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Great Canadian Entertainment agrees to sell Casino Nanaimo to Petroglyph

Deals & M&A

Great Canadian Entertainment announced an agreement to sell Casino Nanaimo in British Columbia to Petroglyph Development Group, a wholly owned corporation of the Snuneymuxw First Nation. The casino has more than 400 slot machines, six table games and 10 electronic table games; the source gives no sale price or completion date.

The proposed sale would change the ownership of a British Columbia casino with more than 400 slot machines.

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Enforcement & compliance

AGCO fines Great Canadian Entertainment $170,000 over Pickering Casino Resort controls

Ontario’s Alcohol and Gaming Commission of Ontario (AGCO) fined Great Canadian Entertainment $170,000 over failures to assess and monitor high-risk customers and report suspected money laundering at Pickering Casino Resort. The commission said its compliance audit found cases requiring enhanced monitoring and suspicious-transaction reports that had not been filed; the company can appeal within 15 days.

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