An artist’s rendering of the proposed Edgewater Casino resort to be integrated Vancouver. It appears the task could be in jeopardy now.
Las Vegas-based developers Paragon 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.
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 British Columbia government investigation of Graydon has currently concluded that the executive have 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 project is to relocate and expand the existing Edgewater Casino, which Paragon purchased in 2006, to create 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 expected to generate 2,000 jobs and generate $180 million each year for the regional economy. The task is being constructed on a parcel owned by the BC Pavilion Corporation, opposite the BC Place Stadium.