Snuneymuxw First Nation has agreed to purchase another casino on the mainland.
The nation’s Petroglyph Development Group has agreed to buy Great Canadian Casino Vancouver from Great Canadian Entertainment.
“This latest agreement reinforces the strategy we’re executing and the proven results we’ve achieved across our gaming portfolio,” said Chief Mike Wyse, Xum’silum of Snuneymuxw First Nation. “The confidence placed in us by Great Canadian Entertainment and the industry is grounded in our disciplined approach to sustainable growth. The proposed acquisition of Great Canadian Casino Vancouver marks another step toward economic self-determination for Snuneymuxw, strengthening our long-term prosperity, financial independence and restoring an economy that thrived for thousands of years.”
It is the fifth major casino acquisition agreement for the nation in the past year. Petroglyph Development Group became the largest Indigenous-led casino operator in B.C., and one of the largest casino operators by revenue in the province, when it agreed to purchase two casinos on the mainland in October.
“We are seizing opportunities that will unlock Snuneymuxw’s economic potential and build a strong, resilient future for our nation,” said Erralyn Joseph, president of Petroglyph Development Group. “Decades of big work have delivered transformative economic growth. Over the last 10 years, PDG has grown from three companies to 13 and counting. We plan to keep the pedal to the metal with a measured and strategic approach, smashing economic ceilings for the benefit of Snuneymuxw, the region, the province and the country.”
