On September 22, 2021, Apollo Global Management completed its acquisition of Great Canadian Gaming Corporation for a total value of $3.3 billion. Under the transaction, Apollo Funds acquired all the outstanding shares of Great Canadian for C$45 per share in cash. The transaction will enable Apollo to drive additional, incremental growth through initiatives such as expansion of non-gaming facilities, expanded loyalty and marketing programs, and gaming improvements that leverage the scale of the firm's platform.
Apollo is a leading alternative investment manager with extensive experience in the gaming sector.
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.
Osler, Hoskin & Harcourt LLP advised Apollo Global Management Inc., with a team consisting of Jeremy Fraiberg, Eric Levy, Trevor Scott, Patrick Sullivan, Neil Rosen, Peter Moorman (Corporate), Joyce Bernasek, Dana Saric (Financial Services), Firoz Ahmed, Taylor Cao, James Chang (Tax) and Shuli Rodal (Regulatory).