Apollo Global Management acquires Great Canadian Gaming Corp. after approval from The Supreme Court of British Columbia
The news was announced after the Canadian court approved the acquisition of Great Canadian Gaming Corp. by Apollo Global Management Inc.
Due to COVID-19 restrictions, out of the 26 gaming outlets operated by Great Canadian, only two of these outlets are currently open and running for business.
The decision was made shortly after 79% of Great Canadian shareholders voted for the merger after Apollo’s increased offer of C$45 per share for a $1.96bn buyout.
Apollo had also expressed separate interest in buying over the UK sportsbook, William Hill yet Caesars Entertainment had the upper hand in the deal and was subsequently bought by Caesars Entertainment towards the end of 2020.
Source: Gaming America
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