Great Canadian Gaming Corp. has announced the appointment of a new CEO, who will be taking over from outgoing Chairman and CEO, Michael Gaughan.
Great Canadian Gaming Corp. is a company that specializes in gaming and entertainment. The company was founded in 2006 and has since grown to be one of the largest gaming companies in Canada. Read more in detail here: who owns great canadian gaming.
Great Canadian Gaming Corporation has been purchased by Apollo Funds and is set to embark on a new chapter in its history and growth. As a result of these events, Terrance Doyle, the gaming conglomerate’s temporary CEO, will step down and be replaced by Antony Rodio, who will take over immediately.
The gaming business was founded in 1982 and is now based in Ontario, Canada. The company owns and manages gambling facilities throughout Canada, including those in Ontario, British Columbia, New Brunswick, and Nova Scotia. Mr. Rodio, who is also a member of the board of directors, will now lead the business forward.
A new chapter has begun.
Mr. Rodio was welcomed onboard by Alex van Hoek, an Apollo Partner and Chairman of the Board of Great Canadian Gaming Corporation. According to the official, the new CEO is one of the industry’s most well-known executives, and the business will benefit from his knowledge and experience as it pursues its development strategy. The company will now focus on providing better experiences for visitors, employees, and local communities.
Mr. Rodio has over 40 years of experience in the casino industry, the last of which he spent as CEO of Caesars Entertainment Corporation. From April 2019 until July 2020, he was the CEO of the business, which was acquired by Eldorado Resorts. Mr. Rodio formerly held the positions of CEO of Affinity Gaming and President and CEO of Tropicana Entertainment.
The company’s new CEO also spoke on his hiring, describing the gaming giant as “an amazing gaming and entertainment brand.” He also expressed his delight at the prospect of leading the business ahead as it continues to attract new team members and customers. He believes that now that the company is in a stronger position, the staff can focus on providing an even better visitor experience.
Mr. Doyle acted as the firm’s temporary CEO, effectively navigating the company through the ramifications of an unusual scenario in which the company was forced to shut its hotels owing to health concerns. He will now assume the role of National President of Business Development, reporting directly to the board of directors.
Acquisition is now complete.
Great Canadian Gaming Corporation gave an update on the Apollo Funds purchase at the beginning of September. All regulatory clearances for the deal have been obtained, according to the firm. Raptor Acquisition Corp. will now buy the company’s shares for CA$45 in cash per stock, in accordance with section 288 of the Business Corporation Act of British Columbia. On September 23, 2021, the purchase was completed.
Reopening of the property
The gambling giant was allowed to reopen its casino facilities throughout Ontario in July after the provincial government relaxed health standards. Casino Woodbine, Great Blue Heron Casino, Casino Ajax, Elements Casino Mohawk, Elements Casino Flamboro, Elements Casino Brantford, Elements Casino Grand River, Shorelines Casino Belleville, Shorelines Casino Peterborough, Shorelines Casino Thousand Islands, and Shorelines Slots at Kawartha Downs are among the 11 properties that are currently open for business.
Source: Cision, September 22, 2021, “Apollo Funds Complete Acquisition of Great Canadian Gaming, Anthony Rodio Appointed CEO.”
Great Canadian Gaming Corp. Welcomes New CEO is a blog post about the new CEO of Great Canadian Gaming Corp. Reference: great canadian investor relations.
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