Sydney, 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%.