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Fortunately, we found a last minute good deal with Delta Burnaby Hotel. Delta is located in a small city outside of Vancouver. It's a short 10 minute drive to downtown Vancouver. The hotel itself has a casino, some small eateries, and a Starbucks on the first floor. Enjoy a modern twist on the classic steakhouse at Atlas Steak + Fish, the signature restaurant at our Burnaby hotel. Indulge in Monterey Bay Calamari or Ahi Tuna Poke and then enjoy Tomahawk Pork Chops or Wild Mushroom Risotto. Reservations required. Open for lunch and dinner Dress code: Casual Phone: +1 604-453-0776.

Catalyst Capital Group Inc.'s latest attempt to cash in its chips in Burnaby-based Gateway Casinos and Entertainment Ltd. looks like it might be a long shot.

The Toronto-based private equity firm that owns Gateway had agreed in December to sell the 27-property gaming operation to New York City's Leisure Acquisition Corp. for $1.5 billion. Andrew roulette videos.

The transaction was set to close on April 5, but that closing date was pushed back to June 30.

Last week, Leisure Acquisition's shareholders voted to again extend the deadline for closing the deal to buy Gateway – this time until December 1.

Gateway's holdings in Metro Vancouver include the Grand Villa Casino in Burnaby, the Starlight Casino in New Westminster and the Cascades Casino Resort in Langley.

South african casino online. 'The company believes that it is unlikely that there will be sufficient time before June 30, 2020 to complete an initial business combination,' Leisure Acquisition said in a June 23 corporate filing.

It then added some doubt about whether the transaction would ever close.

'Either the company or Gateway has the ability to terminate the merger agreement to the extent the business combination has not been completed by July 15, 2020,' Leisure Acquisition said in its filing. 'There can be no assurance that it will be possible to complete a business combination with Gateway prior to July 15, 2020.'

With the COVID-19 pandemic ravaging many service-sector businesses' balance sheets, plenty of mergers and acquisitions in those industries that were agreed to before March have either been scrapped or are uncertain to close.

Victoria's Secret owner L Brands in February agreed to sell a 55% stake to Sycamore Partners for US$525 million, but then accepted Sycamore's bid to scuttle the transaction.

Cineworld Group plc (LSE:CINE) similarly terminated its $2.8 billion takeover of Cineplex Inc. (TSX:CGX).

Rumours have swirled that Air Canada (TSX:AC) has been lobbying federal officials to block its plans to buy Air Transat for $700 million, although Canada's national carrier has denied those reports.

Lawson Lundell partner Mandeep Dhaliwal stressed to Business in Vancouver that he is not aware of the situation between Catalyst and Leisure Acquisition. However, he said, that the global pandemic is likely giving many companies pause to consider transactions that have not yet completed.

'A lot of companies that had agreed to transactions, if they think that things have materially changed and would not be as beneficial, they would be scrutinizing the text of contracts to see if there is anything for material adverse change or force majeure [unforeseeable circumstances that could prevent a company from fulfilling a contract],' Dhaliwal told Business in Vancouver.

'Certainly there's been a lot of conversations about this in the past few months.'

Dhaliwal, whose practice deals mainly with banks and private lenders in secured and unsecured financing transactions, said that while deal flow is down from 2019 corporate transactions are being completed.

'Now, I was a bit of a pessimist to begin with, thinking that things would fall off a cliff, so it's all a matter of perspective, but transactions have been closing over the past few months,' he said.

Back in 2010, Dhaliwal's firm represented Catalyst on some aspects of its acquisition of Gateway.

Gateway had morphed from being an income fund in 2007 to being owned by two shareholders: Crown and Macquarie Bank.

Those entities borrowed more than $1 billion from various banks, and in 2010 had started to run into trouble.

A consortium of debt holders, led by Catalyst, started buying Gateway's debts from various banks and consolidated that debt.

Catalyst executives then offered an ultimatum to Gateway principals on behalf of all the debt holders. Catalyst wanted Gateway to either pay off its debts or ante-up the lion's share of the company's equity.

