ANNUAL INFORMATION FORM for the FISCAL PERIOD ENDED DECEMBER 31, 2014 350 – 13775 Commerce Parkway Richmond, British Columbia V6V 2V4 Telephone: (604) 303-1000 Facsimile: (604) 279-8505 www.gcgaming.com March 2, 2015 (Expressed in millions of Canadian dollars, except for per share information) TABLE OF CONTENTS Page DEFINITIONS AND INTERPRETATION ................................................................................................ 1 Definitions ................................................................................................................................................ 1 Currency and Presentation ................................................................................................................... 6 Forward-Looking Information ............................................................................................................... 6 Non-IFRS Measures .............................................................................................................................. 7 CORPORATE STRUCTURE ................................................................................................................... 8 Name, Address and Incorporation ....................................................................................................... 8 Intercorporate Relationships ................................................................................................................. 8 GENERAL DEVELOPMENT OF THE BUSINESS ............................................................................. 10 Three Year History ............................................................................................................................... 10 BUSINESS OF THE COMPANY ........................................................................................................... 12 Overview ................................................................................................................................................ 12 Corporate Social Responsibility ......................................................................................................... 12 Property Operations Summary ........................................................................................................... 12 Revenues .............................................................................................................................................. 14 British Columbia ................................................................................................................................... 14 Ontario ................................................................................................................................................... 19 Nova Scotia ........................................................................................................................................... 23 Washington State ................................................................................................................................. 24 Property Ownership Summary ........................................................................................................... 26 Specialized Skills & Knowledge ......................................................................................................... 27 Major Developments ............................................................................................................................ 27 Regulation and Licensing .................................................................................................................... 29 Anti-money Laundering in the Gaming Sector ................................................................................. 34 Operating Agreements ........................................................................................................................ 34 Agreements Related to Horse Racing .............................................................................................. 36 RISK FACTORS ....................................................................................................................................... 38 Operational Services Agreements ..................................................................................................... 38 Significance of River Rock Casino Resort ........................................................................................ 39 Ontario Operations ............................................................................................................................... 39 Ontario Standardbred Alliance ........................................................................................................... 39 Competition ........................................................................................................................................... 39 Online Gambling ................................................................................................................................... 40 Management of Capital Projects ........................................................................................................ 41 Availability of Financing ....................................................................................................................... 41 Construction Considerations .............................................................................................................. 41 Management of Expanding Operations ............................................................................................ 41 Success of Expanding Operations .................................................................................................... 41 Unionization .......................................................................................................................................... 41 Indebtedness and Liquidity Risk ........................................................................................................ 42 Maintaining Covenants under Debt Facilities .................................................................................. 43 Future Capital Needs ........................................................................................................................... 43 Market Risk ........................................................................................................................................... 43 Credit Risk ............................................................................................................................................. 43 Renewal of Horse Racing Agreements ............................................................................................. 43 Washington State Licenses ................................................................................................................ 44 Government Restrictions ..................................................................................................................... 44 Regulatory Regime .............................................................................................................................. 44 High Level of Regulation ..................................................................................................................... 44 Renewal of Site Operating Leases .................................................................................................... 45 Horse Racing Revenue Declines ....................................................................................................... 45 BC Horse Racing Revenue Allocations ............................................................................................ 45 Dependence on Key Personnel ......................................................................................................... 45 Access to Properties ............................................................................................................................ 45 Fluctuations in Market Share Price.................................................................................................... 45 Reassessment of Tax Filings by Tax Authorities ............................................................................ 45 First Nations’ Claims ............................................................................................................................ 46 Acquisitions ........................................................................................................................................... 46 Acquisition and Business Development Opportunities ................................................................... 46 Non-realization of Cost Reductions and Synergies ........................................................................ 47 Ability to Utilize or Add Slot Machines .............................................................................................. 47 Negative Connotations Linked to the Gaming Industry .................................................................. 47 Sensitivity to General Economic Conditions .................................................................................... 47 Technology Dependence .................................................................................................................... 47 Privacy Breaches and Data Theft ...................................................................................................... 48 Other Risk Factors 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