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

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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 2010, 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.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
“Original Signed by Rod N. Baker”

Rod N. Baker
President

GREAT CANADIAN GAMING CORPORATION [TSX: GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC, V6V 2V4 (604) 303-1000
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 and the Interim Chief Financial Officer
(604) 303-1000

GREAT CANADIAN GAMING ANNOUNCES NOTICE OF INTENTION

June 10, 2011 – Richmond, BC – Great Canadian Gaming Corporation (TSX:GC) (the “Company”) announced today that No. 179 Corporate Ventures Inc. (“No. 179”), a company controlled by Great Canadian’s Chairman and CEO and founder, Ross J. McLeod, has today filed a notice of intention to distribute securities (Form 45-102F1), in connection with the proposed sale of 6,000,000 common shares to Mr. Neil Baker who currently indirectly owns
4,000,000 common shares of the Company. Mr. McLeod stated as follows:

“The purpose of the sale is to pay down my personal debt and to proceed with my short and long-term estate planning. No voting or other agreements exist between Mr. Baker and myself, except we have a right of first refusal with each other to purchase the first 6,000,000 common shares of the Company disposed of by either of us. On behalf of both myself and Great Canadian, I welcome Mr. Baker’s investment in the Company.”

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, four horseracing facilities (three offer slot machines and one offers both slot machines and table games), two community gaming centres, 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 Ross J. McLeod”

Ross J. McLeod
Chairman and CEO Great Canadian Gaming Corporation

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

For further information, please contact:

Media Enquiries:
Mr. Howard Blank
Vice President – Communications & Entertainment
(604) 512-6066

Investor Enquiries:
ir@gcgaming.com
or
Tanya Ruskowski
Executive Assistant to the President and the Interim Chief Financial Officer
(604) 303-1000

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 2010, 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 COMPLETES ACQUISITION OF CHILLIWACK BINGO ASSOCIATION

June 1, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announced today that the Company has completed its acquisition of the assets and undertaking of the Chilliwack Bingo Association (“CBA”).

The CBA operates Chilliwack Bingo, a bingo hall in Chilliwack, British Columbia. Currently located in a leased facility, Chilliwack Bingo generated the greatest bingo revenues in British Columbia during the 2009-2010 fiscal year, and recorded $0.9 million of EBITDA during the CBA’s 2010-2011 fiscal year.

In addition to Chilliwack Bingo, the CBA’s assets include an approximately five acre site in Chilliwack, which the CBA purchased in 2008 for $6.5 million. The Company intends to use this site for the development of a community gaming centre.

Consideration to the CBA was $10.0 million. The agreement between Great Canadian and the CBA also includes potential additional future consideration over twenty years should the Company successfully develop Chilliwack Bingo into a community gaming centre.

ABOUT GREAT CANADIAN

Great Canadian Gaming Corporation is a gaming and entertainment provider with operations in British Columbia, Ontario and Nova Scotia, and Washington State. The Company operates ten casinos, four racetracks, two community gaming centres, and various associated amenities. Further information is available on the Company’s website, www.gcgaming.com.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
“Original signed by Rod N. Baker”

Rod N. Baker
President

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

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For further information, please contact:

Investor Enquiries: Mr. Nathan Sellyn (604) 306-0015

Media Enquiries: Mr. Howard Blank
Vice-President, Media, Entertainment & Responsible Gaming
(604) 512-6066
Fax: (604) 279-8605

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 2010, 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 REPORT 2011 FIRST QUARTER RESULTS ON MAY 12

May 3, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) will release its financial results for the three month period ended March 31, 2011 after the market close on May 12, 2011. 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 2011 first 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 May 12, 2011. This information will also be available on www.sedar.com on May 13, 2011.

The conference call number is 647-427-7450, or toll free at 888-231-8191. The call may also be accessed via the Company’s website. Questions will be reserved for analysts and investors.

Following completion of the call, a replay will be available until May 19, 2011. This replay can be accessed by dialing 416-849-0833, or toll free at 800-642-1687 (Passcode: 63016574). A replay of the call will also be available via the Company’s website.

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

For further information, please contact:

Investors Media
Nathan Sellyn Howard Blank (604) 306-0015 (604) 512-6066 nsellyn@gcgaming.com hblank@gcgaming.com