Great Canadian Entertainment to sell Elements Casino Surrey
The company has entered into an agreement with SE-MI-AH-MU Development Corporation.
Canada.- The board of Great Canadian Entertainment has approved a definitive agreement to sell Elements Casino Surrey to SE-MI-AH-MU Development Corporation, the economic development arm of Semiahmoo First Nation. Great Canadian will provide transition services for up to one year post-closing.
The deal remains subject to financial commitments, customary closing conditions and approval by regulators and the City of Surrey, which owns the underlying property.
Matt Anfinson, chief executive officer of Great Canadian, said: “Today’s announcement marks the eighth agreement we have executed with B.C.-based First Nations for the sale of our B.C. operations. We are thrilled that the Semiahmoo First Nation is eager to enter the province’s casino sector with the purchase of Elements Casino Surrey. Our next step will be to continue to work with the SE-MI-AH-MU team to close this transaction promptly and then work with SE-MI-AH-MU and the Elements Casino Surrey team members for long-term success.”
Chief Harley Chappell of Semiahmoo First Nation added: “This acquisition represents an important step forward in strengthening economic opportunity for Semiahmoo First Nation and reaffirming our presence within our traditional territory as a strong and capable business entity. Through this new venture, we look forward to creating meaningful benefits for our people, supporting employment opportunities in the region, and contributing to the long-term well-being and prosperity of our community.”
In January, Great Canadian Entertainment announced an agreement with the Nova Scotia Gaming Corporation (NSGC) to relocate Casino Nova Scotia from its Halifax waterfront site to Dartmouth Crossing. The company plans to complete the purpose-built destination in 2029.
