An artist’s rendering of the proposed Edgewater Casino resort become integrated Vancouver. This indicates the task could be in jeopardy now.
Las developers that are vegas-based Gaming, whose ability to ‘meet the conditions of its enrollment’ has been called into question, could put the future of the $535-million Edgewater casino project in downtown Vancouver into doubt.
At the guts of the probe by the Gaming Policy and Enforcement Branch is, it appears, Paragon’s relationship with Michael Graydon, the former boss of the British Columbia Lotteries Corporation (BCLC), now head of PV Hospitality, an affiliate of Paragon.
A separate Uk Columbia government research of Graydon has currently concluded that the executive was in conflict of interest when he negotiated work with Paragon in December 2013, while nevertheless head associated with BCLC.
The aim of the Paragon task is to relocate and expand the existing Edgewater Casino, which Paragon purchased in 2006, to make a new resort by having a 72,000- square-foot gambling floor and two boutique hotels with 550 visitor rooms among them, aswell as space for restaurants and retail.
The development, which will be planned to open in 2016, is anticipated to produce 2,000 jobs and generate $180 million per year for the regional economy. The task is being built on a piece of land owned by the BC Pavilion Corporation, opposite the BC Place Stadium.