An artist’s rendering of the proposed Edgewater Casino resort to be integrated Vancouver. It appears the project could be in jeopardy now.
Las Vegas-based developers Paragon Gaming, whose ability to ‚meet the conditions of its enrollment‘ has been called into question, could place 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 figured the executive was indeed in conflict of interest when he negotiated employment with Paragon in December 2013, while still mind of this BCLC.
The aim regarding the Paragon task is to relocate and expand the existing Edgewater Casino, which Paragon purchased in 2006, to create a new resort 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, that will be planned to start in 2016, is expected to create 2,000 jobs and generate $180 million per year for the economy that is local. The project is being constructed on a lot owned by the BC Pavilion Corporation, opposite the BC Place Stadium.