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The three properties in question are Grand Villa Casino Burnaby, Starlight Casino New Westminster and Cascade Casino Langley, all located in the Greater Vancouver area.

On Monday, March 12, Gateway announced in a press release that the sale-leaseback transaction ended, generating more than $500 million in the company's total revenue. Net revenue is estimated to be about $483 million, the largest financial transaction in Gateway history. According to company CEO Tony Santo, the deal provides Gateway with additional liquidity and resources to contribute to the company's growth and debt reduction.

Under the newly agreed deal, Messierow Real Estate Sale-Lessback Inc., a net rental property investment subsidiary of Messierow Financial, will sign a long-term lease agreement and become the new renters of the three casinos. It won't own a casino. They will still be owned and operated by Gateway through new renters or subsidiaries. This will ensure an excellent customer experience delivered at these facilities. Both operations and staff will remain the same.

Gateway has 25 properties and is one of the most promising companies in the Canadian gambling market, with annual revenue of nearly $600 million. Despite signing three of the most popular casinos with an American company, he remains an operator. By December 2016, it operated only 12 casinos in Alberta and British Columbia, but entered the Ontario market with the acquisition of 11 casinos from OLG, greatly expanding its presence.

By comparison, Messiro Financial is a giant that generates $96 billion in annual revenue. The Chicago-based financial services company has signed multiple sale-leasing contracts worth more than $1.5 billion over the past two years, said Gary Cohen, chief executive officer of Messiro Financial in a statement. However, he explained that the three newly acquired casinos are strategic assets for U.S. companies.

The deal was signed with the help of Gateway's private equity fund, The Catalyst Capital Group. This Canadian Company Specializes In Investments In Buying, Restructuring Operations And More.