Gateway Casinos & Entertainment Ltd, a Vancouver-based gaming and entertainment company, has filed a draft registration with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common shares.
The IPO, which has not yet been priced, is expected to commence following the SEC’s review and subject to market and other conditions.
Founded in 1992, Gateway operates 25 gaming properties with more than 280 tables, over 9,600 slots, 68 restaurants and bars and 272 hotel rooms. It recently expanded operations in Ontario.
Gateway was acquired in 2010 by Canadian private equity firm Catalyst Capital Group, which restructured the business, reduced debt, and injected new capital.
Catalyst Managing Director and Partner Gabriel de Alba is Gateway’s chairman.
Gateway Casinos & Entertainment to File Confidential Draft Registration Statement for Proposed Initial Public Offering
September 25, 2018
BURNABY, British Columbia–(BUSINESS WIRE)–Gateway Casinos & Entertainment Limited (“Gateway”), one of the largest and most diversified gaming and entertainment companies in Canada, today announced that it will confidentially submit a draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common shares. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.
Gateway Casinos & Entertainment Limited
Carrie Kormos, +1-416-456-5606
Senior Vice President, Marketing and Communications
Dan Gagnier / Jeff Mathews