GCGC Online Gambling Briefing

GCGC Online Gambling Briefing

Lillie Mcguire
Posted on April 07, 2021 at 1:04am

On 5 April 2021, the Great Canadian Gaming Corporation provided a briefing on its previously agreed upon online gambling deal with Raptor Acquisition Corporation. The update stated that the agreement was given the green light from Investment Canada, allowing this casino industry acquisition of the Great Canadian Gaming Corporation.

Founded in 1982, the gaming corporation rose to prominence as it cemented its top spot amongst Canada’s leading casino and online gambling regulators. Under its jurisdiction, the corporation has 26 properties in British Columbia, Ontario, Nova Scotia and New Brunswick. The funds raised by the corporation ae used to support numerous businesses and charity organisations across these provinces.

Finer Details

Raptor Acquisition Corporation is an affiliate of funds managed by associates of Apollo Global Management. This arrangement was greenlit under the Investment Canada Act, which will allow the purchaser to complete the acquisition of the Canadian casino and online gambling operator. The deal’s details are expected to be finalised in the second quarter of 2021.

The arrangement between the two companies was approved by the Supreme Court of British Columbia on 23 December 2020, and from security holders of each company a week later. The agreement between Raptor and the casino regulator was also approved under the Competition Act of Canada.

An Update On Properties

The Canadian casino leader published an update on its gaming properties after Ontario issued direction to suspend operations at some provincial businesses. Following this order, the corporation advised that it would shut down two of its Ontario-based properties, namely Elements Grand River and Shorelines Belleville. It is not known when they will reopen.

Due to the closure of Ontario businesses, the online gambling corporation no longer has any operational venues in the province. All properties in British Columbia remain closed for the time being. Of the 26 properties, just three facilities are operational and are operating under restricted conditions and measures.

Ontario’s Shorelines Peterborough and Shorelines Slots Kawartha Down reopened their doors very briefly in February. Despite operating under strict health and safety protocols, they were required to shut their doors on 7 March under orders of Ontario province.

On 12 February, Casino New Brunswick reopened its doors and has since continued to welcome guests to its premises. Mandatory health and safety measures apply to all guests, such as keeping physical distance and wearing protective face masks. Table games and slots are reduced in volume and player capacity is limited to 50.

Find the GREATEST casino games online. Sign up and PLAY!


More News

Canadian Clothing Brand Supports Autism Month

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
Canadian Clothing Brand Supports Autism Month

Local Laundry, a Calgary-based brand, has renewed its partnership with Kodette LaBarbera, the former reality television star of Hockey Wives of Canada

New Casino Money Laundering Testimonies

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
New Casino Money Laundering Testimonies

The search for answers and accountability remains ongoing as the Cullen Commission continues its inquisition and enquiry into British Columbia’s

PLAYSTUDIOS Commission Huge Bingo Artwork

Lillie Mcguire
Posted on April 09, 2021 at 3:04am
PLAYSTUDIOS Commission Huge Bingo Artwork

Popular casino game developer PLAYSTUDIOS has collaborated with some of the most talented artists that Las Vegas has to offer. The one-of-a-kind artwo

Foot Injury Puts Andreescu Out Of Billie Jean Cup

Lillie Mcguire
Posted on April 08, 2021 at 11:04am
Foot Injury Puts Andreescu Out Of Billie Jean Cup

One of Canada’s brightest and youngest tennis stars, Bianca Andreescu, has announced that the foot injury she sustained during the final of the

Hellmuth Defeats Negreanu In Epic Comeback

Lillie Mcguire
Posted on April 07, 2021 at 1:04am
Hellmuth Defeats Negreanu In Epic Comeback

Few head-to-head matches in the Poker world have been as hotly anticipated as Hellmuth versus Negreanu. For weeks prior to the event, the pair took sh

Casino’s Smart Fish Tank Causes Issues

Lillie Mcguire
Posted on April 07, 2021 at 1:04am
Casino’s Smart Fish Tank Causes Issues

An unconventional casino hack is once again placing new emphasis on the many dangers connected to a world in which devices are capable of communicatin

Study Shows That Dr Google Isn’t All Bad

Lillie Mcguire
Posted on April 01, 2021 at 2:04am
Study Shows That Dr Google Isn’t All Bad

We use Google for everything, from finding the best casino games to diagnosing why we’re feeling under the weather. And while the former is a gr

Alberta Welcomes Evolution

Lillie Mcguire
Posted on April 01, 2021 at 2:04am
Alberta Welcomes Evolution

The Alberta Gaming, Liquor & Cannabis Corporation has revealed that it plans to expand its online casino offerings throughout the province. Made p

Online Gambling Canada Predicted To Hit $8Bn

Lillie Mcguire
Posted on March 18, 2021 at 12:03pm
Online Gambling Canada Predicted To Hit $8Bn

Boston based iGaming mega-corporation DraftKings has made a bold claim. Namely that the sports betting and online gambling Canada industry will genera

Betting Site Canada Company Joins The CGA

Lillie Mcguire
Posted on March 10, 2021 at 6:03am
Betting Site Canada Company Joins The CGA

In online gambling Canada news, the Real Luck Group, which specialises in betting sites Canada, has officially joined the Canadian Gaming Association