Great Canadian Games Corporation recently made a significant announcement about its future, but there was strong opposition shortly after the news broke. Minority shareholders recently expressed their position regarding the U.S. private equity fund's purchase of a C$2.1 billion casino operator. Apollo Global Management is poised to take over a leader in the gaming industry.

I've seen one of the major players sign a final acquisition deal, so I'm investing in Canada's gaming sector. The casino operator will be acquired by Apollo Global Management, which works to improve its gambling and hospitality potential. The acquisition amounts to approximately C$2.1 billion.

Soon after the decision was publicly announced, all the details related to it were thoroughly reviewed. With the support of shareholders, casino operators may be in for a whole new era of operation. That means Canada's largest casino operator is owned by a U.S.-based private equity fund that further supports its growth.

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Some minority shareholders of Great Canadian Gaming were quick to express their position on the final deal that was announced. Bloombergson Investment Partners is one of the shareholders who oppose the decision. The Toronto-based investment company owns about 14% of casino leaders. It recently pointed out that Apollo Global Management's proposed payments will not be profitable in the future.

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You'll remember that the final settlement will pay C$39 per share of Great Canadian Gaming. Minority shareholders pointed out that this amount will not reach true long-term value and will eventually hurt shareholders. Canadian investment companies will likely vote against the casino operator's acquisition.

Post-announcement backlash
Other minority shareholders have also expressed their positions and action plans on the subject. Madison Avenue Partners and BreakInlet Capital also note that they own a stake in Great Canadian Gaming and would vote against the acquisition if they had the opportunity. A special shareholders meeting will be held in December 2020 to vote on the subject.

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Informational notices include detailed information about the transaction, and all Great Canadian Gaming shareholders will have the opportunity to look at it. Regulators will also get the opportunity to vote on the C$2.1 billion bill. Small investors have also argued that casino operators should have sought alternative takeover offers offered by other companies to ensure shareholders have options to choose from. 슬롯사이트

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Apollo Global Management's offer per share rose 35%, but minority shareholders expected more. Great Canadian Gaming CEO Rod Baker said outside directors did not consider alternative offers from potential investors ahead of this final deal. He strongly supports it as a step in the right direction for casino leaders.