It looks like Great Canadian Gaming Corp. isn't the only one getting rich thanks to the provincial government's hands off approach to slot machine expansion. The British Columbia Investment Management Corp., which manages the province's municipal, public service and teachers' pension funds (among other clients), holds 145,300 shares in Great Canadian currently worth $5.5 million. Those shares give the investment management corp. a 0.6 percent stake in the company. The largest shareholder, with a 30.7 percent stake, is Great Canadian chairman and chief executive Ross McLeod, who personally holds 8,001,885 shares currently worth $302.5 million. Influential Liberal backroom boy Patrick Kinsella, who is co-chairing the party's 2005 re-election committee, has worked for the company as a consultant and has characterized Mr. McLeod as "a good friend of mine."
November 11, 2004