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Gateway Casinos & Entertainment Limited and Leisure Acquisition and HG Vora at the time of Leisure's IPO (the "Sponsor Warrants") to.


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Research: Announcement: Moody's says Gateway reverse IPO opportunity is credit positive - Moody's
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This is the initial public offering of Gateway Casinos & Entertainment Limited and no public market exists for our common shares. We are not selling any common.


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(RTTNews) - Gateway Casinos & Entertainment Limited, a Canadian gaming and entertainment company, filed with the U.S. Securities and.


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(RTTNews) - Gateway Casinos & Entertainment Limited, a Canadian gaming and entertainment company, filed with the U.S. Securities and.


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Gateway Casinos and Entertainment is optimistic its properties bode well for had our eyes on Gateway almost immediately following the closing of our IPO,” he.


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Catalyst Capital Group launches a $million Initial Public Offering of Gateway Casinos and Entertainment aiming to benefit shareholders.


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(Reuters) - Canadian gaming and entertainment operator Gateway go public while sidestepping the traditional initial public offering process.


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(RTTNews) - Gateway Casinos & Entertainment Limited, a Canadian gaming and entertainment company, filed with the U.S. Securities and.


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Gateway Casinos & Entertainment registered an F-1 form with the U.S. Securities and Exchange Commission (SEC) in regards to its initial public offering.


