May 12, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the
Company”) today announced its financial results for the three month period (“first quarter of
2011”) ended March 31, 2011.
CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES 2011 FIRST QUARTER RESULTS
April 25, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) and the Chilliwack Bingo Association (“CBA”) jointly announced today that the Company has agreed to purchase the assets and undertaking of the CBA. This acquisition will include both CBA’s existing bingo operations and an approximately five acre site in Chilliwack, British Columbia. The Company intends to utilize this site for the development of a community gaming centre.
Great Canadian will provide further details around this acquisition and its implications at the time of the announcement of its first quarter 2011 results on May 12, 2011.
“The acquisition of Chilliwack Bingo will represent the continued execution of Great Canadian’s disciplined growth strategy,” stated Ross J. McLeod, the Company’s Chairman and Chief Executive Officer. “This acquisition, like our ongoing development in Maple Ridge, provides Great Canadian with an opportunity to service a growing and underserviced market. We look forward to working alongside both the City of Chilliwack and the CBA, as well as the British Columbia Lottery Corporation, in developing a high- quality gaming facility for this municipality.”
“The Chilliwack Bingo Association is very pleased to have reached this agreement with Great Canadian,” added Roy Fraser, the CBA’s Chairman. “Over the last 25 years, the Chilliwack Bingo Association has provided millions of dollars to charities within our community. This transaction not only ensures that these charities will continue to receive this support, but also creates a significant opportunity for an even greater level of contribution to our community.”
The purchase and sale of the CBA’s assets remains subject to approval by Great Canadian’s Board of Directors in addition to customary conditions of closing. These conditions include the completion of a definitive purchase agreement, receipt of required regulatory approvals, and ratification by the membership of the CBA.
ABOUT THE CHILLIWACK BINGO ASSOCIATION
The Chilliwack Bingo Association operates Chilliwack Bingo, a bingo hall located in Chilliwack, British Columbia. During the 2009-2010 fiscal year, Chilliwack Bingo generated the greatest bingo revenues of any facility in the province. Further information is available on the CBA’s website, www.chilliwackbingo.com.
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 CHILLIWACK BINGO ASSOCIATION
“Original signed by Roy Fraser”
Roy Fraser
Chairman
ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
“Original signed by Ross J. McLeod”
Ross J. McLeod
Chairman 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 further information, please contact:
Investor Enquiries: Mr. Nathan Sellyn
Director, Business Development & Investor Relations
(604) 306-0015, nsellyn@gcgaming.com
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.
March 17, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period (“fourth quarter of 2010”) and twelve month period (“2010”) ended December 31, 2010.
CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES FOURTH QUARTER AND ANNUAL 2010 RESULTS_
February 24, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) will release its financial results for the three and twelve month periods ended December 31, 2010 after the market close on March 17, 2011. The Company will also host a conference call at 2:00 PM Pacific on March 17, at which time management will both review the financial results and discuss the progress of the business.
The 2010 fourth quarter and annual 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 March 17, 2011. This information will also be available on www.sedar.com on March 18, 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 March 24, 2011. This replay can be accessed by dialing 416-849-0833, or toll free at 800-642-1687 (Passcode: 44280360). 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
January 25, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today its intention to renew a normal course issuer bid for up to 2,000,000 of its common shares, representing approximately 2.4% of the Company’s outstanding common shares. Purchases will be made subject to opportunities within the market.
As at January 19, 2011, there were 82,872,319 common shares of the Company outstanding. Purchases will be by way of open market purchases through the facilities of the Toronto Stock Exchange (“TSX”), and other Canadian market places, and payment for the shares will be in accordance with the TSX’s by-laws and rules. No purchases will be made other than by means of open market transactions during the term of the normal course issuer bid and conducted at the market price at the time of acquisition. All shares purchased by the Company will be subsequently cancelled.
“This share repurchase program is an important tool for taking advantage of Great Canadian’s secure and flexible financial position,” stated Rod Baker, Great Canadian’s President. “The normal course issuer bid will be employed opportunistically, alongside the Company’s needs for operational cash, in order to improve shareholder value.”
The Company received approval from the TSX to commence this bid on January 27,
2011. The bid will end on January 26, 2012, or earlier if the number of shares sought in the issuer bid have been obtained. The Company reserves the right to terminate the bid earlier if it feels it is appropriate to do so. Pursuant to TSX policies, daily purchases made by the Company will not exceed 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.
