Great Canadian to Add Five Story, 191 Room Hotel at River Rock Casino Resort Feb 20, 2008
McLeod added, "This development at River Rock is a positive addition to our current portfolio of property expansion projects. These include new gaming offerings at Fraser Downs, new slot machines and amenities at Hastings Racecourse, a planned 550 slot machine expansion at Georgian Downs in Ontario, and the redevelopment of the View Royal Casino near Victoria, British Columbia. Each expansion project will help us meet the growing demand visible at these properties.". ABOUT GREAT CANADIAN. (CCNMatthews Press Releases)
Hastings to get slots, despite legal appeal Oct 3, 2007
The company intends to add up to 600 slots at the park within the next year to 15 months, he said, as well as add 90 slot games and 12 live tables to Surrey's Fraser Downs Raceway in a move toward full-service gaming entertainment. It will also close its first casino, the tables-only Casino on Broadway which opened in 1986, next month because it does not meet market demand. (Vancouver Sun)
Great Canadian Gaming Brings Management of Hotel and Food and Beverage Operations In-House Oct 25, 2006
Under the terms of the agreement with Mayfield, Great Canadian will assume full responsibility for the management of the F&B functions at five of its properties (Fraser Downs, Hastings Racetrack, View Royal Casino, Nanaimo Casino, and the Casino on Broadway) in British Columbia as of October 31, 2006. Management of the hotel and F&B operations at Great Canadian's River Rock Casino Resort and Boulevard Casino in British Columbia will be transitioned to the Company on or before February 1, 2007. (CCNMatthews Press Releases)
Great Canadian Gaming president quits after quarterly earnings warning Feb 21, 2006
Expanding aggressively from its B.C. base, it made deals last year to buy the casinos in Halifax and Sydney, N.S.; Orangeville Raceway, operator of Fraser Downs in suburban Vancouver; and the Flamboro Downs raceway in Ontario. A research note from Versant Partners observed that Great Canadian shares have fallen more than 40 per cent from peak last April, and "uncertainty surrounding future leadership and concern on operating leverage likely continue to pressure the stock near-term.". (CBC News, Canada -- Business)
