Great Canadian signs agreement to sell Elements Casino Chilliwack
A group from the Ts’elxwéyeqw Tribe will purchase the venue.
Canada.- Great Canadian Entertainment has entered into a definitive agreement to sell Elements Casino Chilliwack to Ts’elxwéyeqw Group. It will provide transitional services and support for a period following closing.
The venue in the Fraser Valley region of British Columbia more than 300 slots, live and electronic table games, bingo, dining and live entertainment. The closing of the transaction remains subject to customary closing conditions and the receipt of regulatory and other approvals.
David Jimmie, chief of Squiala First Nation and president of Ts’elxwéyeqw Tribe Management, said: “This purchase marks an exciting milestone for our Nations and for the entire territory. By coming together in partnership, we are not only investing in a strong business opportunity, but also in the future of our people. The revenues generated through this acquisition will help strengthen our communities, create new opportunities, and ensure our Nations continue to play a leading role in the local economy.
“Additionally, we believe that local community-based ownership of Elements Casino Chilliwack will further strengthen the broader Fraser Valley community and economy. It’s a proud moment that reflects how Indigenous leadership and collaboration can build a stronger, more inclusive future for everyone.”
Matt Anfinson, CEO of Great Canadian Entertainment, added: “We are very excited to have entered into this agreement with the Ts’elxwéyeqw Group. We have had the privilege of being part of the Chilliwack community since we opened Elements Casino Chilliwack in 2012, and we believe that under the Ts’elxwéyeqw Group’s stewardship, the business will begin an exciting new chapter.
“For the team members and guests of Elements Casino Chilliwack, and the local community, we can think of no better owner for the business. We look forward to the closing and then working with the Ts’elxwéyeqw Group team during the transition period.”
