GNCC Capital, Inc. (OTCPK:GNCP) acquired Gold Coast Gaming Corp for $2.6 million in stock on August 11, 2014. As part of consideration, GNCC issued 2.57 million Series D convertible preferred stock at a price of $1. GNCC did not assume any liabilities and will not be taking any impairment charges on this acquisition. The existing management of Gold Coast will continue to manage the day to day operations and will oversee and execute the planned and targeted acquisition program. Peter Voss joined the Board of Gold Coast. Gold Coast will employ its own Finance Director and Operations Director upon the completion of the additional four acquisitions. Gold Coast will contribute to the GNCC's revenues with immediate effect.

GNCC Capital, Inc. (OTCPK:GNCP) completed the acquisition of Gold Coast Gaming Corp on August 11, 2014.