RICHMOND, BC, May 20 /CNW/ - Great Canadian Gaming Corporation (TSX:GC) (the "Company") announced today that it has made several changes to the leadership of its executive team.
Brian Egli, the Company's Executive Vice-President of Gaming Operations, will retire effective June 23, 2010. A veteran of more than thirteen years at Great Canadian, Mr. Egli was responsible for the oversight of the Company's operations across Canada and Washington State.
Peter Goudron, formerly Vice-President of River Rock Casino Resort, will now serve as Great Canadian's Senior Vice-President of Operations - West. In this expanded role, Mr. Goudron will retain his current responsibilities while assuming oversight of the Company's operations in both British Columbia and Washington State. Peter possesses six years of experience with the Company, and more than fifteen years of experience within the gaming industry.
Vic Poleschuk, formerly a consultant to Great Canadian, will now serve as the Company's Senior Vice-President of Operations - East. Mr. Poleschuk will assume oversight of the Company's operations in both Ontario and Nova Scotia. Prior to his engagement at Great Canadian, Mr. Poleschuk spent nearly thirty years with the British Columbia Lottery Corporation, including eight as President and CEO. During that time, he played a pivotal part in the planning and development of the province's gaming industry. He is a recipient of Lifetime Achievement Awards from both the Public Gaming Research Institute and the Canadian Gaming Association.
"I am very pleased to announce these changes to our executive team," stated Rod Baker, Great Canadian's President. "Brian Egli has been an important member of Great Canadian for more than a decade, and was instrumental in the company's achievements during that period. Looking to the future, I am excited to expand the roles of both Peter Goudron and Vic Poleschuk. Peter has been one of the principal drivers of River Rock's recent success, while Vic possesses unique and unparalleled experience in the Canadian gaming industry. I look forward to the benefit of their leadership."
ABOUT GREAT CANADIAN
Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada, and Washington State. The Company operates ten casinos, four horseracing facilities (three offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres, and various associated hospitality outlets. Further information is available on the Company's website, www.gcgaming.com.
ON BEHALF OF GREAT CANADIAN GAMING CORPORATION
(Signed) Nathan Sellyn
Director, Corporate Development and Investor Relations
GREAT CANADIAN GAMING CORPORATION (TSX:GC)
Suite No.350 - 13775 Commerce Parkway
Phone: (604) 303-1000
Fax: (604) 279-8605
This news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. Such differences may be caused by factors which include, but are not limited to, ongoing requirements to comply with financial covenants associated with credit facilities, limited terms of operational service agreements with gaming regulators, pending and proposed legislative or regulatory developments, competition from established competitors and new entrants in the gaming business, dependence on key personnel, no assurance that systems, procedures and controls will be adequate to support expanding operations, potential undisclosed liabilities and capital expenditures associated with acquisitions, negative connotations linked to the gaming industry, First Nations claims with respect to public lands on which we conduct our operations, impact of legal proceedings, impact of smoking bans, interest and exchange rate fluctuations, non-realization of cost reductions and synergies, acceptance and demand for new products and services, fluctuations in operating results and general economic conditions. The Company cautions that this list of factors is not exhaustive. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, including in the "Risks Factors" section of the Company's Annual Information Form for fiscal 2009, or as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.
SOURCE Great Canadian Gaming Corporation
For further information: For further information: For investor enquiries: Mr. Nathan Sellyn, Director, Business Development and Investor Relations, (604) 303-1000, firstname.lastname@example.org; For media enquiries: Mr. Howard Blank, Vice-President, Media & Entertainment, (604) 512-6066