That set the wheels in motion for the debt-holders to pay off $1 billion of Gateway's $1 billion-plus in debt and provide a capital infusion of $100 million, and a $500 million term loan.

In exchange, they got 98% of the company and were free to start racking up some new debt of their own.

Dhaliwal told BIV in 2011 that he found it fascinating to watch how private equity investment firms went out to purchase public debt with an eye to becoming management, and acquiring equity, only to then go out and raise new debt for the enterprise.

Once in control of Gateway, the Catalyst consortium hired Jefferies and Co. to raise hundreds of millions of dollars of debt in the bond market.

Catalyst also briefly intended to take Gateway public in 2012 but did not complete the IPO.

Gateway bills itself as one of the largest and most diversified gaming and entertainment companies in Canada, with 25 gaming properties in B.C. and Ontario as well as two additional properties in Edmonton Alberta.

It employs 8,200 people and features 423 table games, 14,076 slot machines, 82 food and beverage outlets and 561 hotel rooms.

4331 Dominion Street,V5G 1C7Burnaby

Next to the Grand Villa Casino and Scala Show Lounge, this Burnaby hotel offers free WiFi in all areas.

All guestrooms offer a 55' flat-screen TV with HD film options. Guests will also appreciate spacious work desks, as well as in-room coffee and tea. A private bathroom includes a shower, free toiletries, and bathrobes.

For on-site dining, Atlas Steak + Fish serves a modern twist on the iconic North American steakhouse. For breakfast, Villa Bistro offers a modern North American twist on the classic Provencal Bistro.

A fitness center and a business center provides guests with additional convenience. Free parking is available on-site.

Metrotown Mall is 2.7 mi away from the property. Vancouver city center is a 7.5 mi drive away.

Rooms: 6

Hotel Chain: Delta

Facilities of Delta Hotels by Marriott Burnaby Conference Centre

Activities

• Hiking
• Bowling

• Happy hour

Food & Drink

• Restaurant
• Bar

• Snack bar

• Vending machine (drinks)
• Vending machine (snacks)

Transportation

• Car rental

Front Desk Services

• 24-hour front desk
• Express check-in/out

• Baggage storage

• ATM on site

Entertainment & Family Services

• Casino

• Nightclub/DJ

Cleaning Services

• Laundry
• Dry cleaning

• Ironing service

• Suit press

Business Facilities

• Meeting/Banquet facilities
• Business center

• Fax/Photocopying

Shops

• Gift shop

• Convenience store (on site)

Miscellaneous

• Non-smoking rooms
• Facilities for disabled guests
• Elevator

• Heating
• Smoke-free property

• Air conditioning

Safety & security

• Safe
• 24-hour security
• Smoke alarms

• CCTV in common areas
• CCTV outside property

• Fire extinguishers

Safety features

• Staff follow all safety protocols as directed by local authorities
• Shared stationery (e.g. printed menus, magazines, pens, paper) removed
• Hand sanitizer in guest accommodation and common areas

• First aid kits available
• Access to healthcare professionals

A consortium of debt holders, led by Catalyst, started buying Gateway's debts from various banks and consolidated that debt.

Catalyst executives then offered an ultimatum to Gateway principals on behalf of all the debt holders. Catalyst wanted Gateway to either pay off its debts or ante-up the lion's share of the company's equity.

That set the wheels in motion for the debt-holders to pay off $1 billion of Gateway's $1 billion-plus in debt and provide a capital infusion of $100 million, and a $500 million term loan.

In exchange, they got 98% of the company and were free to start racking up some new debt of their own.

Dhaliwal told BIV in 2011 that he found it fascinating to watch how private equity investment firms went out to purchase public debt with an eye to becoming management, and acquiring equity, only to then go out and raise new debt for the enterprise.

Once in control of Gateway, the Catalyst consortium hired Jefferies and Co. to raise hundreds of millions of dollars of debt in the bond market.

Catalyst also briefly intended to take Gateway public in 2012 but did not complete the IPO.

