Get the latest Apollo Global Management, Inc. (APO-PA) stock news and headlines to help you in your trading and investing decisions. Apollo is a leading alternative investment manager with extensive experience in the gaming sector, including control investments made by its funds to grow and enhance the operations of Aliante, Gala Coral, Gamenet and PlayAGS (formerly American Gaming Systems), collective operations of which span the US, UK and Italy. For more information about Apollo, please visit www.apollo.com. Apollo Acquires Great Canadian Gaming Corp for $2.5 billion. h�bbd```b``�"���:� f��Hf ��d�bYf�����)��^��)�@���z�-6M$�$����� q��&�30�} ` ��
Apollo will pay C$39 per share, C$3.3 billion in total, a 35% premium on closing market price. | Source:
And earlier said that it was interested in acquiring the European assets of William Hill has now bought the Great Canadian Gaming Corp for $2.5 billion. We’re excited for the Company to welcome Great Canadian team members back to work, and we look forward to a time when employment and operations return to pre-COVID levels. Company Announces Government-Mandated Suspension of Operations at Elements Casino Grand River and Shorelines Casino Belleville. Further details regarding the terms of the transaction are set out in the arrangement agreement, which will be publicly filed by Great Canadian under its profile at www.sedar.com. TORONTO, Dec. 30, 2020 /CNW/ - Great Canadian Gaming Corporation (TSX: GC) ("Great Canadian" or the "Company") today announced that it has received approval from the … “We are pleased that this transaction represents a great opportunity for our shareholders, while continuing to support the success of the business longer term. April 15, 2021.
Great Canadian Gaming Corp.’s proposed acquisition by a fund affiliated with Apollo Global Management Inc. has moved a step closer to completion following approval by Investment Canada. ir@gcgaming.com, orMs. 79 0 obj
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April 5, 2021. Sponsorship from Leading Investment Manager to Bring Additional Gaming and Hospitality Expertise to Great Canadian. October 23, 2020 – Toronto, ON – Great Canadian Gaming Corporation announced that it will release its financial results for the three-month period ended September 30, 2020 (the “third quarter”) after market close on November 10, 2020.
RICHMOND (NEWS 1130) – Great Canadian Gaming has agreed to be bought by U.S. private equity firm Apollo Global Management. That's based on Apollo valuing GCC shares at $39. %%EOF
Apollo also anticipates that certain Canadian institutions may co-invest in the transaction to become equity owners in the Company alongside the Apollo Funds upon completion of the acquisition. --Great Canadian Gaming Corporation today announced that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo … Apollo is a responsible sponsor and has a long track record of success investing in companies in highly regulated industries, as well as Canada-based companies. 1y-H�� ���9aF��"�`��D8n0�҈7o������Yq��P�������m~/�/_��O�A�3�/^��s-$nO�M[a�5G��hI�A�iX\~�Բ���蟃>>�'��a������e�o��/�Z���Pk�R����������{{��;�5-�������Ū���������;F��Q{x8�Z�9,9�C�R�^~��c-&Mx~�\g�$eq����Mot;��,���A3�����9
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Apollo Global Management, Inc.
Apollo has a 30-year track record of responsible investing, with its affiliated funds successfully owning companies in highly regulated industries such as gaming, healthcare, chemicals and aerospace. GREAT CANADIAN GAMING ANNOUNCES THE REOPENING OF CASINO NEW BRUNSWICK Posted: October 22, 2020 Apollo’s legal advisors were Akin Gump Strauss Hauer & Feld LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Osler, Hoskin & Harcourt LLP. The transaction is not subject to a financing condition. In addition, we believe Apollo’s extensive experience in the gaming sector will provide additional strategic benefits to help expand our gaming and hospitality offerings and to secure our position as a long-term market leader,” concluded Baker. Great Canadian Gaming Sold To Apollo For $2.5 Billion Apollo Global Management who only yesterday announced it had invested €500m into gaming and lottery operator Sazka Group. Apollo Global Management to … Est. Macquarie Capital acted as lead financial advisor to Apollo on the transaction. Apollo Mulls Upping Bid for Great Canadian Gaming After Investors Scoff at Initial Offer. Principal shareholders CI Global Asset Management/Cambridge Global Asset Management (8,730,358 common shares, …
The news was announced after the Canadian court approved the acquisition of Great Canadian Gaming Corp. by Apollo Global Management Inc. . 45 0 obj
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11 November 2020. The Board of Directors of Great Canadian also unanimously resolved to recommend that shareholders vote in favour of the transaction at the special meeting of shareholders that will be called to approve the transaction, which is expected to be held in December 2020. Investors who own large blocks of Great Canadian Gaming Corp. plan to vote against Apollo Global Management Inc.’s $2.5 billion offer for the casino company, according to … Deutsche Bank Securities and Barclays also acted as financial advisors to Apollo.
