Media Briefing by Great Canadian Gaming Corporation

Great Canadian Gaming Corporation image
The ScalesApollo Global Management. Image Credit: Shutterstock

The Great Canadian Gaming Corporation briefed the media regarding its deal with the Raptor Acquisition Corporation.

On 5 April, the Great Canadian Gaming Corporation (GCGC) issued an update on its previously negotiated deal with the Raptor Acquisition Corporation.  The latest briefing revealed that the agreement received the go-ahead from Investment Canada, which would permit the acquisition. 

GCGC was formed in 1982 and has since grown to become one of Canada’s most prominent casino regulators.  The corporation oversees 26 casino venues in Nova Scotia, New Brunswick, British Columbia and Ontario.  The funds generated by the corporation are used to support charitable organisations and businesses in the province.

The Authorised Arrangement

Apollo Global Management heads the Raptor Acquisition Corporation.  The acquisition is being authorised in line with the Investment Canada Act, with details regarding the arrangement to be finalised in the second quarter of 2021. 

On 23 December 2020, the Supreme Court of British Columbia gave its nod to the merger, with both companies’ shareholders greenlighting the arrangements on 30 December 2020.

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Bojan Lipovic - Digital Project Manager

Besides polishing his SEO skills, Bojan has a penchant for creative writing. With over half a decade of experience in the online gambling industry under his belt, his written take on the latest news from the Canadian and global gambling industries is an indispensable source of information for the CASINOenquirer team. Bojan’s primary goal is to ensure that players get a superior experience through the top-notch content that he shares.

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