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.

Comments

Post a Comment

Popular posts from this blog

What is a Hot Air Balloon?

Image
 Contents What is a Hot Air Balloon? How does it fly? When can it Fly? How safe is Ballooning? History What is a Hot Air Balloon? “A Hot Air Balloon is an aerostat in which the lifting force consists of hot air produced by means of a propane burner”. The burner is a high output device for converting the fuel (liquid propane) stored in the fuel cylinders into heat energy. The baskets are specially designed and manufactured to withstand repeated landings and provide a natural protective environment. How does it fly? Warm air rises. Most people know this and a Hot Air Balloon rises because it has warm air trapped inside the envelope. This warm air is hotter than the air outside the envelope and it is therefore less dense. This means that the air inside the balloon is lighter that that on the outside. If we have enough of this lighter air generated inside the envelope then the balloon will continue to rise. It will fly! The bigger the balloon the more hot air it can contain, the greate...
Read more

How to Play Table Tennis ? 스포츠토토

Image
Contents 1. How to Play Table Tennis ? 2. Scoring 3. Table Tennis Training 4. Equipment 5. History How to Play Table Tennis ? When you think of how to play table tennis, there are several aspects you must remember to play like a professional. By learning the most important table tennis aspects, you are bound to succeed in the gaming career. O One aspect for you to know how to play table tennis is a frequent practice. For utmost perfection of a particular skill, constant practice is paramount. Through constant practice, you are able to master some of the most essential drills and techniques used in table tennis. Carve some time out of your daily routine and dedicate it to table tennis practice. As much as you engage you must ensure that all the techniques and skills you are practicing conform with table tennis rules and requirements. For you to know how to play table tennis, you must ensure that you are conversant with the basic rules and guidelines that must be followed. In this case, ...
Read more

Omaha Poker 스포츠토토 하는법

Image
Contents 1. Omaha Poker 2. Objective 3. Game Play 4. Rules 5. How to deal OMAHA POKER? Omaha Poker The card game Omaha Poker is an exciting, strategic game played with two or more players.  Know when to hold ‘em and when to fold ‘em to win this game!  Find the video tutorial and written explanation for how to play the card game Omaha Poker below. Objective The object of the game is to win chips. Chips are won by being the only player that did not fold, or by having the highest ranking poker hand among all the players that did not fold at the end of the hand. A poker hand consists of the best five cards using two cards from a player’s hand, and three of the cards that will be dealt into the middle throughout the hand. Game Play The player left of the big blind starts the first betting round. To stay in the hand, the player has to at least match the big blind. Matching a bet is known as calling. If a player does not want to bet, he/she can fold by pushing his/her four cards into...
Read more