Great Canadian Gaming Corporation: Plans to Redevelop View Royal Casino Underway

VIEW ROYAL, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2007) -

Great Canadian Gaming Corporation (TSX:GC) (the "Company") announced today that it has commenced the formal planning phase for the redevelopment of the Great Canadian Casino located in View Royal, British Columbia. In anticipation of this redevelopment, the Company has entered into an agreement to acquire approximately 1.5 acres of commercial property immediately adjacent to the current casino location.

The View Royal Casino is located 20 minutes from downtown Victoria on Vancouver Island and currently has a floor area of approximately 32,000 square feet. The current gaming facility features 437 slot machines, 24 table games and ancillary food and beverage amenities. For the twelve month period ended June 30, 2007, the View Royal Casino generated revenues before promotional allowances of $26.7 million and EBITDA of $14.7 million. For the three month period ended June 30, 2007, the slot machine win per unit per day was $460, a level of performance well in excess of the British Columbia industry average.

The financial performance of the existing gaming facility demonstrates that customer demand is exceeding the available gaming supply. As such, the Company's redevelopment proposals include increasing the existing floor area by approximately 24,000 square feet to accommodate new gaming amenities, including slot machines, a poker room and teletheatre, where patrons can watch sporting events and wager on live horse racing. In addition, the Company is planning a significant expansion of the hospitality offerings at the property, including both new food and beverage options and a new entertainment lounge that will feature live entertainment. A key feature of the Company's plans is to increase the facility's parking capacity to accommodate an additional 380 cars.

The redevelopment of the View Royal Casino and any change to the gaming facility are subject to local government and British Columbia Lottery Corporation approvals. A development permit application has already been submitted to the View Royal planning department.