Catalyst-backed Gateway Casinos files for U.S. IPO: Reuters

Canadian gaming and entertainment operator Gateway Casinos & Entertainment Ltd has filed for an initial public offering with the U.S. Securities and Exchange Commission to list its shares on the New York Stock Exchange, Reuters reported. The company set a placeholder amount of US$100 million to indicate the size of the IPO. Vancouver-based Gateway, which recorded total revenue of $484.3 million in the first nine months of 2018, said all shares in the IPO will be sold by shareholders and it does not expect to receive any of the net proceeds from the sale. Its biggest investor is Catalyst Capital Group, a Canadian private equity firm, which acquired Gateway in 2010.

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