On Monday, January 27, the Great Canadian Gaming Corporation (‘Great Canadian’ or ‘the Company’) announced its intention to renew a normal course issuer bid for up to 4,231,075 of its common shares, representing approximately 10 per cent of the Company's common shares in the public float. Purchases will be made subject to opportunities within the market.

As at January 20, 2013, there were 67,353,083 common shares of the Company outstanding. Purchases will be by way of open market purchases through the facilities of the Toronto Stock Exchange (‘TSX’), and other Canadian market places, and payment for the shares will be in accordance with the TSX's rules. No purchases will be made other than by means of open market transactions during the term of the normal course issuer bid and conducted at the market price at the time of acquisition. All shares purchased by the Company will be subsequently cancelled. The Company believes that this normal course issuer bid will assist in managing its balance of debt and equity for the purpose of increasing long-term shareholder value.

"With Great Canadian's secure and flexible financial position, this share repurchase program is an important tool for improving shareholder value," stated Rod Baker, Great Canadian's president and Chief Executive Officer. "The normal course issuer bid will be employed opportunistically, while considering the Company's future cash needs for operating and development purposes."

The Company received approval from the TSX to commence this bid on January 30, 2014. The bid will end on January 29, 2015 or earlier if the number of shares sought in the issuer bid have been obtained. The Company will not purchase shares during its self-imposed blackout periods and reserves the right to terminate the bid earlier if it feels it is appropriate to do so. Pursuant to TSX policies, daily purchases made by the Company will not exceed 17,799 common shares or 25 per cent of the prior six-month average daily trading volume of 71,194 common shares on the TSX, subject to certain prescribed exceptions.

In the event that insiders intend to sell securities of the Company during the course of the bid, the Company will not purchase such securities under the bid when advised of such sales.

During the last 12 months, the Company purchased and cancelled 4,511,644 common shares at a volume weighted average price of $10.32 per share, completing the maximum number of shares that can be purchased under the normal course issuer bid approved in January 2013.

(With files from Great Canadian)