Great Canadian Purchase by U.S. Fund Moves Forward

Sat, Apr 10, 2021

Various Canadian regulatory agencies have approved of the purchase of Great Canadian Gaming Corp. by the U.S.-based Apollo Global Management Inc. Shareholders have approved of the $45 per share buyout.

Great Canadian Purchase by U.S. Fund Moves Forward

The Canadian government’s Investment Canada has approved the purchase of Great Canadian Gaming Corp. by the U.S. fund Apollo Global Management Inc.

The investment fund is paying $45 per share for the company. Seventy-nine percent of shareholders voted to approve of the deal in December. The long involved process of a U.S. company acquiring a Canadian company included an approval late last year by the Supreme Court of British Columbia and determination of legality under the Competition Act.

The purchase is expected to be completed by the second quarter of this year.

Great Canadian operates 26 casinos. Currently three of them are open due to Covid restrictions.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.