NANAIMO – Snuneymuxw First Nation has purchased its fifth casino in B.C.
Petroglyph Development Group (PDG), a wholly owned corporation of Snuneymuxw, and Great Canadian Entertainment announced they have entered into a definitive agreement to purchase the Great Canadian Casino Vancouver in Coquitlam.
Great Canadian Casino Vancouver is a property offering 917 slot machines, an array of 37 table games and 42 electronic table games. The destination offers the Gordon Ramsay Burger, the very first of the celebrity chef’s restaurants in Canada, The Show Theatre, a 1,050-seat venue showcasing music and comedy, and a variety of dining and nightlife options.
This marks the fifth major agreement for casino acquisition in the province for Snuneymuxw in the past 12 months, accelerating PDG’s momentum in building its gaming portfolio in Canada. Following the previously announced acquisitions of Casino Nanaimo and Elements Casino Victoria, as well as the execution of purchase agreements with respect to River Rock Casino Resort and Chances Maple Ridge, PDG is positioned to become one of the largest casino operators in B.C. and Canada’s largest Indigenous-owned gaming operator by revenue.
“This latest agreement reinforces the strategy we’re executing and the proven results we’ve achieved across our gaming portfolio,” says Chief Mike Wyse of Snuneymuxw First Nation. “The confidence placed in us by Great Canadian Entertainment and the industry is grounded in our disciplined approach to sustainable growth. The proposed acquisition of Great Canadian Casino Vancouver marks another step toward economic self-determination for Snuneymuxw, strengthening our long-term prosperity, financial independence and restoring an economy that thrived for thousands of years.”
Erralyn Joseph, President of PDG, adds “We are seizing opportunities that will unlock Snuneymuxw’s economic potential and build a strong, resilient future for our Nation. Over the last 10 years, PDG has grown from three companies to 13, and counting. We plan to keep the pedal to the metal with a measured and strategic approach, smashing economic ceilings for the benefit of Snuneymuxw, the region, the province and the country.”
Great Canadian Entertainment has a diversified collection of gaming and hospitality destinations across the country. From Nova Scotia to B.C., their properties feature slot machines, live and electronic table games, racetracks, restaurants, concert venues, conference facilities and hotels. The firm began in 1982 as the Great Canadian Casino Company, operating two charity casinos at Vancouver’s Pacific National Exhibition. Today, they have more than 7,500 employees.
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