Great Canadian Sale Approved | Standardbred Canada standardbredcanada.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardbredcanada.ca Daily Mail and Mail on Sunday newspapers.
Affiliates of Apollo Global Management have agreed upon a significantly higher purchase price for the Great Canadian Gaming Corporation portfolio than originally negotiated last month, as reported on Tuesday (Dec. 22).
After a number of major Great Canadian shareholders expressed disapproval in the initial terms of the transaction, the two parties renegotiated the sale price from $39 per share to $45 per share. The roughly 15 per cent increase will render the total purchase price of the portfolio as $3.8 billion, or roughly $500 million more than provided in the original terms of the transaction. Great Canadian s Board of Directors, based on a recommendation from the Special Committee of independent directors, unanimously recommends shareholders vote in favour of the transaction, said Great Canadian board chair Peter Meredith in a release from the company. The increased purchase price of $45 per share unlocks greater value for shareholders, and the company and board appreciate t
Ontario Faces Province-Wide Shutdown | Standardbred Canada standardbredcanada.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardbredcanada.ca Daily Mail and Mail on Sunday newspapers.
Last Comment: December 24, 2020 12:13 am ET | 4 Comment(s) | Jump to Comments
On Saturday (Dec. 19) Woodbine Entertainment announced the addition of two cards of live harness racing, to be held as a doubleheader, for this Wednesday (Dec. 23) at Woodbine Mohawk Park.
With the City of Hamilton entering the Grey-Lockdown category as of Monday, December 21 at 12:01 a.m., Flamboro Downs will not be permitted to host its card previously drawn for Tuesday, December 22.
Following discussions with all appropriate parties and pending final approval from the AGCO on Monday, the card slated for Tuesday at Flamboro Downs will now take place on Wednesday afternoon at Woodbine Mohawk Park. Post time for the 11-race card, which will be contested under the Woodbine Standardbred brand, is 2:00 p.m.
Last Comment: December 19, 2020 11:03 am ET | 1 Comment(s) | Jump to Comments
Further to the announcement on Dec. 18, 2020, from the Ontario provincial government that certain businesses in certain regions, such as casinos and racetracks, will be restricted further operationally, Great Canadian Gaming Corporation will be suspending gaming operations at Elements Casino Brantford and racing operations at Flamboro Downs as of Sunday, Dec. 20, 2020, at 11:59 p.m. EST.
Live racing without spectators, with pari-mutuel wagering offered on those races via simulcast, had been conducted at Flamboro Downs since Sept. 3, 2020. Gaming operations at Elements Casino Flamboro (the same location as Flamboro Downs), were suspended on Nov. 15, 2020.