Snuneymuxw First Nation Acquires Casino Nanaimo From Great Canadian Entertainment

 


Great Canadian Entertainment announced the sale of its "Landmark Vancouver Island Real Estate" Casino Nanaimo to the economic development arm of Snunimersch First Nation. This important transaction was unanimously approved by the company's board of directors and is subject to customary closing conditions and regulatory approval.


Under the terms of the deal, Great Canadian Entertainment will provide conversion services to Petroglyph Development Group for up to two years after the closure, according to Victoria News. Petroglyph is a wholly owned investment company in Snunimoxue First Nation.


"We are extremely excited to sign this agreement. Under Petroglyph's constant management as an operator since Casino Nanaimo was founded in 1986, we believe this agreement will provide an exciting new chapter for Casino Nanaimo, guests, and team members," Matt Anfinson, CEO of Great Canadian Entertainment, said in a press release.


Snunimersch Chief Executive Mike Wise expressed his enthusiasm for partnership with the Great Canadian and for First Nations' entry into the British Columbia casino industry. "We are committed to bringing Snunimersch's local expertise to the established tradition of outstanding customer service and meaningful community contribution," Wise said. He emphasized that the acquisition honors the achievements of past Snunimersch Chief Executive Officer and Council and promises significant economic growth for the country and community.



The transaction also includes the return of land related to the property to First Nations. "In addition to the ongoing business acquisition, we are honored to announce the return of the land involved upon completion of the closure, which is part of the town of Snunimush xwsol'lexwell," said Erralyn Joseph, president of Petroglyph Development Group.


Ian Simpson, CEO of Petroglyph, highlighted the economic potential that the acquisition will bring. "The acquisition of this important asset will unlock unprecedented economic potential for Snunimusk and PDG, paving the way for the innovative growth of the Snunimusk economy and the benefits that PDG gives back to our country."


a considerable economic advantage


Chief Mike Wise told Nanaimo NewsNow that acquiring Casino Nanaimo would bring significant economic benefits to the country and the community. He noted their intention to learn and excel in casino operations through partnerships with Great Canadian Entertainment. "We are certainly not professionals and we will work with experts to maintain the success that casinos are currently experiencing and provide gaming opportunities for local residents," Wise said.


Wise also talked about casino and the potential to maximize the nearby Courtyard by Marriott hotel, where SFN has a majority stake. "We've had a lot of discussion about this," Wyse says. "You can market it as a potential destination, casino, hotel, you can use Hulu as a walking ferry, and there's a clear opportunity there." 


SFN is part of a three-way deal with the investment company and the Nanaimo Port Authority to operate a hulo high-speed ferry between downtown Nanaimo and Vancouver. Employment opportunities for SFN members at the casino are also expected.


Wise emphasized the deep implications of casino location for SFN, saying, "It was the main village site of the Snunimush people in xwsol'lexwell, and many of our ethnic history is told through the Snunimush area, and it is a very interesting part of this story." 안전 슬롯사이트


Casino Nanaimo, located in the Port Place shopping center, features more than 400 slot machines, six live table games, electronic table games and restaurants, according to Great Canadian Entertainment. Details of the purchase were not disclosed.

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