Clairvest, Great Canadian Gaming win Toronto casino bundle
A vehicle held by Great Canadian Gaming Corp (TSX: GC) and Clairvest Group, a Canadian private equity firm, has been selected to run and develop four Ontario Lottery and Gaming Corp (OLG) gaming facilities in West Toronto. No financial terms were disclosed for the deal, which is expected to close next year. It will see Great Canadian and Clairvest hold 55 percent and 45 percent, respectively, of the partnership operating the facilities, which include over 2,500 slot machines and about 60 table games, and generated revenue of about $450 million in fiscal 2017. Great Canadian joined Brookfield Asset Management in acquiring OLG gaming assets in August.
19 December 2017•5 mins read
