Apollo Global Management Incorporated Bought A Quarter Hundred Canadian Casinos
Previously, it was far from the last gambling operator in Canada called the Great Canadian Gaming Corporation. However, the Americans from Apollo found 2.5 billion dollars to complete the deal announced earlier, and now 25 gambling establishments belong to a new investor. The declared money was enough to buy 100% of the operator’s shares, therefore it is no longer represented on the Toronto Stock Exchange since it is not an independent organization.
The new owner has a casino chain spread across four provinces in Canada. It will not be renamed – the new investor even appointed a director for the Great Canadian Gaming Corporation. The position was taken by Anthony ‘Tony’ Rodio, a true professional in the gambling industry who has dedicated more than forty years of his life. The manager’s previous employment was Caesars Entertainment Corporation. Apollo explained the choice in favour of this particular candidate by the fact that he repeatedly led projects entrusted to his management to success and used different strategies for this. Although the network does not seem small anyway, the buyer is sure that it can and should be developed further, especially taking into account the existing challenges for the industry and the economy as a whole.
The newly-appointed boss spoke about the new place of work, saying that for him this job is a great new challenge and a way to a new level. Tony said the biggest challenge in the new location is to ensure that the coronavirus and related restrictions can no longer interfere with normal customer service. The new management team plans to combine the safety and comfort of the service provided. Terrance Doyle, who temporarily headed the chain of establishments, will retain his seat on the board.