Petroglyph Development Group (PDG), owned by the Snuneymuxw First Nation, has signed an agreement to acquire Great Canadian Casino Vancouver from Great Canadian Entertainment. This transaction represents the fifth major casino acquisition in British Columbia by Snuneymuxw over the past year. Previous acquisitions include Casino Nanaimo and Elements Casino Victoria, alongside agreements to purchase River Rock Casino Resort and Chances Maple Ridge.
Great Canadian Entertainment recently agreed to sell Hastings Racecourse & Casino to the Tsleil-Waututh Nation, along with Elements Casino Chilliwack to Ts’elxwéyeqw Group. Chief Mike Wyse of the Snuneymuxw First Nation remarked that this latest acquisition reinforces their strategic goals and highlights their success within the gaming sector. Wyse emphasized that the acquisition fosters economic self-reliance and long-term prosperity for the Snuneymuxw people.
Erralyn Joseph, PDG’s president, expressed that the acquisition aligns with their goal of unlocking economic potential and growth for the Snuneymuxw Nation. Over the past decade, PDG has expanded significantly, growing from three to 13 companies. Joseph emphasized their commitment to strategic growth that benefits the Snuneymuxw community as well as the broader region.
Matthew Anfinson, CEO of Great Canadian Entertainment, stated that the Vancouver casino has prospered due to the dedication of its staff and community. Anfinson expressed confidence that the Snuneymuxw First Nation and PDG will further enhance the business.
Great Canadian Casino Vancouver features 917 slot machines, 37 table games, and 42 electronic table games. It also boasts The Show Theatre, a 1,050-seat venue, and various dining and entertainment options. Completion of the transaction will require customary approvals and regulatory conditions.
The acquisition signifies a continuation of Snuneymuxw’s strategic expansion within the regulated gambling sector, aiming to strengthen financial independence and community prosperity. As the process unfolds, its impact on the local gaming market and regional economy remains to be seen.
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