Macquarie Bank/PBL joint venture to acquire Gateway Casinos

04 April 2007

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%.

For more information, please contact:

Stephen Yan
Macquarie Bank Public Relations
Tel: (612) 8232 2788

Jenny Kovacs
Investor Relations
Macquarie Bank Limited
Tel: (612) 8232 3250
Mobile: (614) 1354 6547

Gateway Casinos Press Release (pdf 128KB)

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