A PYMNTS Company

Apollo Funds To Buy Great Canadian Gaming For $1.66B

By  |  November 11, 2020

Great Canadian Gaming announced on Tuesday, November 10, that Apollo Global Management would acquire the company for about CA$2.16 billion (US$1.66 billion) through funds managed by its affiliates, reported Bloomberg.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Founded in 1982, Great Canadian operates 25 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia.

    The deal, which is expected to close in the second quarter of 2021, has been approved unanimously by Great Canadian’s board, the Ontario-based company said in a statement.

    Scotiabank is the lead financial adviser to Great Canadian, with CIBC World Markets serving as financial adviser to its special committee.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.