E Canada Is Being Filled With A New Business - And Not The Ones They Were Expecting

Canada is frequently considered one of the most attractive places to establish a business. The country attracts lots of investors as there are plenty of profitable small business opportunities in Canada. While investing in real estate, professional financial services, fitness, and recreational sports centers, waste management, or transportation and storage is a common practice in this country, now it seems like investors are interested in a completely new field of business. 

According to Bloomberg, Apollo Global Management Inc, a global alternative investment management firm that is one of the leading investment companies of the world, plans to take part in the iGaming landscape of Canada. In fact, the firm is interested in buying a popular Canadian entertainment and hospitality company, Great Canadian Gaming. Apollo is widely known for owning and operating companies like CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, and Smart & Final but nobody expected that they would run a gaming company and take part in the gambling industry. 

Photo by Eugene Aikimov on Unsplash

Apollo wins Great Canadian Gaming with 15% bid

Now as Bloomberg announces, Apollo Global Management won over Great Canadian Gaming which is a major gambling company in Canada. Apollo wanted to operate this Canadian company so much that the firm increased its offer for this casino operator by 15%. Now Apollo has to pay $45 per share while the earlier offer before the coronavirus pandemic started was $39 per share. 

Even though the final decision about buying the Great Canadian Gaming hasn’t been made yet, probably Apollo’s new bid is enough for securing a sufficient amount of votes to acquire the gaming firm. Currently, Great Canadian Gaming operates 26 gaming, entertainment, and hospitality facilities in Canada and some of these entertainment firms are Canadian casinos. In fact, as you can see on Canada-casino.org, some top online Canadian casinos are owned and operated by the Great Canadian Gaming. These casinos are known for excellent gaming service and secure payments. Having official support from Apollo global Management will probably improve the online gambling industry in Canada even more. 

1 2 3
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.