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Macquarie Bank/PBL joint venture to acquire Gateway Casinos |
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04 April 2007 Macquarie Bank Limited (Macquarie) notes the attached release made in relation to the acquisition of Gateway Casinos Income Fund (TSX: GCI.UN) (“GCIF”) and related private companies. Gateway Casinos is one of the largest casino operators in Western Canada. The acquisition will be made by New World Gaming, a joint venture owned by Publishing and Broadcasting Limited (PBL) and Macquarie. Macquarie is committing C$195 million (A$207 million) equity towards the joint venture. The impact on Macquarie’s Tier 1 capital ratio is anticipated to be a decrease of approximately 0.5%. For more information, please contact:
Stephen Yan
Jenny Kovacs Gateway Casinos Press Release (pdf 128KB) |
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| Important
information | Privacy
policy Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