During the 12 months under the normal issuer bid that expired on December 14, 2010, the Company did not purchase any common shares. However, 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 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 hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. As of September 30, 2010, 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 Nathan Sellyn”
Nathan Sellyn
Director, Business Development and Investor Relations
GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC V6V 2V4
Phone: (604) 303-1000
Website: www.gcgaming.com
For investment inquiries:
Mr. Nathan Sellyn
Director, Business Development & Investor Relations
(604) 306-0015 nsellyn@gcgaming.com
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 var y 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 2009, 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.
January 13, 2011 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that its Interim Chief Financial Officer, Kiran Rao, will present an overview of the Company at CIBC’s Whistler 2011 Investor Conference. The presentation is scheduled for 11:10AM Pacific time on January 21, 2011.
Mr. Rao will review both the Company’s fundamentals and recent developments. Please visit www.gcgaming.com (select “Investors – Conference Calls & Webcasts”) to access a webcast of the presentation. After the broadcast, an archived version will be available for one year. Website visitors will also be able to access a copy of the Company’s updated Investor Presentation for January 2011 (select “Investor Relations – Investor Presentation”).
ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, five horseracing facilities (three offer slot machines and one offers both slot machines and table games), two community gaming centres, 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 Nathan Sellyn”
Nathan Sellyn
Director, Business Development and Investor Relations
GREAT CANADIAN GAMING CORPORATION [TSX:GC] Suite #350 – 13775 Commerce Parkway
Richmond, BC
V6V 2V4
Phone: (604) 303-1000
Fax: (604) 279-8605
Website: www.gcgaming.com
For investor enquiries: Mr. Nathan Sellyn
Director, Corporate Development and Investor Relations
(604) 303-1000 nsellyn@gcgaming.com
For media enquiries: Mr. Howard Blank
Vice-President, Media & Entertainment
(604) 512-6066
DISCLAIMER
This news release contains forward-looking statements which reflect management’s current expectations regarding the Company’s objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non- realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including in the “Risks Factors” section of the Company’s Annual Information Form for fiscal 2009, 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.
November 10, 2010 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period ended September 30, 2010 (“third quarter of 2010”).
CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES THIRD QUARTER 2010 RESULTS
October 13, 2010 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) will release its financial results for the three month period ended September 30, 2010 after the market close on November 10, 2010. The Company will also host a conference call and simultaneous webcast at 2:00 PM Pacific on November 10, at which time management will both review details of the financial results and discuss the progress of the business.
The 2010 third quarter results press release, interim financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, after the market close on November 10, 2010. This information will also be available on www.sedar.com on November 12, 2010.
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 November 17, 2010. This replay can be accessed by dialing 416-849-0833, or toll free at 800-642-1687 (Passcode: 17920236). A replay of the call will also be available at www.gcgaming.com.
ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, four horseracing facilities (three offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.
For further information, please contact:
Company Media
Nathan Sellyn Howard Blank (604) 306-0015 (604) 512-6066 nsellyn@gcgaming.com hblank@gcgaming.com
August 26, 2010 – Richmond, BC – Great Canadian Gaming Corporation (TSX:GC) (the “Company”) announces that Mr. Milton C. Woensdregt has resigned as Chief Financial Officer of the Company effective August 19, 2010. The Company thanks Mr. Woensdregt for his contributions over the past four years and wishes him success in his future endeavours.
Mr. Kiran Rao, currently the Company’s Vice President of Corporate Finance and Controller, has been appointed as Interim Chief Financial Officer, effective immediately. Mr. Rao, an employee of the Company since 2006, is a Chartered Accountant who possesses more than a decade of both domestic and international experience in corporate finance and accounting.
The Company has initiated a search for a permanent Chief Financial Officer, and will consider both internal and external candidates for the position.
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), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. Further information is available on the Company’s website, www.gcgaming.com.
ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
Ross J. McLeod
Chairman 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 further information, please contact:
– 2 –
Investor Enquiries: Mr. Nathan Sellyn
Director, Business Development & Investor Relations
(604) 306-0015, nsellyn@gcgaming.com
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 2009, 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.
August 12, 2010 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period ended June 30, 2010 (“second quarter of 2010”).
CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES SECOND QUARTER 2010 RESULTS RIVER ROCK LEADS REVENUE AND EBITDA IMPROVEMENTS