Canadian regulator has suspended the trading of Great Canadian Gaming Corp’s (GCGC) stocks ahead of the awarding of the control of gambling operations in Ontario.

GCGC is one of the three remaining gambling operators vying for the control of the Greater Toronto Area’s (GTA) gambling operations. Malaysian-based conglomerate Genting BHD and US-based Caesars Entertainment are also bidding on the multi-billion dollar deal.

The Globe and Mail reported that The Ontario Lottery and Gaming Corp (OLG). Is set to announce the winning bid on Thursday but the sudden surge of GCGC stocks last week has fueled speculations that the announcement will come at an earlier time.

Data from the Toronto Stock Exchange showed that GCGC’s stock surged five percent in four days last week and closed at CAD25.43 (US$20.06) per share last Thursday.