The Alberta Gaming and Liquor Commission and the British Columbia Gaming Policy and Enforcement Branch have approved the purchase of the Gateway Casinos Income Fund (TSX:GCI:UN) by Australia's New World Gaming Partners Ltd.
New World Gaming still needs regulatory approval from the British Columbia Lottery Corp.
Its offer to buy Gateway, which owns and operates casinos in B.C. and Albert, is expected to close November 14.
Gateway Casino's share price range during the past week: between $25.01 and $25.20; 52-week high: $26.20; 52-week low: $15.25.