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Great Canadian Gaming Announces Temporary Business Interruption Due To COVID-19 and Termination of Substantial Issuer Bid

George Miller

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Great Canadian Gaming Announces Temporary Business Interruption Due To COVID-19 and Termination of Substantial Issuer Bid
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Great Canadian Gaming Corporation announces today the temporary suspension of gaming facilities in Ontario, British Columbia, Nova Scotia and New Brunswick, effective Monday, March 16 and until further notice in an effort to contribute to the containment of the COVID-19 virus.

The suspension of the Company’s gaming facilities was made in consultation with the respective lottery corporations and based on announcements from health authorities regarding the risk of possible transmission of the COVID-19 virus in venues where the public may congregate in significant numbers. No cases of the COVID-19 virus have been reported by any guests or employees of the Company at any of its properties and the closures are preventative in nature to limit the potential for transmission of the virus. The suspensions are temporary and will be reviewed as the situation with respect to the COVID-19 virus evolves.

Great Canadian is committed to providing a safe environment for all its guests and staff and will provide further updates as they develop. “On behalf of our 10,000 team members across the country, and the millions of guests we have the privilege of hosting and entertaining each year, we know we have a role to play in the fight to slow down the spread of COVID-19,” stated Rod Baker, Chief Executive Officer. “We are taking this unprecedented and proactive step along with the countless other organizations across the country that are taking similar action to collectively contain the spread of COVID-19,” added Baker.

On February 14, 2020 the Company commenced a substantial issuer bid  (the “Issuer Bid”) pursuant to which, as amended, on March 11 2020, holders of common shares (“Shares”) were invited to tender some or all of their Shares at a price within the range of $39.00 to $46.00 per Share. The Company announces today that it has terminated its offer to purchase up to $350,000,000 in aggregate of its Shares which was due on March 25, 2020 as a result of the Share price and market index conditions to the Issuer Bid not having been satisfied. As a result of this termination, no Shares will be purchased in the Issuer Bid and all Shares previously tendered and not withdrawn will be promptly returned to tendering shareholders.

 

ABOUT GREAT CANADIAN GAMING CORPORATION:

Founded in 1982, Great Canadian Gaming Corporation is an Ontario based company that operates 25 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia. Fundamental to the Company’s culture is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the Company’s community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually supports over 1,400 charitable and non-profit organizations across Canada. In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services.

 

SOURCE Great Canadian Gaming Corporation

Canada

Pollard Banknote Confirms Voting Results of the Annual General Meeting

George Miller

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Pollard Banknote Confirms Voting Results of the Annual General Meeting
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Pollard Banknote Limited confirms the voting results of the Annual General Meeting of the Shareholders previously held virtually on May 7, 2020, the results of which had been posted on SEDAR on May 8, 2020. A total of 22,359,241 common shares representing approximately 87.22% of Pollard’s outstanding shares, were presented at the meeting.

Nominee Votes For % Votes For Votes Withheld % Votes Withheld
Dave Brown 22,113,157 99.08 206,432 0.92
Jerry Gray 20,919,467 93.73 1,400,122 6.27
Garry Leach 20,476,486 91.74 1,843,103 8.26
Gordon Pollard 20,211,356 90.55 2,108,233 9.45
John Pollard 21,272,461 95.31 1,047,128 4.69
Douglas Pollard 21,272,461 95.31 1,047,128 4.69

In addition, Pollard’s shareholders approved the appointment of KPMG LLP as auditors. Detailed voting results for all resolutions were posted under Pollard’s profile at www.sedar.com.

 

About Pollard Banknote:

Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, Schafer Systems and Fastrak retail merchandising solutions, and a full suite of digital offerings ranging from world-class mkodo game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales and proceeds for good causes. Pollard Banknote also plays a major role in providing pull-tab tickets, bingo paper and its Diamond Game and Oasis-branded electronic ticket machines to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 67.5% by the Pollard family and 32.5% by public shareholders, and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.

 

SOURCE Pollard Banknote Limited

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Blockchain

PBSA Introduces Peerplays RNG

Niji Narayan

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PBSA Introduces Peerplays RNG
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Peerplays Blockchain Standards Association (PBSA) has introduced the next generation random number generator, Peerplays RNG, which allows both players and operators to verify the randomness of spins, actions, and games.

Peerplays RNG uses Graphene-based blockchain technology to generate a random number from secret hashes. The technology guarantees provable randomness that can be verified in real-time.

Peerplays RNG was designed with the belief that trusting randomness in private code simply was not good enough for the expectations of today’s generation. Utilising the latest blockchain technology to ensure complete and provable randomness, achieved via a distributed ledger interface that generates and stores random numbers on the blockchain, PBSA is confident in the RNG’s ability to transform the world of gaming on a global scale.

“At a time when the online gaming industry is facing something of a trust problem, Peerplays RNG can deliver verifiable randomness designed to show players and operators that games are fair. For too long, random number generation has been considered something of an afterthought by games suppliers. Peerplays RNG delivers a next generation RNG with added functionality that can bring incremental benefits to games suppliers, operators, and their customers,” PBSA said.

“We have already received considerable interest in the product from game developers who believe like we do, that verifiable, trustworthy solutions in games are what this generation of gamers deserve. The first of these innovators will be announcing their partnership in the coming weeks,” PBSA added.

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Canada

Lightning Box licensed to supply BCLC

George Miller

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Lightning Box licensed to supply BCLC
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Sydney studio’s Silver Lion goes live first

Specialist slots provider Lightning Box has earned the right to supply its games to the British Columbia Lottery Corporation (BCLC).

The Australian provider has been licensed by the state’s Gaming Policy and Enforcement Branch and can now provide its full catalogue to the lottery’s players.

Lightning Box’s hit slot Silver Lion has become the first to go live this month. The agreement further expands its footprint across North America, having launched its first titles in the Canada with Loto Quebec late last year.

Peter Causley, CEO and co-founder of Lightning Box, said: “We’re very happy to have been granted permission to supply BCLC as it marks another important step as we continue to grow the business and its reach.

“I’m sure our games, starting with Silver Lion, will be as popular with their audience as they have been among other players on the continent and around the world.”

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