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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.

The company is the operator of over two dozen casino properties across four provinces, including nine properties within BC.

It also operates most casino properties in the Lower Mainland, including River Rock Casino, Hard Rock Casino Vancouver, Hastings Racecourse & Casino, Chances Maple Ridge, and Elements Casino locations in Surrey and Chilliwack.

Hard Rock Casino Vancouver in Metro Vancouver is home to unparalleled entertainment, dining and gaming offerings. With an 80,000 square foot casino floor, Hard Rock Casino Vancouver offers more than 950 interactive slot machines and popular table games such as Blackjack, Roulette, Baccarat, Poker, Pai Gow, Craps, VIP high limit salons and more. Located at River Rock Casino Hotel, this property features live entertainment, a casino and 5 restaurants. Vancouver International Airport is 10 minutes’ drive away. Free WiFi is available throughout the property. A flat-screen cable TV and large windows are found in each modern, decorative room of River Rock Casino Hotel. Hard Rock Casino Vancouver is home to everything you go out for! Unparalleled entertainment, gaming, and restaurant options make us the perfect choice for anyone looking for things to do in Vancouver. Our gaming floor offers 951 slot machines and a number of table gameslike blackjack, roulette, baccarat, and pai gow. RIVER ROCK CASINO RESORT is a Four Diamond Resort featuring 396 rooms and Suites, Executive Club Floors and 10 spacious Penthouse Suites. It also boasts an Absolute Spa, Fitness Center, huge Swimming Pool with Water Slide, and a boardwalk and Marina. Located 20 minutes from downtown Vancouver, easily accessible by the Canada Line. The resort offers diverse dining choices to please and pamper. Western Canada's only AAA Four Diamond Casino Resort. Visit the River Rock Casino Resort in Richmond BC for an unrivaled, ultimate entertainment experience. At this time, River Rock Casino Resort does not yet have approval to reopen Casinos in the Province of BC and therefore the date that we will be reopening our resort is yet to be determined.

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The acquisition price was a 59% premium to the 30-day volume-weighted average price as of November 9.

Following the conclusion of the deal, Great Canadian will remain headquartered in Toronto, led by a Canadian management team and board of directors.

Apollo, based in New York, states it has experience in investing in companies in highly regulated industries, including the casino business. The American investment firm intends to maintain Great Canadian’s current locations and expand its footprint over the medium- and longer-term.

Hotel River Rock Casino Vancouver Bc Canada

“Great Canadian is a leader in the gaming and entertainment industry and, based on our experience and knowledge of the space, we see opportunities to work with their talented team to drive additional growth and value,” said Alex van Hoek, partner at Apollo, in a statement.

“With an industry-leading portfolio of assets and established presence in the best geographic markets across Canada, we are excited to help bring an enhanced experience to more guests across Canada.”

The casino operator has been battered by COVID-19 health safety closures across the enterprise, with no end in sight leading to the reopening of its properties. Within British Columbia, Great Canadian is also at the centre of a money laundering inquiry, specifically with its operations of the flagship River Rock Casino.

“We are pleased that this transaction represents a great opportunity for our shareholders, while continuing to support the success of the business longer term. We believe this transaction is beneficial for our shareholders, our team members, our guests, and other stakeholders as we continue to execute on our operational and development plans into 2021 and beyond, while we navigate through this volatile time,” said Rod Baker, the CEO of Great Canadian.

“In addition, we believe Apollo’s extensive experience in the gaming sector will provide additional strategic benefits to help expand our gaming and hospitality offerings and to secure our position as a long-term market leader.”

The acquisition requires not only the approval of shareholders but also various approvals by provincial and federal regulators and the Supreme Court of BC. The deal is expected to close in the second quarter of 2021.

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Hard Rock Casino Vancouver (formerly Boulevard Casino) in Coquitlam, British Columbia is the largest casino in the province of British Columbia by gaming space. The casino is open 24 hours a day, is owned by Great Canadian Gaming, and features:

Hard Rock Casino Vancouver Bc

• 80,000 sq ft (7,400 m²) casino
• 1000 slot machines
• 70 table games including blackjack, roulette, baccarat, craps, etc.
• Poker room (5 tables)
• High-limit room with 10 tables for baccarat and 2 private tables.
• 1,600-vehicle 6-level parkade as well as an outside parking lot.

According to their 2006-07 annual report, Boulevard Casino was the third most profitable gaming venue in B.C., bringing in more than $158 million for the year (up $28.9 million over the previous year).^[1] The increase is attributed to the new show theatre, where the casino sees up to 5,000 guests on show nights.

The funding agreement with the province means the casino must give 10% of its net take to the city of Coquitlam. In 2010 Coquitlam received $8.2 million,^[2] which the city put into a community group fund and into major capital projects, such as the new Chimo Aquatic and Fitness Centre in 2008, the Percy Perry Stadium renovation in 2009, the Coquitlam Sports Centre renovation in 2010, and the new City Centre Public Library in 2011.

The casino re-branded itself as Hard Rock Casino Vancouver on December 20, 2013 after an agreement with the Seminole Tribe of Florida which owns the Hard Rock Cafe, Inc. and is the legal the franchisor and owner of the Hard Rock brand.

Amenities[edit]

As part of the 2006 expansion, the new 1,074-seat The Molson Canadian Theatre was opened on-site. The casino features seven additional food and drink venues, including:

• Asylum (Bar/Restaurant with Stage)
• Unlisted (Lounge/Restaurant)
• Neptune Chinese Kitchen (Upscale Chinese Cuisine)
• Fu Express (QSR - Asian Cuisine)
• Chip's (QSR - Gourmet Sandwiches)
• Roadies' (QSR - Gourmet Burgers)
• Fuel Cafe (QSR - Coffee and Snacks)

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References[edit]

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1. ^The Tri-City News: Coquitlam casino third in cash revenuesArchived 2007-09-29 at the Wayback Machine
2. ^The Tri-City News: New library branch for Coquitlam City CentreArchived 2011-02-21 at the Wayback Machine 17 February 2011

River Rock Casino Hotel Vancouver Bc

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Coordinates: 49°13′38″N122°50′14″W / 49.227306°N 122.837158°W