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The appointment of Marc J. Inclusion of the prospective financial information in this communication should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. The information set forth herein should be read in light of such risks. The documents filed by Leisure with the SEC also may be obtained, when available, free of charge at Leisure's website at www. These risks, uncertainties and contingencies include, among others: business conditions; changing interpretations of IFRS; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments; requirements or changes adversely affecting the business in which Gateway is engaged; fluctuations in customer demand; management of growth; intensity of competition from other gaming operators; general economic conditions; geopolitical events and regulatory changes; fluctuations in currency exchange rates; the possibility that the transaction does not close, including due to the failure to receive required security holder approvals or regulatory approvals or the failure of other closing conditions; and other factors set forth in Leisure's past or future filings with the Securities and Exchange Commission " SEC " , including the proxy statement expected to be filed in connection with the proposed transaction. Information about Leisure's directors and executive officers and their ownership of Leisure's securities is set forth in Leisure's definitive proxy statement on Schedule 14A filed with the SEC on October 28, You may obtain free copies of these documents as described in the preceding paragraph. With 25 properties across British Columbia and Ontario — up from 10 in — Gateway has significantly expanded its footprint, while diversifying and expanding its product offering to include well-known proprietary casino and restaurant brands. The 7. Neither Leisure nor Gateway is under any obligation to, and expressly disclaims any obligation to, update or alter any forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. Upon closing of the Transaction, A. Falcone as CEO of Gateway is subject to applicable gaming registration requirements. From June to October , Mr. All projections shown are based on figures provided by Gateway to Leisure on December 19, Unless otherwise noted, all figures exclude Gateway's Edmonton properties which are expected to be carved-out of this transaction the "Non-Core Properties". Lorne Weil , Daniel B. I look forward to creating significant shareholder value alongside the rest of the Gateway management team. Additional independent directors are expected to be appointed at or following the completion of the Transaction such that Gateway Board of Directors may be comprised of up to 9 members. These statements are based on Leisure's and Gateway's managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Neither Gateway nor Leisure undertakes any commitment to update or revise the projections, whether as a result of new information, future events, or otherwise. Across its entire portfolio, Gateway currently employs over 8, people and features approximately table games including 48 poker tables , 13, slots, 93 food and beverage outlets and hotel rooms. The Company will also issue 1. Gabriel de Alba , Managing Director and Partner of Catalyst and Executive Chairman of Gateway, stated, "With its strong corporate and property operating teams, diversified growth initiatives, and industry-leading operating model, Gateway has built tremendous momentum and established a solid foundation for ongoing growth. Warrants for 2. Gabriel de Alba will continue in his role as Executive Chairman. Falcone has served as a member of the Leisure Acquisition Corp. The financial forecasts and projections in this communication were prepared by Gateway's management, and these financial forecasts and projections should not be relied upon as being necessarily indicative of future results. The entire Gateway team looks forward to working with the team at Leisure to create value for shareholders over the long-term," Mr. Neither Gateway's independent auditors, nor the independent registered public accounting firm of Leisure, audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this communication, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this communication. Silvers and Marc J. To the extent Gateway's shareholders pay LACQ's fees and expenses, shares issued to the existing Gateway shareholders shall increase on a pro rata basis by the amount of LACQ's fees paid by Gateway's shareholders. The execution of these growth initiatives will be implemented with a sustained focus on Gateway's operational excellence. We are excited to partner with the Gateway team, led by Marc, to accelerate Gateway's growth through the many high-return initiatives already in place as well as by pursuing potential future accretive transactions across North America. Falcone for three months following his retirement in order to assist with an orderly transition. Santo will continue as an advisor to the Board of Directors and Mr. With the ongoing support and sponsorship of Catalyst, Leisure and its principals, and HG Vora, Gateway is well-positioned to continue to achieve attractive returns for its shareholders. This press release includes the presentation of Adjusted EBITDA, which is a supplemental measure of performance that is neither required by, nor presented in accordance with, generally accepted accounting principles " GAAP " or international financial reporting standards " IFRS ". Operator of four principal casino brands , each focused on providing distinctive entertainment experiences and value to their guests: Grand Villa, Starlight, Cascades and Playtime. Leisure also will file other documents regarding the proposed transaction with the SEC. Details of the conference call and simultaneous webcast will be provided on January 6 , Marc J. Leisure Acquisition Corp. No portion of Leisure's or Gateway's websites is incorporated by reference into or otherwise deemed to be a part of this news release. Gateway is recognized across the industry for its operational expertise and focus on providing great gaming, entertainment and food and beverage experiences, world-class guest service and financial discipline. Existing GTWY shareholders are expected to remain, altogether, the largest shareholders of the combined company. Organization Profile.{/INSERTKEYS}{/PARAGRAPH} Gateway management provided Leisure with forward-looking projections as part of its due diligence. Upon Mr. Gateway and Leisure will jointly host an investor conference call to discuss the business combination on January 7, following the market close. Lorne, Dan and Marc's respective industry experience and extensive relationships, combined with access to public capital markets, will favorably position the Company to accelerate its strategies to deliver strong, profitable growth and increased free cash flow. Silvers commented, "Early in our lifecycle, we identified Gateway as an attractive opportunity to leverage our team's deep experience and skills in the leisure and gaming sector. Leisure's Executive Chairman A. Lyle Hall , Olga Ilich and Dr. A multi-pronged growth strategy has seen GCEL diversify and expand its product offering, including developing proprietary casino and restaurant brands, dramatically improving the gaming customer experience while attracting new customers. As part of its expansion plan, over the next three years Gateway expects to open three new casinos in Ontario , relocate two casinos in Ontario and relocate two casinos in British Columbia , all in attractive and underpenetrated new markets. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic, and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. I believe the Canadian gaming market offers unparalleled growth opportunities and Gateway has always been a platform that I found to be highly-compelling. This press release includes certain forward-looking statements, including statements regarding future financial performance, future growth and future acquisitions. Leisure, GTWY and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Leisure's shareholders in connection with the proposed transaction. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Leisure, GTWY Holdings or Gateway, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Management Commentary: Gabriel de Alba , Managing Director and Partner of Catalyst and Executive Chairman of Gateway, stated, "With its strong corporate and property operating teams, diversified growth initiatives, and industry-leading operating model, Gateway has built tremendous momentum and established a solid foundation for ongoing growth. In connection with the merger, outstanding shares of Leisure will be converted in the business combination into the right to receive shares of GTWY at a fixed exchange rate of one-to-one. Gateway believes such non-IFRS are useful measures of performance and uses such measures in order to facilitate operating performance comparisons on a consistent basis from period to period, to provide a more complete understanding of factors and trends affecting its business, to prepare annual operating budgets and forecasts and to determine components of management compensation. Board of Directors since December 1, Falcone is also the principal of MF Ventures LLC, a diversified investment platform with investments in companies involved in the hospitality, gaming and leisure industries, including Kentucky Downs located in Franklin, Kentucky , which operates historical horse racing machines. Just as importantly, this transaction will provide Gateway with the foundation for a very promising future as a leading, diversified gaming and entertainment platform throughout North America. In addition to the upfront consideration, the existing shareholders of GTWY will have the ability to receive an earn-out payment of up to 4. Additional information can be found at www. The disciplined execution of our near- and long-term strategies has created significant value and returns over the years for all of the Company's shareholders. Estimated outstanding balance as of December 31, Falcone to lead Gateway as Chief Executive Officer. We are thankful to Tony for his leadership of Gateway and his key role going forward. Additionally, Gateway's financial measures include a non-IFRS financial measure Adjusted EBITDA and as a result such information will be presented differently in Leisure's proxy statement relating to the proposed transaction and may fluctuate materially depending on many factors. The Company's projected organic revenue and Adjusted EBITDA growth pipeline reflects a number of rebranding and renovation initiatives across its portfolio along with three new development opportunities and four property relocations expected to open over the next three years. Prior to joining Deutsche Bank Securities Inc. From May to June , Mr. Accordingly, Leisure's financial results in any particular period may not be indicative of future results. Additional information is available at www. Further, investors should keep in mind that certain of Gateway's financial results are unaudited and do not conform to SEC Regulation S-X. Leading market position in both British Columbia and Ontario. Warrants for 1. {PARAGRAPH}{INSERTKEYS}Gateway has also announced that, shortly following completion of the Transaction, Marc J. In conjunction with Leisure's evaluation of the Transaction, on December 19, Gateway provided Leisure with the following projections for the respective years ending December 31 :. We look forward to being partners with Gabriel, Marc and the entire Gateway team as we enter what we expect will be the Company's next phase of growth. Michael Percy also are expected to join upon closing of the Transaction. Accordingly, there can be no assurance that the prospective forecasts are indicative of the future performance of Gateway or that actual results will not differ materially from those presented in the prospective financial information.