VANCOUVER, June 29 /CNW/ - By Order of the Supreme Court of British
Columbia made June 24, 2009, Grant Thornton Limited ("Grant Thornton") was
appointed as Receiver and Manager of the assets and businesses of EGC Holdings
Ltd., EGC Properties Ltd. and Frank Sisson's Silver Dollar Ltd., which
operates the business known as the Silver Dollar Casino, Calgary (the "Silver
Dollar Casino Calgary").
It is Grant Thornton's intention to carry on the business operations of
the Silver Dollar Casino Calgary. All current employees will continue to be
employed by the Silver Dollar Casino Calgary for the foreseeable future on the
same terms and conditions as they were employed prior to Grant Thornton's
appointment. Operations and staffing at the Silver Dollar Casino Calgary will
be reviewed during the course of the receivership with a view to maintaining
and even enhancing the level of service to customers. However, continued
employment of all employees cannot be guaranteed and it is anticipated that
some employees will be let go during this process.
Grant Thornton has been granted a license by the Alberta Gaming and
Liquor Commission to carry on the casino operations of the Silver Dollar
Casino Calgary and has retained the services of Penguin Mechanical Services
Inc. and its principal, Howard Worrell, to assist in the management of the
Silver Dollar Casino Calgary. Mr Worrell has many years of management
experience in the gaming industry.
Grant Thornton intends to maintain and oversee the operations and
business of the Silver Dollar Casino Calgary in the short term with a view to
offering the business and operations of the Silver Dollar Casino Calgary for
sale as a going concern.
Notes to editors:
About Grant Thornton Limited
Grant Thornton Limited is a Canadian Member of Grant Thornton
For further information:
For further information: Mark Wentzell, T (604) 687-2711, F (604)
685-6569, E firstname.lastname@example.org