Indigenous Gaming Partners (IGP) has been approved to buy multi-casino operator Gamehost, expanding its brick-and-mortar footprint in Alberta to seven casinos and two hotels.
The First Nations group already owns four land-based casinos in the province via its takeover of Pure Casino Entertainment last year. It announced in late March that it had agreed to acquire Gamehost, which owns and operates Deerfoot Inn & Casino in Calgary, Great Northern Casino in Grande Prairie, Rivers Casino and Entertainment Centre in Fort McMurray, [and] the Service Plus Inns & Suites and Encore Suites by Service Plus hotels in Grande Prairie.
IGP will take ownership of all of those facilities once a subsidiary of Pure buys all outstanding common shares of Gamehost for $13.65 [US$9.75] in cash per share.
