Tag Archives: Great Canadian gaming
Canada – Great Canadian posts huge gains in Q2
Great Canadian Gaming saw a 25 per cent revenue jump to $140.2m in its financial results for the three month period ended June 30, 2016. This improvement was due to increases at each of the company’s groups of properties, with the exception of River Rock Casino Resort. The growth at the company’s Atlantic Casinos and…
Canada – Acquisitions boost Great Canadian’s revenues by 20 per cent
Great Canadian generated revenues of $130.9m during the first quarter, a 20 per cent increase from the first quarter of 2015. This improvement was primarily due to the company’s October 2015 acquisition of Casino New Brunswick and January 2016 acquisition of Ontario Lottery and Gaming Corporation’s Gaming Bundle 2 (East), which consists of Shorelines Casino…
Canada – Great Canadian completes first casino bundle deal
Ontario Gaming East Limited Partnership, a partnership in which Great Canadian Gaming Corporation now owns a 90.5 per cent share, completed its previously announced acquisition of Ontario Lottery and Gaming Corporation’s Gaming Bundle 2 (East) for a purchase price of $51.3m. The properties acquired within the East Gaming Bundle consist of Shorelines Casino Thousand Islands,…
Canada – Great Canadian Gaming opens Elements casino
The 40-year-old Fraser Down Racetrack casino has opened to the public as Elements Casino after an $11m upgrade by its owners Great Canadian Gaming. General Manager Michael Kim said: “New table games, new slots and new dining facilities have all parlayed into an entertainment package second to none in the marketplace. The residents of the…
Canada – Great Canadian Gaming secures rights to East Gaming Bundle
Great Canadian Gaming’s joint venture Ontario Gaming East Limited Partnership has won the right to operate gaming facilities in OLG’s Gaming Bundle 2 East. The East Gaming Bundle contains three gaming zones. The first gaming zone includes the township of Cavan Monaghan, the City of Peterborough and surrounding areas, and is currently served by OLG…
Canada – Great Canadian Gaming snaps up Casino New Brunswick
Great Canadian Gaming is buying Casino New Brunswick from Sonco Gaming for $95m. The company’s acquisition, which will be funded by existing cash balances, will include ownership and operation of CNB’s existing casino, hotel and a multi-use entertainment and convention centre. CNB, located in Moncton, New Brunswick, was developed by Sonco and commenced operations in…
Canada – Great Canadian to freshen up Fraser Downs
Great Canadian Gaming Corporation is to give Fraser Downs Racetrack and Casino, located in the heart of Cloverdale, British Columbia, a multi-million dollar renovation. The property redevelopment will commence in the spring and is scheduled to be completed by late 2015. The renovation will encompass all elements of the property including the gaming floor, facility…
Canada – Great Canadian sees 14 per cent improvement
Great Canadian Gaming generated revenues of US$115.7m during the fourth quarter, representing a 14 per cent increase from the fourth quarter of 2013. EBITDA during the fourth quarter was $47m, a 34 per cent increase from the fourth quarter of 2013. EBITDA as a percentage of revenues for the fourth quarter was 40.6 per cent,…
Canada – Great Canadian renews licences in Halifax and Sydney
Great Canadian Gaming has exercised its renewal option with the Nova Scotia Provincial Lotteries and Casino Corporation to extend its operation of the casinos in Halifax and Sydney, Nova Scotia. Under the terms of the contract option extension, the company will have a minimum of 10 years of term certainty as the casino operator of…
