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Snuneymuxw First Nation Acquires Casino Nanaimo From Great Canadian Entertainment

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  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 ex...