Great Canadian Gaming Corporation
TSX : GC

Great Canadian Gaming Corporation

March 20, 2008 19:01 ET

Great Canadian Gaming Corporation: British Columbia Court of Appeal Dismisses Hastings Appeal

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 20, 2008) - Great Canadian Gaming Corporation (TSX:GC) (the "Company") announced today that the British Columbia Court of Appeal (the "Court") has dismissed the Hastings Park Conservancy's appeal of the Supreme Court of British Columbia judgment that upheld Zoning By-Law 9119 (the "By-Law"), which permitted the installation of slot machines at Hastings Racecourse.

In dismissing the appeal, the Court stated that, irrespective of whether Hastings Park is a permanent public park and irrespective of whether the Council of the City of Vancouver has the jurisdiction to pass zoning by-laws in respect of permanent public parks, the City of Vancouver had the power to both authorize the use of slot machines at Hastings Park and to enter into an operating agreement with Hastings Entertainment Inc. for the operation of Hastings Racecourse as contemplated in the By-Law.

During the fourth quarter of 2007, Hastings Entertainment Inc., a wholly owned subsidiary of the Company, entered into both an operating agreement with the City of Vancouver and an operational services agreement with the British Columbia Lottery Corporation, and installed 150 slot machines in an interim facility at Hastings Racecourse. The Company is currently developing a permanent entertainment facility, and expects to complete the installation of a further 450 machines in early 2009. The estimated total budget for Hastings' redevelopment is $40 million.

ABOUT GREAT CANADIAN

Great Canadian Gaming Corporation is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, and Washington State. We operate ten casinos, a thoroughbred racetrack that offers slot machines, four standardbred racetracks (two offer slot machines and one offers both slot machines and table games), a community gaming centre, a bingo hall, a hotel and conference centre, two show theatres and various associated food and beverage and entertainment facilities. Further information is available on the Company's website, www.gcgaming.com.

Contact Information

  • Great Canadian Gaming Corporation
    Thomas Bell
    (604) 303-1000
    (604) 279-8605 (FAX)
    or
    Great Canadian Gaming Corporation - Media
    Howard Blank
    (604) 512-6066
    Website: www.gcgaming.com
    or
    Jaffoni & Collins - Investor Relations
    Richard Land
    (212) 835-8500
    or
    Jaffoni & Collins - Investor Relations
    Dave Jacoby
    (212) 835-8500
    Email: gcd@jcir.com