Great Canadian Gaming Corp., Brookfield Partners win agreement for 3 GTA casinos

The Ontario Lottery and Gaming Corp. has comparison Great Canadian Gaming Corp. and Brookfield Business Partners LP to run a casinos in a Greater Toronto Area.

Under a deal, Great Canadian and Brookfield would acquire OLG Slots during Woodbine, OLG Slots during Ajax Downs and a Great Blue Heron Casino located in a Mississaugas of Scugog Island First Nation.

The dual companies would also have a disdainful right to work a casinos for a smallest of 22 years.

The 3 locations have a sum of some-more than 4,000 container machines, 60 list games and occupy some-more than 2,200 people.

Shares in Great Canadian, Brookfield peaked after announcement

Great Canadian would work a comforts and reason a 49 per cent seductiveness in a partnership.

Brookfield would also reason a 49 per cent stake, while Clairvest Group Inc. would reason a dual per cent interest.

After a announcement, shares in Great Canadian soared by 14.3 per cent on a Toronto Stock Exchange in early morning trading, while batch in Brookfield was adult 3.4 per cent. 

Great Canadian has 22 gaming properties including 14 casinos, 4 racetrack casinos, 3 village gaming centres, one blurb bingo gymnasium and review hotels in Richmond, B.C., and in Moncton, N.B.

Article source: http://www.cbc.ca/news/canada/toronto/casino-brookfield-woodbine-1.4238676?cmp=rss