Government officials OK buy of PE-backed Casino New Brunswick
Great Canadian Gaming Corp has received government approvals for its purchase of Casino New Brunswick, a casino, hotel and multi-use entertainment and convention centre located in Moncton. The deal, valued at about $95 million, is expected to close early next month. The sellers are Canadian private equity firm Clairvest Group and Sonco Gaming New Brunswick LP. Clairvest said it expects to receive gross proceeds of about $55 million from the transaction.
25 September 2015•4 mins read
