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A New York–based alternative-management fund is betting big on the Canadian casino industry.
Apollo Global Management Inc. is buying all the shares of Toronto-based Great Canadian Gaming Corporation in a $3.3-billion deal. That's based on Apollo valuing GCC shares at $39.
Great Canadian operates Hard Rock Casino Vancouver, Hastings Racecourse & Casino, and River Rock Casino Resort in Metro Vancouver, as well as seven other casinos in B.C.
Hastings Racecourse features a gaming floor with over 500 slot machines. For those seeking a unique Vancouver casino, Hastings Racecourse offers a great mix of live horse racing and casino slots. Sign up for a free Encore Rewards card today and start earning points while you play your favourite slot machines. Eventbrite - Hastings Racecourse & Casino presents Chinese New Year - Hastings Racecourse & Casino - Saturday, 25 January 2020 at Hastings Racecourse, Vancouver, BC. Find event and ticket information.
The company's business has been walloped by COVID-19. On March 16, the B.C. Lottery Corporation 'temporarily closed' casinos, community gaming centres, and bingo halls to prevent the spread of the disease.
- Follow Hastings Racecourse and Casino on Twitter and tweet the following (1 entry): Win a pair of tickets to Oktoberfest Vancouver at @HastingsRaces i n #Vancouver on September 29, via @DailyHiveVan RT to enter! Contest entries will be accepted from the time and date of publishing until 11:59 pm on September 25, 2018.
- Great Canadian Gaming Touts Pickering Casino Resort Welcoming 2,000 Employees; For the time being, while the probe is still in progress, information issued publicly would probably be scarce. Around 30 grooms at Hastings Racecourse have been linked to the fraud, meaning that they have been involved in the fraud without even realizing it.
'Great Canadian is a leader in the gaming and entertainment industry and, based on our experience and knowledge of the space, we see opportunities to work with their talented team to drive additional growth and value,' Apollo partner Alex van Hoek said in a GCC news release. 'With an industry-leading portfolio of assets and established presence in the best geographic markets across Canada, we are excited to help bring an enhanced experience to more guests across Canada.'
Late last month, Apollo announced that its total assets under management grew to US$433 billion in the most recent quarter. That was up US$102 billion from the end of 2019.
Great Canadian, formerly known as Great Canadian Casino, was founded in 1982 to operate charity casinos in B.C., including at the Pacific National Exhibition in Vancouver. Its first permanent casino opened in 1986 at the Holiday Inn on West Broadway in Vancouver.
A list of Great Canadian gambling locations is available here.
Former mayor made good money on the board
Hastings Racecourse Casino Vancouver British Columbia
In 2004, it bought the Hastings Racecourse—the same year up to 600 slot machines were allowed there following a rezoning application to Vancouver city council.
Then mayor Larry Campbell cast the deciding vote in favour.
Three years after his mayoral term expired, Campbell was appointed to the Great Canadian board of directors while he was serving in the Canadian Senate.
In 2019, Sen. Campbell collected $187,500 as a Great Canadian director, according to the company's securities filings.
That was on top of his $150,600 salary as a senator.
According to the company's last management information circular, the former Mountie held more than $2.1 million in deferred share units in 2019.
Horgan promoted slot machines
Many British Columbians are not aware that Premier John Horgan played a critical role in a sophisticated lobbying effort back in 2004 to bring slot machines to the Hastings Racecourse.
He and his business partners' campaign enlisted a retired police sergeant, SFU criminologist Neil Boyd, and a former NDP cabinet minister, Ian Waddell, along with various community organizations.
'Our objective here was to bring those diverse groups together to see the benefit of allowing slot machines in Vancouver...city projects through increased revenue, a future for charitable organizations through a new facility, and jobs for trade unionists,' Horgan told the Straightat the time. 'Once the fabric all came together, the cloth looked pretty impressive for a majority of council, and that's why we were successful.'
Horgan's chief of staff, Geoff Meggs, was a senior staffer in Larry Campbell's office when the then mayor gave the green light to slot machines.
Though not open to the public, you can still enjoy live thoroughbred racing which is available to be streamed from the comfort and safety of your home. If you're looking for things to do, there's no better way to spend your day than to feel the rush of the races and place your bets on HPI BET Hastings Racecourse is Bred For Excitement!
Hastings Racecourse Casino Vancouver Va
Main Line: 604 254 1631
Toll Free: 877 977 7702
HPI Phone Wagering: 1 888 675 2387 (BETS)
Hastings Park Casino Vancouver
Apollo Global Management Inc. is buying all the shares of Toronto-based Great Canadian Gaming Corporation in a $3.3-billion deal. That's based on Apollo valuing GCC shares at $39.
