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Affiliate of Apollo Funds Closes Purchase of Great Canadian Gaming; Up 0.02%

MT Newswires ·  09/23/2021 00:52

12:51 PM EDT, 09/22/2021 (MT Newswires) -- Apollo Global Management, Inc. (APO) said Wednesday that an affiliate of Apollo Funds has completed the purchase of Great Canadian Gaming Corp. (GC.TO).

Great Canadian Gaming's shares edged up 0.02% in Canada on Wednesday.

Under the deal, Great Canadian's shareholders are entitled to receive C$45 in cash for each share of its common stock owned. Shares of Great Canadian's common stock no longer trade on the Toronto Stock Exchange.

Anthony Rodio will lead Great Canadian as CEO, effective immediately, from its headquarters in Toronto, Ontario. Rodio will also become a board member. Previously, Rodio served as CEO of Caesars Entertainment Corp.

Great Canadian's interim CEO Terrance Doyle will now serve the company as national president of business development.

Great Canadian operates 25 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia.

Price: 44.99, Change: +0.01, Percent Change: +0.02

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