Great Canadian Gaming Updates Status Of Its Properties

Great Canadian Gaming, headquartered in British Columbia, issued an update on the status of its 25 properties across Canada, and on 16 March 2020 the company suspended all activities to help fight the spread of COVID-19.

This comes after the group reported slow recovery plans when releasing its latest quarterly update last month, when operator revenue fell from CA$354.4 m to CA$62.8 m by 82 percent.

In Ontario, Great Canadian will reopen its 11 properties as part of Ontario’s stage three plan for the reopening of its economy on September 28, 2020. As part of that structure , the organisation will adhere to provincial rules, including restrictions for indoor meeting up to a maximum of 50 guests, which will not have table games or other facilities.

The firm will also be reopening its Casino New Brunswick property in New Brunswick on September 28, 2020 as part of the “COVID-19 recovery plan” for New Brunswick.

The reopening of the property would be premised on implementing prescriptive operating plans and procedures, including reduced facility guest capacity to approximately 25 percent, the availability of just over 50 percent of the slot machines at the site, and the suspension of most facilities.

In Nova Scotia, where casinos were given the right to reopen, Great Canadian continues to work with the Nova Scotia Gaming Corporation on the plans needed to reopen the two Nova Scotia properties of the company. Properties in British Columbia ‘s community home sector remain closed as required by the provincial government.

Rod Baker, the company’s CEO said: “I’m pleased we are able to safely reopen our facilities in Ontario and New Brunswick, allowing us to bring back to work team members in each province.”

“Once open, gaming revenues in each jurisdiction will be significantly reduced due to operating restrictions. The reductions will be especially significant for our Ontario properties where, due to the 50-guest maximum restriction, we expect no material financial benefit to the company from our 11 Ontario locations.

“In BC, no approval has been granted for casinos to reopen, and as such, the company will continue to manage its assets in the closed state.”