The U.S. buyer received approval under the Investment Canada Act for the Raptor Acquisition Corp. investment fund’s $45-per-share takeover offer. Apollo is committed to maintaining the Company’s current operational footprint and anticipates Great Canadian’s properties will increase under the Apollo Funds’ ownership. Recent gaming investments include the pending acquisition of Great Canadian, Canada’s leading gaming and entertainment provider, the acquisition of IGT’s Lottomatica business, and the pending investment in Sazka, Europe’s largest lottery operator. Apollo intends to help drive additional, incremental growth through initiatives such as expansion of non-gaming facilities, expanded loyalty and marketing programs, and gaming improvements that leverage the scale of the firm’s platform. h�b```f``Ja`a`��fa@ �r|`����a���@!�{ t��Du4 � ! Following close of the transaction, Great Canadian will remain headquartered in Toronto, led by a Canadian management team and with Canadian board members. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or the “Company”) today announced that it has entered into a definitive agreement to be acquired by funds (the “Apollo Funds”) … Apollo Global Management, Inc. The purchase price represents a 59% premium to the 30-day VWAP as of November 9, 2020. Tanya RuskowskiExecutive Assistant to the Chief Executive Officer and the President, Strategic Growth & Chief Compliance Officer(604) 303-1000, Mr. Chuck Keeling Executive Vice President, Stakeholder Relations & Responsible Gaming (778) 874-4942ckeeling@gcgaming.com, Peter MintzbergHead of Investor RelationsApollo Global Management, Inc.212-822-0528pmintzberg@apollo.com, Ann DaiInvestor Relations ManagerApollo Global Management, Inc.(212) 822-0678adai@apollo.com, Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491jrose@apollo.com, Kieran LawlerCrestview Strategykieran.lawler@crestviewstrategy.com(416)-303-0799, Morgan CatesCrestview Strategymorgan.cates@crestviewstrategy.com(647)-999-3024. Fundamental to the Company’s culture is its commitment to social responsibility. Apollo Funds Affiliate Receives Approval Under ICA for its Acquisition of the Company . The Company and the Special Committee of the Board of Directors received fairness opinions from Scotiabank and CIBC World Markets Inc., respectively, which subject to the assumptions, qualifications and limitations therein that, as of the date of each such opinion, the consideration to be received pursuant to the definitive agreement, is fair, from a financial point of view, to the Great Canadian shareholders.
Great Canadian Gaming Corporation Enters Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management For C$39.00 Per Share Apollo Expresses Support for Safe Reopening and Welcoming Back Team Members in Adherence with All Applicable Health and Safety Restrictions. Great Canadian Gaming Corporation Enters Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management for C$39.00 Per Share. Great Canadian Gaming Corporation Announces the Filing of Proxy Materials in Respect of the Proposed Acquisition by an Affiliate of Funds Managed by Affiliates of Apollo … Apollo Announces Completion of the Tender Offer for Shares of The Michaels Companies. November 10, 2020 21:33 ET
These factors and other risks and uncertainties are discussed in the Company's continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the "Risk Factors" section of the Company's Annual Information Form, and as identified in the Company's disclosure record on SEDAR at www.sedar.com. Company Announces Government-Mandated Suspension of Operations at Elements Casino Grand River and Shorelines Casino Belleville . Apollo Global Management Inc. increased its offer for casino operator Great Canadian Gaming Corp. by 15%, winning over a group of shareholders that had threatened to block the deal.
