The sale is expected to be complete by Fall 2015, but still requires provincial and regulatory approval, CBC News reported. Great Canadian operates Hard Rock Casino Vancouver, Hastings Racecourse & Casino, and River Rock Casino Resort in Metro Vancouver, as well as seven other casinos in B.C. The B.C. Supreme Court approved the plan for Raptor Acquisition Corp., an affiliate of Apollo, to acquire the company’s shares for $45 (Canadian) a piece. On the day Great Canadian released the information about Baker's sale, the company stock was trading as low as $23.24 per share. BRITISH COLUMBIA -- Casino New Brunswick is to be sold to Great Canadian Gaming for $95 million, CBC News reported. Roulette Table at a casino Photo by Getty Images Article content. The casinos that were sold were performing well, profitably generating a gross gaming revenue of more than $1-billion in 2016. Great Canadian Gaming Corp., which owns River Rock Casino & Resort in Richmond, has been approved for sale to a global investment firm, Apollo Global Management. Apollo Global Management Inc is hoping to acquire the company. 's Great Canadian Gaming sells Washington casinos for $56 million The Coquitlam-based company is selling its gaming operations in Everett, Tukwila and Lakewood Author of the article: B.C. Great Canadian Gaming Corp., which owns River Rock Casino & Resort in Richmond, has been approved for sale to a global investment firm, Apollo Global Management. MONCTON, N.B. -- Casino New Brunswick is being sold for $95 million to Great Canadian Gaming Corp. of Vancouver. Under the terms of the agreement, it will acquire all the outstanding shares of Great Canadian Gaming common stock for $39.00 per share in a transaction with a total exceeding $3.3 billion. Great Canadian Gaming Corporation has been acquired by Apollo Global Management in a deal worth CAD $3.3 billion, based on a share price of CAD $39. Apollo’s belief in a strong rebound for the gaming industry was evident in its $1.9 billion takeover bid for Great Canadian Gaming, which was accepted by shareholders at the beginning of the year. Great Canadian Gaming Corporation, which owns Casino New Brunswick may soon have new owners. The company is the operator of over two dozen casino properties across four provinces, including nine properties within BC. Details of the deal were announced earlier this week, the report said. Less than a year later, on August 8th, 2017, shares of Great Canadian Gaming shot up 14.6 per cent, to $29.13, when word broke that the company would be Ontario's next casino business partner.
Lcl Injury Mechanism, Kaizer Chiefs Fixtures 2021, Price Wrong On Shelf, New Jersey City University Football, What Does The Competition And Consumer Act 2010 Do, Nick Cannon Wild 'n Out, Rugby Agde Calendrier, May I Say Something Meaning In Urdu,