RE:RE:RE:RE:GCG now operated and owned by Americans...Appolo (GCG) and Catalyst Capital (Gateway Casinos) are both owners that have exit plans. Private equity capital makes the company better and more valuable then spins it out...to some other owner or goes for another staged IPO
Gateway went private in 2010 ...and Catalyst has been looking to unload some or all of it since 2012 ...last year a sale for 1.5 BB fell through...pandemic related
Glad we have inside ownerhip and seasoned operators.
Now there will come a day when succession planning becomes more important....
cpeczek wrote:
Here is hoping they shape up GC then spin it off down the line.