COQUITLAM, BC, Sept. 7, 2016 /CNW/ - Great Canadian Gaming Corporation [TSX: GC] ("Great Canadian" or "the Company") today announced that Peter G. Meredith, the Chairman of the Company, has given notice that he intends to gift up to 70,000 of his Great Canadian common shares within the next 30 days. This represents up to 60% of his holdings and value in Great Canadian securities which includes common shares and Deferred Share Units.
The Company has in place policies that are designed to provide transparency to the public about an insider's intention to trade in the Company's securities. A cornerstone of that policy is a requirement that insiders give the Company prior notice of any intention to trade Great Canadian securities so that the market may be alerted to that intention if the Company believes that an insider is intending to trade a material quantity of the Company's securities and/or a material portion of the value of such securities that are under the insider's control.
Other insiders of the Company may from time to time disclose their intentions to trade securities of the Company.
ABOUT GREAT CANADIAN GAMING CORPORATION
Great Canadian Gaming Corporation is a Canadian based company that operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State. The Company has 20 gaming properties, which consists of twelve casinos, including a four Diamond resort hotel in Richmond, British Columbia and a four star hotel in Moncton, New Brunswick, four horse racetrack casinos, three community gaming centres and one commercial bingo hall. A key element of Great Canadian's business model is its commitment to social responsibility. "PROUD of our people, our business, our community" is Great Canadian's brand that unifies the company's community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, and in 2015, over 3,600 charitable organizations were supported by Great Canadian. 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.
ON BEHALF OF
GREAT CANADIAN GAMING CORPORATION
"Original Signed By Rod N. Baker"
Rod N. Baker
President and Chief Executive Officer
SOURCE Great Canadian Gaming Corporation
For further information: For enquiries: [email protected]; or Ms. Tanya Ruskowski, Executive Assistant to the President and Chief Executive Officer and the Chief Financial Officer, (604) 303-1000; For media enquiries: Mr. Chuck Keeling, Vice-President, Stakeholder Relations and Responsible Gaming, (604) 247-4197