An artist’s rendering of the proposed Edgewater Casino resort to be built in Vancouver. It appears the project could now take jeopardy.
Las developers that are vegas-based Gaming, whose ability to ‘meet the conditions of its enrollment’ has been called into concern, could put the future of the $535-million Edgewater casino project in downtown Vancouver into doubt.
At the middle of the probe by the Gaming Policy and Enforcement Branch is, it seems, 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 had been in conflict of interest when he negotiated employment with Paragon in December 2013, while still mind associated with BCLC.
The aim of the Paragon task is always to relocate and expand the edgewater that is existing, which Paragon purchased in 2006, to create a new resort having a 72,000- square-foot gambling flooring and two boutique hotels with 550 visitor rooms between them, also as space for restaurants and retail.
The development, that is scheduled to start in 2016, is anticipated to create 2,000 jobs and generate $180 million each year for the economy that is local. The project is being built on a piece of land owned by the BC Pavilion Corporation, opposite the BC Place Stadium.