Great Canadian Gaming Completes Financing

On September 29, 2004 Great Canadian Gaming Corp. simultaneously issued $150 million aggregate amount of series A senior secured notes due September 29, 2014 and obtained a $100 million credit facility from the Toronto-Dominion Bank and HSBC Bank Canada. TD Securities Inc. and HSBC Securities (Canada) Inc. acted as placement agents in connection with the issuance and sale of the notes.

The financing was raised in connection with the completion of Great Canadian Gaming Corp.’s River Rock Casino Resort in Richmond, British Columbia, the expansion of the Great Canadian Casino in Coquitlam, British Columbia, the development of the Hastings Racecourse in Vancouver, British Columbia, and for general corporate purposes.

Great Canadian Gaming Corp. was represented by Lang Michener LLP, with a team that included Desmond Balakrishnan, John Morrison, David Ross, Stacey Handley and Rubina Jamal in Vancouver, and Philippe Tardif and Dunia El-Jawhari in Toronto; and by Andrew Symons of Inslee, Best, Doezie & Ryder regarding Washington law matters.

TD Securities Inc., HSBC Securities (Canada) Inc. and the purchasers of notes in connection with the issuance and sale of the notes were represented by S. Paul Mantini, Simon Crawford and Andrew Kingsmill of Bennett Jones LLP.

The Toronto-Dominion Bank and HSBC Bank Canada were represented by McCarthy Tétrault LLP with a team that included Gord Sato, John Currie, Derek Winnett and Jill Pereira.