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HOME > NEWS > Investor News > Great Canadian Gaming announces the 10-year extension of its Casino Operating Contract in Nova Scotia

Great Canadian Gaming announces the 10-year extension of its Casino Operating Contract in Nova Scotia

23 June 2014

RICHMOND, BC -- (PRESS RELEASE) -- Great Canadian Gaming Corporation [TSX:GC] ("Great Canadian" or "the Company") announced today that it has exercised its renewal option with the Nova Scotia Provincial Lotteries and Casino Corporation ("NSPLCC") to extend the term of the Amended and Restated Operating Contract(AROC) under which the Company operates 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 the Nova Scotia casinos and has committed to make substantial capital investments totaling $10 million in the casino properties in Nova Scotia by the end of 2015. The 10-year extension of the third AROC will be effective July 1, 2015 .

"We wish to thank the NSPLCC and its Board of Directors for their continued confidence in Great Canadian as the operator for the two casinos in Nova Scotia ," said Rod Baker , Great Canadian's President and Chief Executive Officer. "We are excited to continue our relationship with the NSPLCC and look forward to making exciting changes to the properties that will enhance our guests' entertainment experiences while meeting both the social and financial objectives of the Government of Nova Scotia .

Great Canadian has been the operator of the two Nova Scotia casinos since 2005. The combined properties feature dining options, showrooms/ lounges, meeting facilities as well as an exciting selection of the latest casino table games and slot machines.

ABOUT GREAT CANADIAN GAMING CORPORATION

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia , Ontario , Nova Scotia , and Washington State . The Company's 17 gaming properties consist of three community gaming centres, four racetracks, and ten casinos, including one with a Four Diamond hotel resort. As of March 31, 2014 , the Company had approximately 3,900 employees in Canada and 600 in Washington State.

 
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