30, Apollo had globally held assets in the U.S., Europe and Asia worth about $433 billion.Īccording to a press release in November from Great Canadian, the casino group will keep its headquarters in Toronto and will still have a Canadian board of directors. Once the deal is closed, the Great Canadian shares will be delisted from the Toronto Stock Exchange.Īs of Sept. The city received about $2.7 million in revenue while it originally anticipated about $14.5 million. The City of Richmond, which gets 10 per cent of net revenues from River Rock, received almost $12 million less in revenue than it originally budgeted because of the closure.
River Rock Casino, along with other casinos in B.C., has been closed since mid-March because of the COVID-19 pandemic. The original announcement in November listed the share price at $39 and estimated the total value of the company at $3.3 billion.įollowing regulatory approvals, it’s expected the deal will close in the second quarter of 2021. Supreme Court approved the plan for Raptor Acquisition Corp., an affiliate of Apollo, to acquire the company’s shares for $45 (Canadian) a piece. Great Canadian Gaming Corp., which owns River Rock Casino & Resort in Richmond, has been approved for sale to a global investment firm, Apollo Global Management.
