Macquarie Bank/PBL joint venture to acquire Gateway Casinos

Macquarie Bank Limited (Macquarie) notes the attached release made in relation to the acquisition of Gateway Casinos Income Fund (TSX: GCI.UN) (“GCIF”) and related private companies.

Gateway Casinos is one of the largest casino operators in Western Canada. The acquisition will be made by New World Gaming, a joint venture owned by Publishing and Broadcasting Limited (PBL) and Macquarie.

Macquarie is committing C$195 million (A$207 million) equity towards the joint venture. The impact on Macquarie’s Tier 1 capital ratio is anticipated to be a decrease of approximately 0.5%.