Gateway bills itself as one of the largest and most diversified gaming and entertainment companies in Canada, with 25 gaming properties in B.C. and Ontario as well as two additional properties in Edmonton Alberta.

It employs 8,200 people and features 423 table games, 14,076 slot machines, 82 food and beverage outlets and 561 hotel rooms.

4331 Dominion Street,V5G 1C7Burnaby

Next to the Grand Villa Casino and Scala Show Lounge, this Burnaby hotel offers free WiFi in all areas.

All guestrooms offer a 55' flat-screen TV with HD film options. Guests will also appreciate spacious work desks, as well as in-room coffee and tea. A private bathroom includes a shower, free toiletries, and bathrobes.

For on-site dining, Atlas Steak + Fish serves a modern twist on the iconic North American steakhouse. For breakfast, Villa Bistro offers a modern North American twist on the classic Provencal Bistro.

A fitness center and a business center provides guests with additional convenience. Free parking is available on-site.

Metrotown Mall is 2.7 mi away from the property. Vancouver city center is a 7.5 mi drive away.

Rooms: 6

Hotel Chain: Delta

Facilities of Delta Hotels by Marriott Burnaby Conference Centre

Activities

• Hiking
• Bowling

• Happy hour

Food & Drink

• Restaurant
• Bar

• Snack bar

• Vending machine (drinks)
• Vending machine (snacks)

Transportation

• Car rental

Front Desk Services

• 24-hour front desk
• Express check-in/out

• Baggage storage

• ATM on site

Entertainment & Family Services

• Casino

• Nightclub/DJ

Cleaning Services

• Laundry
• Dry cleaning

• Ironing service

• Suit press

Business Facilities

• Meeting/Banquet facilities
• Business center

• Fax/Photocopying

Shops

• Gift shop

• Convenience store (on site)

Miscellaneous

• Non-smoking rooms
• Facilities for disabled guests
• Elevator

• Heating
• Smoke-free property

• Air conditioning

Safety & security

• Safe
• 24-hour security
• Smoke alarms

• CCTV in common areas
• CCTV outside property

• Fire extinguishers

Safety features

• Staff follow all safety protocols as directed by local authorities
• Shared stationery (e.g. printed menus, magazines, pens, paper) removed
• Hand sanitizer in guest accommodation and common areas

• First aid kits available
• Access to healthcare professionals

• Face masks for guests available

Physical distancing

• Contactless check-in/out
• Cashless payment available

• Physical distancing rules followed

• Screens or physical barriers between staff and guests in appropriate areas

Cleanliness & disinfection

• Use of cleaning chemicals that are effective against coronavirus
• Linens, towels, and laundry washed in accordance with local authority guidelines

• Guest accommodation disinfected between stays

• Guests have the option to cancel any cleaning services for their accommodation during their stay

Food & drink safety

• Physical distancing in dining areas
• Food can be delivered to guest accommodation

• All plates, cutlery, glasses, and other tableware sanitized

Internet

WiFi is available in the hotel rooms and is free of charge.

Parking

Free private parking is available on site (reservation is not needed).

Policies of Delta Hotels by Marriott Burnaby Conference Centre

These are general hotel policies for Delta Hotels by Marriott Burnaby Conference Centre. As they may vary per room type, please also check the room conditions.

Check-in

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From 15:00 hours

Check-out

Until 11:00 hours

Cancellation / Prepayment

Cancellation and prepayment policies vary according to property type.

Children and Extra Beds

Free!Up to three children under 18 years stay free of charge when using existing beds.

There is no capacity for extra beds in the room.

The maximum number of total guests in a room is 4.

There is no capacity for cribs in the room.

Pets

Pets are allowed on request. Charges may apply.

Groups

When booking more than 9 rooms, different policies and additional supplements may apply.

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Accepted credit cards

• Mastercard
• Visa
• Discover
• Diners Club
• American Express

The property reserves the right to pre-authorize credit cards prior to arrival.

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Important Information

Please note the Villa Bistro, the fitness center, the business center and the hot tub are closed until further notice.

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