Catalyst-owned Gateway acquires Playtime Gaming
Gateway Casinos & Entertainment Ltd, a diversified Canadian gaming company, has acquired Playtime Gaming Inc. No financial terms were released. Based in Surrey, British Columbia, Playtime owns and operates six gaming facilities in the province. Gateway said the deal increases its gaming property holdings to 18 in total, and extends its distribution into four new markets, including the Lower Mainland and Vancouver Island. Founded in 1992, Burnaby, British Columbia-based Gateway is a portfolio investment of Canadian private equity firm Catalyst Capital Group. In October, Catalyst raised $2 billion in the close of its fifth distressed-for-control fund, Catalyst Fund LP V.
23 December 2015•3 mins read