Great Canadian operates Hard Rock Casino Vancouver, Hastings Racecourse & Casino, and River Rock Casino Resort in Metro Vancouver, as well as seven other casinos in B.C.
Hastings Racecourse features a gaming floor with over 500 slot machines. For those seeking a unique Vancouver casino, Hastings Racecourse offers a great mix of live horse racing and casino slots. Sign up for a free Encore Rewards card today and start earning points while you play your favourite slot machines. Eventbrite - Hastings Racecourse & Casino presents Chinese New Year - Hastings Racecourse & Casino - Saturday, 25 January 2020 at Hastings Racecourse, Vancouver, BC. Find event and ticket information.
The company's business has been walloped by COVID-19. On March 16, the B.C. Lottery Corporation 'temporarily closed' casinos, community gaming centres, and bingo halls to prevent the spread of the disease.
- Follow Hastings Racecourse and Casino on Twitter and tweet the following (1 entry): Win a pair of tickets to Oktoberfest Vancouver at @HastingsRaces i n #Vancouver on September 29, via @DailyHiveVan RT to enter! Contest entries will be accepted from the time and date of publishing until 11:59 pm on September 25, 2018.
- Great Canadian Gaming Touts Pickering Casino Resort Welcoming 2,000 Employees; For the time being, while the probe is still in progress, information issued publicly would probably be scarce. Around 30 grooms at Hastings Racecourse have been linked to the fraud, meaning that they have been involved in the fraud without even realizing it.
'Great Canadian is a leader in the gaming and entertainment industry and, based on our experience and knowledge of the space, we see opportunities to work with their talented team to drive additional growth and value,' Apollo partner Alex van Hoek said in a GCC news release. 'With an industry-leading portfolio of assets and established presence in the best geographic markets across Canada, we are excited to help bring an enhanced experience to more guests across Canada.'
Late last month, Apollo announced that its total assets under management grew to US$433 billion in the most recent quarter. That was up US$102 billion from the end of 2019.
Great Canadian, formerly known as Great Canadian Casino, was founded in 1982 to operate charity casinos in B.C., including at the Pacific National Exhibition in Vancouver. Its first permanent casino opened in 1986 at the Holiday Inn on West Broadway in Vancouver.
A list of Great Canadian gambling locations is available here.
Former mayor made good money on the board
Hastings Racecourse Casino Vancouver British Columbia
In 2004, it bought the Hastings Racecourse—the same year up to 600 slot machines were allowed there following a rezoning application to Vancouver city council.
Then mayor Larry Campbell cast the deciding vote in favour.
Three years after his mayoral term expired, Campbell was appointed to the Great Canadian board of directors while he was serving in the Canadian Senate.
In 2019, Sen. Campbell collected $187,500 as a Great Canadian director, according to the company's securities filings.
That was on top of his $150,600 salary as a senator.
According to the company's last management information circular, the former Mountie held more than $2.1 million in deferred share units in 2019.
Horgan promoted slot machines
Many British Columbians are not aware that Premier John Horgan played a critical role in a sophisticated lobbying effort back in 2004 to bring slot machines to the Hastings Racecourse.
He and his business partners' campaign enlisted a retired police sergeant, SFU criminologist Neil Boyd, and a former NDP cabinet minister, Ian Waddell, along with various community organizations.
'Our objective here was to bring those diverse groups together to see the benefit of allowing slot machines in Vancouver...city projects through increased revenue, a future for charitable organizations through a new facility, and jobs for trade unionists,' Horgan told the Straightat the time. 'Once the fabric all came together, the cloth looked pretty impressive for a majority of council, and that's why we were successful.'
Horgan's chief of staff, Geoff Meggs, was a senior staffer in Larry Campbell's office when the then mayor gave the green light to slot machines.
Though not open to the public, you can still enjoy live thoroughbred racing which is available to be streamed from the comfort and safety of your home. If you're looking for things to do, there's no better way to spend your day than to feel the rush of the races and place your bets on HPI BET Hastings Racecourse is Bred For Excitement!
Hastings Racecourse Casino Vancouver Va
Main Line: 604 254 1631
Toll Free: 877 977 7702
HPI Phone Wagering: 1 888 675 2387 (BETS)
Hastings Park Casino Vancouver
Hastings Racecourse Casino Vancouver Washington
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IN CONJUNCTION WITH BCLC, HASTINGS RACECOURSE & CASINO WILL TEMPORARILY SUSPEND ALL OPERATIONS AS OF SUNDAY, MARCH 15TH AT 11:59PM.
Slot Floor Hours – CLOSED Racebook Hours – CLOSED Social links: