Snuneymuxw Chief Michael Wyse
NANAIMO – River Rock Casino in Richmond and Chances Maple Ridge have been purchased by the Petroglyph Development Group (PDG) a wholly owned corporation of the Snuneymuxw First Nation.
PDG’s partnership with Great Canadian Entertainment and purchase announcement today has put it on a path to become one of the largest casino operators by revenue in B.C., and being the largest Indigenous-owned gaming operator by revenue in Canada. Earlier this year, they acquired Casino Nanaimo and Elements Casino Victoria.
These transactions demonstrate the strength of the collaboration between PDG and Great Canadian Entertainment and the momentum of PDG’s growing gaming platform, and mark a major step toward economic self-determination for Snuneymuxw.
“By securing ownership in four thriving casino operations, we are realizing a dream of long-term economic independence and creating lasting prosperity for our people and the communities we serve. Nation-to-Nation collaboration benefits all of us,” says Chief Mike Wyse, Xum’silum, Snuneymuxw First Nation.”
Terrance Doyle, president of Great Canadian Entertainment
PDG President Erralyn Joseph notes “PDG continues to advance Indigenous-led economic development in British Columbia. These acquisitions are aligned with our commitment to a sustainable, self-determined future, one where Snuneymuxw capital, leadership and vision drive meaningful growth for our Nation and strengthen partnerships across territories.”
PDG Chief Executive Officer Ian Simpson adds “We believe that this milestone represents a major shift in British Columbia’s gaming landscape. Under Snuneymuxw ownership, the wealth these properties generate will continue to fuel local growth and reinvestment.”
Matthew Anfinson is CEO of Great Canadian Entertainment, and notes that River Rock Casino has been the largest casino resort in Western Canada for over 20 years. Chances Casino Maple Ridge opened in 2013.
“PDG has proven to be a leader in casino operations. We are delighted to have the opportunity to transfer the ownership and operation of these two important properties to the PDG team.”
The closings of the transactions are subject to customary closing and regulatory conditions and the receipt of all required and regulatory third party approvals, including required approvals under the Competition Act.
McCarthy Tetrault LLP is acting as legal counsel and KPMG Corporate Finance Inc. is acting as financial advisor to PDGF. McMillan LLP is acting as legal counsel to Great Canadian Entertainment.
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