News Press Releases Great Canadian Gaming Corporation and Funds Managed by Affiliates of Apollo Global Management, Inc. Agree to Increased Purchase Price of C$45 per Share in Cash T.GC, APO | December 21, 2020 April 13, 2021. Latest Press Releases. TORONTO , April 5, 2021 /CNW/ - Great Canadian Gaming Corporation (TSX: GC) ("Great Canadian" or the "Company") is pleased to announce that Raptor Acquisition Corp. …
Posted on: December 14, 2020, 11:41h. Scotiabank is serving as lead financial advisor to the Company and CIBC World Markets Inc. is serving as financial advisor to the Special Committee. %PDF-1.5
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Great Canadian Gaming Corporation (TSX: GC) ("Great Canadian," or "the Company") today announced its financial results for the three month period … Last updated on: December 14, 2020, 01:36h. The Company and Apollo undertake no obligation to revise forward-looking information to reflect subsequent events or circumstances except as required by law. Alex van Hoek, Partner at Apollo, said: “Great Canadian is a leader in the gaming and entertainment industry and, based on our experience and knowledge of the space, we see opportunities to work with their talented team to drive additional growth and value. Dec 31, 2020 2:42 PM By: Canadian Press … Apollo Funds to Acquire Majority Control of ABC Technologies Holdings Inc. April 12, 2021. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the Company’s community, volunteering and social responsibility efforts. Apollo Global Management who only yesterday announced it had invested €500m into gaming and lottery operator Sazka Group. 0
“The Board of Directors, based on a recommendation from the special committee of independent directors, has unanimously concluded that this transaction represents the best course of action for the Company. The Supreme Court of … With an industry-leading portfolio of assets and established presence in the best geographic markets across Canada, we are excited to help bring an enhanced experience to more guests across Canada.”, Van Hoek added: “We also recognize the challenges of the current circumstances and are committed to working with the management team, regulators and health authorities to allow the Company to reopen its properties as soon as it’s safe to do so. The transaction has been approved unanimously by the Board of Directors of Great Canadian, which determined that the transaction is fair from a financial point of view to shareholders and is in the best interests of the Company. News Release. Further information regarding the transaction will be included in an information circular to be mailed to Great Canadian shareholders. Apollo recognizes Great Canadian’s strong track record of corporate citizenship and community involvement and will continue this legacy. Readers are cautioned not to place undue reliance on the forward-looking information.
Sponsorship from Leading Investment Manager to Bring Additional Gaming and Hospitality Expertise to Great Canadian, Apollo Expresses Support for Safe Reopening and Welcoming Back Team Members in Adherence with All Applicable Health and Safety Restrictions. TORONTO — Great Canadian Gaming Corp.'s deal to be acquired by a fund affiliated with Apollo Global Management Inc. has been granted court approval. Apollo Global Management acquires Great Canadian Gaming Corp. after approval from The Supreme Court of British Columbia. The forward-looking information contained herein is made as of the date hereof, is subject to change after such date, and is expressly qualified in its entirety by cautionary statements in this press release. The transaction will be subject to a number of closing conditions, including customary provincial and federal regulatory approvals (including under the Investment Canada Act and the Competition Act (Canada)), the receipt of necessary shareholder approvals, the receipt of the necessary approvals from the Supreme Court of British Columbia, and the Company maintaining its credit facilities. Alex van Hoek, partner at Apollo, was quoted in the November release: “Great Canadian is a leader in the gaming and entertainment industry and, based on our experience and knowledge of the space, we see opportunities to work with their talented team to drive additional growth and value. Great Canadian Gaming Announces Fourth Quarter and Annual 2020 Results. The transaction is expected to close in the second quarter of 2021. Apollo Global Management, Inc. December 21, 2020 – Page 1 GREAT CANADIAN SECURITYHOLDERS APPROVE PLAN OF ARRANGEMENT WITH AN AFFILIATE OF FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT, INC. December 23, 2020 – Toronto, ON – Great Canadian Gaming Corporation (TSX:GC) (“Great Canadian” or In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our Crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services. Great Canadian Gaming Corporation and Funds Managed by Affiliates of Apollo Global Management, Inc. Agree to Increased Purchase Price of C$45 per Share in Cash CNW Group - … CPE News (12/21/2020) – Apollo Global Management, Inc. (NYSE: APO) has increased its offer to acquire Great Canadian Gaming Corporation (TSX: GC) from CDN $39.00 per share to $45 per share from approximately $2.63 billion in total equity value, up from $2.28 billion..
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