A First Nation on Vancouver Island expands its casino business in British Columbia, with the announcement of its fifth acquisition in the province this year.
The Snuneymuxw First Nation proudly reveals its recent agreement to acquire the Great Canadian Casino Vancouver in Coquitlam, B.C. This move signifies a significant stride towards economic self-determination for the nation, bolstering their financial autonomy and revitalizing a historical economy that has sustained them for millennia.
Emphasizing the importance of this acquisition, Snuneymuxw Chief Mike Wyse expresses gratitude towards past generations of Snuneymuxw members whose contributions have paved the way for this milestone. The nation views this expansion of its economic portfolio as a testament to their commitment to growth and prosperity.
Ian Simpson, CEO of Petroglyph Development Group, the economic arm of the nation, highlights the pivotal role that the Great Canadian Casino Vancouver has played in the Coquitlam community’s economy and assures a seamless continuation of such benefits.
With 917 slot machines, 37 table games, and 42 electronic table games, the Coquitlam casino in Metro Vancouver has been a cornerstone of entertainment and economic activity in the region.
The completion of this transaction is pending customary conditions and the necessary regulatory approvals, including those mandated by the Competition Act.
As one of the largest First Nations in British Columbia, Snuneymuxw First Nation boasts a population of approximately 2,000 members.