Category Archives: IR Press Releases

GREAT CANADIAN ANNOUNCES RESIGNATION OF VINCENT TRUDEL

December 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation (TSX:GC) (the “Company”) announced today that Vincent G. Trudel has chosen to resign his position as Chief Operating Officer effective December 31, 2009. Mr. Trudel joined the Company in November of 2006 and has been instrumental in implementing the Company’s business rationalization initiatives during 2009. Mr. Trudel has agreed to transition his responsibilities to other executives and continue to assist the Company as a non-exclusive consultant for a period of up to three years.

“Mr. Trudel has been a valuable officer since joining the Company and his efforts have improved our operations from both a financial and a customer service perspective. We look forward to continuing our relationship with Mr. Trudel,” stated Ross J. McLeod, Great Canadian’s Chairman and CEO.

ABOUT GREAT CANADIAN

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

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

Nathan Sellyn
Director, Corporate 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 further information, please contact:
Company:
Mr. Nathan Sellyn
Director, Corporate Development & Investor Relations
(604) 306-0015, nsellyn@gcgaming.com

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

– 2 –
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.

GREAT CANADIAN GAMING ANNOUNCES NORMAL COURSE ISSUER BID

December 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announces its intention to renew a normal course issuer bid for up to 5,783,868 of its common shares, representing approximately 10% of the public float of the Company. Purchases will be made subject to opportunities within the market.

As at December 3, 2009, there were 82,354,059 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 payment for the shares will be in accordance with the TSX’ 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.

The Company received approval from the TSX to commence this bid on December 15, 2009. The bid will end on December 14, 2010 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 43,197 common shares or 25% of the average daily trading volume of 172,789 common shares on the TSX, subject to certain prescribed exceptions.

Under the normal course issuer bid that expired on September 18, 2009, the Company purchased and subsequently cancelled 529,700 of its common shares between September 22, 2008 and October 15,
2008. These common shares were purchased at a weighted-average price of $5.96 per share, excluding commissions, through the facilities of the TSX.

“The flexibility of Great Canadian’s capital structure makes a share repurchase program the ideal tool to better manage the Company’s balance of debt and equity,” stated Nathan Sellyn, Great Canadian’s Director of Corporate Development and Investor Relations. “This normal course issuer bid will allow us to take full advantage of any opportunities for the creation of sustainable shareholder value.”

Big Two Investments Incorporated (“Big Two”), a company controlled by Great Canadian’s Chairman and CEO Ross J. McLeod, has also today filed a notice of intention to distribute securities (Form 45-102F1), with a view to sell up to 500,000 of Great Canadian’s common shares. These shares will be sold through the facilities of the TSX and/or privately for the purpose of tax and estate planning by Mr. McLeod. The normal course issuer bid purchases will not be made at the time any such sales by Mr. McLeod occur.

Other Directors and senior officers of Great Canadian may also 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless the securities are registered in the United States or an exemption from such registration is available.

ABOUT GREAT CANADIAN

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

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

Nathan Sellyn
Director, Corporate 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 investor enquiries: Mr. Nathan Sellyn
Director, Corporate Development & Investor Relations
(604) 306-0015, nsellyn@gcgaming.com

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

GREAT CANADIAN GAMING ANNOUNCES NORMAL COURSE ISSUER BID

December 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announces its intention to renew a normal course issuer bid for up to 5,783,868 of its common shares, representing approximately 10% of the public float of the Company. Purchases will be made subject to opportunities within the market.

As at December 3, 2009, there were 82,354,059 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 payment for the shares will be in accordance with the TSX’ 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.

The Company received approval from the TSX to commence this bid on December 15, 2009. The bid will end on December 14, 2010 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 43,197 common shares or 25% of the average daily trading volume of 172,789 common shares on the TSX, subject to certain prescribed exceptions.

Under the normal course issuer bid that expired on September 18, 2009, the Company purchased and subsequently cancelled 529,700 of its common shares between September 22, 2008 and October 15,
2008. These common shares were purchased at a weighted-average price of $5.96 per share, excluding commissions, through the facilities of the TSX.

“The flexibility of Great Canadian’s capital structure makes a share repurchase program the ideal tool to better manage the Company’s balance of debt and equity,” stated Nathan Sellyn, Great Canadian’s Director of Corporate Development and Investor Relations. “This normal course issuer bid will allow us to take full advantage of any opportunities for the creation of sustainable shareholder value.”

Big Two Investments Incorporated (“Big Two”), a company controlled by Great Canadian’s Chairman and CEO Ross J. McLeod, has also today filed a notice of intention to distribute securities (Form 45-102F1), with a view to sell up to 500,000 of Great Canadian’s common shares. These shares will be sold through the facilities of the TSX and/or privately for the purpose of tax and estate planning by Mr. McLeod. The normal course issuer bid purchases will not be made at the time any such sales by Mr. McLeod occur.

Other Directors and senior officers of Great Canadian may also 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless the securities are registered in the United States or an exemption from such registration is available.

ABOUT GREAT CANADIAN

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

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

Nathan Sellyn
Director, Corporate 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 investor enquiries: Mr. Nathan Sellyn
Director, Corporate Development & Investor Relations
(604) 306-0015, nsellyn@gcgaming.com

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

GREAT CANADIAN GAMING ANNOUNCES 2009 THIRD QUARTER RESULTS ACHIEVES RECORD EBITDA DESPITE REVENUE CHALLENGES

November 12, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period ended September 30, 2009 (“third quarter of 2009”).

CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES 2009 THIRD QUARTER RESULTS ACHIEVES RECORD EBITDA DESPITE REVENUE CHALLENGES

GREAT CANADIAN GAMING TO REPORT 2009 THIRD QUARTER RESULTS ON NOVEMBER 12, 2009

November 5, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that it will release its financial results for the three and nine month periods ended September 30, 2009 after the market close on Thursday, November 12. The Company will also host a conference call and simultaneous webcast at 2:00 p.m. Pacific on Thursday, November 12, at which time management will both review details of the financial results and discuss the progress of the business.

The 2009 third quarter results press release, interim financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, after the market close on Thursday, November 12. This information will also be available on www.sedar.com on Friday, November
13.

The conference call number is 416-644-3430, or toll free at 800-732-0232; please call five minutes in advance to ensure that you are connected prior to the presentation. The call may also be accessed via the Internet (www.greatcanadiancasinos.com/investors/confcalls/); please allow 15 minutes for both registration and the installation of any necessary software. Questions will be reserved for analysts and investors. Following completion of the call, a replay will be available until November 19, 2009. This replay can be accessed by dialing 416-640-1917, or toll free at 877-289-8525 (Passcode: 4181750#). A replay of the call will also be available at www.gcgaming.com.

The Company also announced today that its Chief Financial Officer, Milton Woensdregt, will present at the Deutsche Bank & UBS Gaming Investment Forum in Las Vegas at 10:30 a.m. Pacific on November
16, 2009. Mr. Woensdregt will review the Company’s market fundamentals and 2009 results. A webcast of the presentation may be accessed via the Internet (www.greatcanadiancasinos.com/investors/confcalls/). As of November 16, website visitors will also be
able to access a copy of the Company’s updated Investor Presentation for November 2009.

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

For further information, please contact:

Company Media
Nathan Sellyn Howard Blank (604) 303-6164 (604) 512-6066 nsellyn@gcgaming.com Fax: (604) 279-8605

GREAT CANADIAN GAMING TO PRESENT AT SCOTIA CAPITAL’S BACK TO SCHOOL CONFERENCE ON TUESDAY, SEPTEMBER 22 2009

September 18, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that its Chief Financial Officer, Milton Woensdregt, will present an overview of the Company at Scotia Capital’s Back to School Conference in Toronto at 3:10PM Eastern time on September 22, 2009.

Mr. Woensdregt will review the Company’s market fundamentals, expense reduction initiatives, and current redevelopment projects. 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 September 2009 (select “Investors > 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), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION “Original signed by Nathan Sellyn”

Nathan Sellyn
Director, Corporate 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 2008, or as identified in the Company’s disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.

GREAT CANADIAN GAMING TO PRESENT AT SCOTIA CAPITAL’S BACK TO SCHOOL CONFERENCE ON TUESDAY, SEPTEMBER 22 2009

September 18, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”) announced today that its Chief Financial Officer, Milton Woensdregt, will present an overview of the Company at Scotia Capital’s Back to School Conference in Toronto at 3:10PM Eastern time on September 22, 2009.

Mr. Woensdregt will review the Company’s market fundamentals, expense reduction initiatives, and current redevelopment projects. 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 September 2009 (select “Investors > 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), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated hospitality outlets. Further information is available on the Company’s website, www.gcgaming.com.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION “Original signed by Nathan Sellyn”

Nathan Sellyn
Director, Corporate 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 2008, 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 ANNOUNCES 2009 SECOND QUARTER RESULTS OPERATIONAL EFFICIENCY IMPROVEMENTS DRIVE 9% EBITDA INCREASE

August 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period ended June 30, 2009 (“second quarter of 2009”).

CLICK TO READ >> GREAT CANADIAN GAMING ANNOUNCES 2009 SECOND QUARTER RESULTS OPERATIONAL EFFICIENCY IMPROVEMENTS DRIVE 9% EBITDA INCREASE

GREAT CANADIAN GAMING ANNOUNCES 2009 SECOND QUARTER RESULTS OPERATIONAL EFFICIENCY IMPROVEMENTS DRIVE 9% EBITDA INCREASE

August 10, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (“the Company”) announces its financial results for the three month period ended June 30, 2009 (“second quarter of 2009”).

CLICK TO READ >>  GREAT CANADIAN GAMING ANNOUNCES 2009 SECOND QUARTER RESULTS OPERATIONAL EFFICIENCY IMPROVEMENTS DRIVE 9% EBITDA INCREASE

GREAT CANADIAN GAMING TO REPORT 2009 SECOND QUARTER RESULTS ON AUGUST 10, 2009

July 24, 2009 – Richmond, BC – Great Canadian Gaming Corporation [TSX:GC] (the “Company”)announced today that it will release its financial results for the three and six month periods ended June 30, 2009 after the market close on Monday, August 10. The Company will also host a conference call and simultaneous webcast at 2:00 p.m. Pacific on Monday, August 10, at which time management will both review details of the financial results for the second quarter of 2009 and discuss the progress of the business.

The 2009 second quarter results press release, interim financial statements, and management’s discussion and analysis will be available on the Company’s website, www.gcgaming.com, after the market close on Monday, August 10. This information will also be available on www.sedar.com on Tuesday, August 11.

The conference call number is 416-644-3421, or toll free at 800-731-5319; please call five minutes in advance to ensure that you are connected prior to the presentation. The call may also be accessed via the Internet at www.gcgaming.com; please allow 15 minutes for both registration and the installation of any necessary software. Questions will be reserved for analysts and investors. Following completion of the call, a replay will be available until August 17, 2009. This replay can be accessed by dialing 416-640-
1917, or toll free at 877-289-8525 (Passcode: 21311511#). A replay of the call will also be available at www.gcgaming.com.

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

For further information, please contact:

Company Media
Nathan Sellyn Howard Blank
(604) 303-6164 (604) 512-6066 nsellyn@gcgaming.com Fax: (604) 279-8605