Great Canadian Gaming Provides Update on Status of its Properties
Great Canadian Gaming Corporation has provided an update on the status of its operations in Canada. On March 16, the company suspended operations of all its properties to contribute to the containment of COVID-19.
Great Canadian will reopen its 11 properties in Ontario on September 28 as part of Ontario’s Stage 3 framework for the reopening of its economy. The Company will adhere to provincial guidelines which include indoor gathering limits up to a maximum of 50 guests and will not include the operation of table games or other amenities.
In New Brunswick, the Company will be reopening its Casino New Brunswick property on September 28 as part of New Brunswick’s COVID-19 recovery plan. In Nova Scotia, where casinos have been granted the ability to reopen, the Company continues to work with the Nova Scotia Gaming Corporation on preparations required for the reopening of the Company’s two Nova Scotia properties. In British Columbia, Great Canadian’s properties remain closed as mandated by the provincial government.
“I’m pleased we are able to safely reopen our facilities in Ontario and New Brunswick, allowing us to bring back to work team members in each province,” Rod Baker, Chief Executive Officer of Great Canadian, said.
“Once open, gaming revenues in each jurisdiction will be significantly reduced due to operating restrictions. The reductions will be especially significant for our Ontario properties where, due to the 50-guest maximum restriction, we expect no material financial benefit to the Company from our 11 Ontario locations. In B.C., no approval has been granted for casinos to reopen, and as such, the Company will continue to manage its assets in the closed state,” Baker added.
