Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Posted 28th May 2015

Great Canadian Gaming’s Acquisition of Casino New Brunswick

Great Canadian Gaming's Acquisition of Casino New Brunswick

Scroll to keep reading

Great Canadian Gaming’s Acquisition of Casino New Brunswick

Great Canadian Gaming’s Acquisition of Casino New Brunswick

View Biography

Leo Raffin, Legal Adviser
to Great Canadian Gaming

Great Canadian Gaming Corp [TSX: GC] has agreed to purchase Casino New Brunswick, a casino, hotel and multi-use entertainment and convention centre located in Moncton, New Brunswick, for about $95 million.

The sellers in the transaction are Canadian private equity firm Clairvest Group, which invested in the company in 2008, and Sonco Gaming New Brunswick Ltd. The deal is expected to close in the fall of 2015, subject to the approval of regulators. In a statement, Clairvest said it expects to receive gross proceeds of about $55 million from the company’s sale. Based in Richmond, British Columbia, Great Canadian Gaming operates gaming facilities in Canada and the United States.

Categories: M&A, Strategy

You Might Also Like

Read Full Post

Leadership

05/01/2022Risk Management and Organisational Effectiveness

Magnifor Consulting is an innovative risk leadership consultancy firm working shoulder-to-shoulder with its clients to maximise the value of uncertainties.

Read Full Post

News

03/06/2024Worker Fatigue and Its Connection to Construction Accidents

Worker fatigue is an overlooked safety hazard on construction sites. Fatigue leads to cognitive mistakes, increased risk-taking, and slower reactions.

Read Full Post

M&A

25/04/2023Best Private Asset Broking Firm 2022 – United Kingdom

Fraser Coutts & Partners is a multi-award-winning specialist private international brokerage and advisory boutique working in the real assets space. Its founder, Fraser Coutts, is an economist, business advisor, and deal broker with over 25 years of experience

Read Full Post

Finance

26/03/2024Tokenization: Transforming the Future of Asset Ownership

In today's digital age, tokenization has emerged as a groundbreaking concept, revolutionizing the way we perceive assets. Tokenization involves representing tangible or intangible assets in digital form using tokens.

Read Full Post

Innovation

21/07/2023Innovation for Efficiency: Unleashing the Potential of Intelligent Battery Management

In 2022, the global market size for battery management systems was USD 7.8 billion and is projected to reach a whopping value of USD 55.

Read Full Post

Finance

21/07/2021Why do so many people invest in FAANG stocks?

There really is no secret as to why these shares are popular. As society becomes ever more tech-centric, it is hard to see their success ending anytime soon.

Read Full Post

Finance

08/04/2015Sterling Bancorp Acquires Damian Services Corporation

Sterling Bancorp Acquires Damian Services Corporation

Read Full Post

Innovation

28/10/20205 Reasons Why the Energy Industry Needs Blockchain

According to Global Market Insights, the adoption of blockchain technology in the energy sector will generate over $3 billion by 2025 owing to an increase in deployment in the power, oil and gas sectors. Lars Rensing, CEO and Co-Founder of enterprise blockchai

Read Full Post

Leadership

04/06/2018Why GDPR is Good for Your Business

Christopher Scott, programme director at The Bunker, talks us through the benefits of GDPR now it is in full force.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS