Presentation: Hamilton City CouncilSeptember 19th, 2012

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CORPORATE OVERVIEW• Canada’s largest publicly traded gaming company, founded in

1982

• Operations across British Columbia, Ontario, Nova Scotia and Washington State

• Product offerings include casino and bingo gaming; horseracing; entertainment and hospitality□ Own and operate 12 casino properties, including 2 Racetrack Casinos □ Own and operate 3 community gaming/bingo centres (bingo and slots)□ Own and operate 2 Horse Racetracks (Ontario)□ Own and operate the most horse race tracks in Canada (4)

• Headquartered in BC with Coast to Coast operations with over 4,700 employees

• Experienced management team of industry and business veterans

• Committed to providing high quality guest experience

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CORPORATE OVERVIEW• Financial Highlights

□ Over $1.0 billion in annual Gross Gaming Revenues with majority paid to Provincial Governments

□ Invested approximately $1.0 billion in capital property assets

□ EBITDA growth as a result of operating discipline

□ Strong balance sheet provides financial and operational flexibility

□ Poised for strategic growth

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STABLE BUSINESS MODEL IN CONJUNCTION WITH PROVINCIAL AND MUNICIPAL PARTNERS

Partnership Model in Canada■ Currently operate in 2 jurisdictions (BC and Nova Scotia) which

employ the privatized model similar to which the OLG is transitioning

■ Provincially owned Crown corporations are active partners in theoversight and management of gaming operations, including offering industry leading Responsible Gaming programs

■ Strong relationships with these partners have been developed over thirty years in the business

■ All stakeholders are incentivized to grow the business, as grossrevenue is split between the operator, the province, and the host municipality

■ Gaming revenues form a critical component of provincial and civic budgets

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Jurisdiction Table Revenues Slot RevenuesGaming Related Capital

Expenditure Reimbursement

LTM Revenues1

LTM EBITDA1

British Columbia GC receives 40% of hold on standard table games, 75% of craps table hold and poker rake

GC receives 25% of slot win Yes $299.5 $132.9

Ontario -GC receives 10% of slot win until March

31, 2013 No $34.5 $17.7

Nova Scotia GC receives 52.725% of table hold GC receives 52.725% of slot win Yes $42.5 $11.8

Washington State GC receives 100% of table hold less county taxes of 10-11% - No $22.5 $3.8

Total Properties $399.0 $166.2

Corporate and Other $0 ($20.7)

TOTAL $399.0 $145.5

1Financial data as of Last Twelve Months ended March 31, 2012 and are expressed in millions of Canadian dollars.

COAST-TO-COAST OPERATIONS

British Columbia:River Rock Casino ResortBoulevard CasinoView Royal CasinoCasino NanaimoFraser Downs Racetrack and CasinoHastings Racecourse and Slot FacilityChances Dawson CreekMaple Ridge Community Gaming CentreChilliwack Community Gaming Centre

Washington State:Great American Casino – TukwilaGreat American Casino – LakewoodGreat American Casino – KentGreat American Casino – Everett

Ontario:Flamboro DownsGeorgian Downs

Nova Scotia:Casino Nova Scotia – HalifaxCasino Nova Scotia – Sydney

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RIVER ROCK CASINO RESORT (RICHMOND, BRITISH COLUMBIA)

■ Company’s flagship property (renovated and expanded in 2011)

■ Located in Richmond, British Columbia, the Western most municipality within the Greater Vancouver Regional District (surrounding population: 2,300,0001), minutes from the Vancouver International Airport

■ Western Canada’s largest casino resort■ Features: 1,100 slot machines; 112 table games;

free parking (and room for future gaming expansions)

■ Additional amenities include: three hotel towers with 395 rooms, 1,000-seat show theatre, seven dining options, conference facilities, pool, spa, Racebook, and marina

■ Revenue and EBITDA driven by exceptional, personalized guest service, recent property enhancements that include a high limit VIP room

■ High guest volumes and revenue growth facilitated by proximity to the Canada Line rapid transit rail system

PROPERTY REVENUE

1 Source: Statistics Canada website at www12.statcan.gc.ca from “Census Profile – Greater Vancouver Regional District”

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BOULEVARD CASINO (COQUITLAM, BRITISH COLUMBIA)

■ Company’s 2nd largest property (renovated in 2005)

■ Adjacent to the Trans-Canada highway, in Coquitlam, British Columbia centrally located within the Greater Vancouver Regional District (surrounding population: 2,300,0001) and easily accessible from surrounding communities of Burnaby, New Westminster, Surrey and North Vancouver

■ Features: 1,000 slot machines; 64 table games; high limit VIP areas; and ample free parking

■ Additional amenities include: 1,100-seat show theatre, four dining options, and Racebook

■ In advance of the local highway construction completion in 2013, which will provide better access to this property, a significant property refresh and rebranding is anticipated to increase customer visitation

■ Company has plans to add a hotel with conference space

PROPERTY REVENUE

1 Source: Statistics Canada website at www12.statcan.gc.ca from “Census Profile – Greater Vancouver Regional District”

* Rendering of the planned renovation and hotel development at Boulevard

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HASTINGS RACECOURSE & SLOTS FACILITY (VANCOUVER, BRITISH COLUMBIA)

■ BC’s only live thoroughbred racing option (renovated to include slots in 2007)

■ Adjacent to the Trans-Canada highway, in Vancouver, British Columbia located on the Pacific National Exhibition fairgrounds

■ Located within the Greater Vancouver Regional District (surrounding population: 2,300,0001) and accessible from surrounding communities of North Vancouver and Burnaby

■ Features and amenities include: 596 slot machines, three dining options, a concession, thoroughbred racing, and a Racebook

PROPERTY REVENUE

1 Source: Statistics Canada website at www12.statcan.gc.ca from “Census Profile – Greater Vancouver Regional District”

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FRASER DOWNS CASINO (SURREY, BRITISH COLUMBIA)

PROPERTY REVENUE

1 Source: Statistics Canada website at www12.statcan.gc.ca from “Census Profile – Greater Vancouver Regional District”

■ BC’s only live standard bred racing option (renovated to include slots and table games in 2007)

■ Located in Surrey, British Columbia within the Greater Vancouver Regional District (surrounding population: 2,300,0001) and easily accessible from surrounding communities of Langley, Delta and White Rock

■ Features and amenities include: 469 slot machines, 10 table games, four dining options, a concession, standardbred racing, and a Racebook

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ONTARIO OVERVIEW• Two Ontario Racetrack properties

□Georgian Downs – Innisfil, Ontario

□Flamboro Downs – Hamilton (Dundas)

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GEORGIAN DOWNS (INNISFIL, ONTARIO)

■ Located in the Township of Innisfil (Population: 33,0001), 15 minutes south of the City of Barrie (Population: 136,0001) and 45 minutes north of the City of Toronto (Population: 2,615,0001)

■ Property renovated in 2009 including an expanded slot floor

■ Invested ~$33m in the expansion along-side the OLG’s $45m

■ Property features 1,000 slot machines operated by OLG, standardbred horse racing, four dining options, a concession, meeting facilities and a Racebook simulcast facility

PROPERTY REVENUE

1 Source: Statistics Canada website at www12.statcan.gc.ca from “2011 Census of Population”

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FLAMBORO DOWNS (HAMILTON, ONTARIO)

■ Located in City of Hamilton, (Population: 520,0001)

■ GCGC has approximately $100m in capital invested in Flamboro

■ Property is well maintained

■ Property features 800 slot machines operated by OLG, standardbred horse racing, four dining options, meeting facilities and operates four Racebooks (on-site, Hamilton, Stoney Creek, and Burlington)

PROPERTY REVENUE

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FLAMBORO DOWNS HIGHLIGHTS• Annual Slot Revenue: $123.0 million

• Revenue to Hamilton:□ Slots (municipal share) $4.6 million

□ Property taxes 0.8 million» Total $5.4 million

• Local Goods and Services: $5.0 million

• Local Payroll:□ OLG employees $10.9 million

□ GCGC employees $ 5.0 million

□ Horseracing employees $ n/a

• Capital Invested by GCGC of ~$100 million

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FLAMBORO DOWNS HIGHLIGHTS• Employment

□ OLG 225 FTE’s

□ GCGC 175 FTE’s

□ Horseracing 250 FTE’s (per race day)

• GCGC Employee Demographics–72 % of employees reside in Hamilton

–7% of employees reside in Burlington

–5% of employees reside in Niagara Region

–16% of employees reside in nearby areas

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FUTURE OF FLAMBORO DOWNS• City of Hamilton Council Resolution supporting

Flamboro Downs – April 11, 2012

• GCGC is committed to continuing to operate horseracing at Flamboro Downs, but Provincial Government support is needed, otherwise there will be no horse racing at Flamboro Downs after March 31,2013

• GCGC and OLG are negotiating a lease agreement for the continued operation of the slot facility effective April 1,2013

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HORSE RACING INDUSTRY TRANSITION PANEL

• In June 2012, three former Ontario Cabinet ministers were engaged to make recommendations about how the Ontario Government could help the horse race industry adjust to the end of the Slots at Racetrack Program (SARP)

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PANEL’S KEY FINDINGS• Continuing the Slots at Race Track program would be

poor public policy and would allow the industry to keep evading the competitive challenges of today’s entertainment marketplace

• Given the significant public good derived from horseracing, the Province should pursue a gaming strategy that includes horse racing as a key component

• Without slots revenue or a new revenue stream, the horse race industry in Ontario will cease to exist

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PANEL’S KEY FINDINGS• A viable and vibrant horse racing industry is simply

not feasible today without public investment

• If the industry were to shut down, the implications for thousands of people and horses would be dire:□ 20,000-30,000 direct and indirect jobs could be lost

□ Of the current 26,000 horses in the industry, experts estimate that between 7,500-13,000 would need to be euthanized

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PANEL’S KEY FINDINGS• The Panel strongly encourages the Government to

keep horse racing in the mix of gaming opportunities in Ontario by forging a new partnership with the Industry

• This support could take a number of different forms-such as direct funding; paying enhanced rent to tracks for their slot facilities or allowing race tracks to offer new gaming products

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PANEL’S KEY FINDINGS• The Panel believes that Ontario’s vibrant world class

horse racing and breeding industry is worth saving

• The right level of public investment with the right public interest conditions would have a positive impact on employment, the economy, government finances and the industry’s future

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GCGC’S POSITION• Due to the termination of the Slots at Race Track

Program, there is significant uncertainty for the future of horse racing at Flamboro Downs after March 31,2013

• A viable horse racing industry requires a dedicated level of provincial government funding to support a right-sized and sustainable provincial horse racing industry

• GCGC is committed to continued horse racing at Flamboro Downs provided that the industry, in conjunction with the provincial government can establish a viable model

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GCGC’S POSITION• GCGC believes that Flamboro Downs plays a critical role in

supporting the local communities and businesses and could be the optimal location for a renovated state of the art casino gaming and horse racing facility

• For the long term, if the City of Hamilton and the OLG are interested in an alternative location for a casino gaming facility, then GCGC provides both the operational and development expertise to deliver a new exciting and competitive casino gaming facility while continuing to operate horse racing under aviable model and with the existing casino continuing to generatebenefits both to the City and Province while a new site is beingdesigned and built.

• GCGC is best positioned to deliver both a high quality casino gaming and horse racing solution for SW 9 and to be the best strategic partner for the City of Hamilton, the OLG and the Government of Ontario.