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November 17, 2017

OG真人官网 & West Face Capital Announce Proposed Sale of Centaur Gaming

Toronto, Ontario (November 16, 2017)OG真人官网 Group Inc. (TSX: CVG) (“CVG”), together with OG真人官网 Equity Partners IV (“CEP IV”, collectively “OG真人官网”), and West Face Capital Inc. (“West Face”) announced today that Centaur Holdings, LLC (“Centaur Gaming” or the “Company”) has entered into an agreement to be acquired by Caesars Entertainment Corporation. Centaur Gaming is the owner and operator of the Hoosier Park Racing and Casino (“Hoosier Park”) based in Anderson, Indiana, and the Indiana Grand Racing and Casino (“Indiana Grand”) based in Shelbyville, Indiana.

OG真人官网 and funds advised by West Face initially invested jointly in Centaur Gaming in 2010 through the purchase of debt securities in Hoosier Park’s parent corporation at the time. The Company was restructured and West Face and OG真人官网 and their affiliates have a material interest in the unsecured terms loans of the Company. Centaur Gaming would later acquire Indiana Grand.

The proposed transaction is subject to regulatory approvals and is expected to close during the first half of 2018.

Should the transaction close on anticipated terms, the sale of Centaur Gaming is expected to increase OG真人官网’s book value by approximately $3 per share from the September 30, 2017 book value per share of $37.89.  The increase reflects the impact of carried interest from CEP IV and management participation entitlements.

Details of the proposed transaction are contained in the news release issued today by Caesars Entertainment Corporation, which is appended to this release.

Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
mariak@spzxyuechi.com