U.S. equity firm vows to expand casino company at centre of money-laundering inquiry - News Summed Up

U.S. equity firm vows to expand casino company at centre of money-laundering inquiry


The private U.S. equity firm that's bid to take over the Great Canadian Gaming Corporation is promising to expand the company and hire more Canadian staff at its casinos and raceways. Great Canadian Gaming has been hit hard by the pandemic, with its entertainment and hospitality facilities in B.C., Ontario, New Brunswick and Nova Scotia forced to close. (Evan Mitsui/CBC)Cullen Commission inquiryMeanwhile, Great Canadian Gaming is on centre stage at the ongoing Cullen Commission inquiry into money laundering in the Vancouver area. Mark Skwarok, the lawyer representing Great Canadian Gaming, said the company did not put profit before people. Apollo is a global investment management company with offices in cities around the world including New York, Frankfurt and Hong Kong, with assets worth almost $433 billion.


Source: CBC News November 12, 2020 15:35 UTC



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