An artist’s rendering of the proposed Edgewater Casino resort become built in Vancouver. This indicates the project could be in jeopardy now.
Las developers that are vegas-based Gaming, whose ability to ‘meet the conditions of its registration’ has been called into question, could put the future of the $535-million Edgewater casino project in downtown Vancouver into doubt.
The former boss of the British Columbia Lotteries Corporation (BCLC), now head of PV Hospitality, an affiliate of Paragon at the center of the probe by the Gaming Policy and Enforcement Branch is, it seems, Paragon’s relationship with Michael Graydon.
A separate Columbia that is british government of Graydon has already concluded that the executive was in conflict of interest when he negotiated employment with Paragon in December 2013, while still head associated with the BCLC.
The aim for the Paragon project is always to relocate and expand the edgewater that is existing, 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 between them, too as space for restaurants and retail.
The development, which can be scheduled to start in 2016, is expected to produce 2,000 jobs and generate $180 million each year for the neighborhood economy. The task is being built on a lot owned by the BC Pavilion Corporation, opposite the BC Place Stadium.