Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Great Canadian Gaming Corp. Settles Dispute With Former Consultant

6/30/2012 5:56 PM ET

Great Canadian Gaming Corp. (GC.TO: Quote) announced that it has settled dispute with a former Ontario-based consultant. The total cash payment the company will make related to the settlement is $11.0 million.

The dispute arose in 2007 from the termination of a consulting agreement entered into as part of the 2005 acquisition of the company's Georgian Downs subsidiary.

The after-tax effect of the settlement to Great Canadian Gaming Corp. will be a reduction to the second quarter's net earnings of approximately $8.3 million.

Click here to receive FREE breaking news email alerts for Great Canadian Gaming Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks Close Modestly Lower After Lackluster Trading Day - U.S. Commentary
After showing a lack of direction throughout much of the session, stocks ended Monday's trading modestly lower. The slightly lower close on the day partly offset the strength that was seen in the markets last week. The major averages ended the day below the unchanged line but off their lows for the session.
Obama To Deliver Speech On Counterterrorism Policies, Use Of Drones
President Barack Obama reportedly plans to deliver a much-anticipated speech on Thursday outlining his administration's evolving counterterrorism policies. Multiple news sources cited a White House official as saying that Obama will address the use of drones and plans to close the detention facility at Guantanamo Bay in a speech at the National Defense University.
Immigration Officers Union Expresses Opposition To Senate Bill
A second union representing immigration enforcement officers has expressed opposition to the Senate version of comprehensive immigration reform legislation, arguing that the bill fails to address the "insurmountable bureaucracy" at the agency that oversees lawful immigration to the U.S.
FREE Newsletters & Alerts
Breaking News Alerts
Daily Market Briefing
Health
Technology
Biotechnology
signup

Follow RTT
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.
[X]
Copyright © 2013 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.
Privacy   |   Feedback   |   Sitemap