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 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 indeed in conflict of interest when he negotiated employment with Paragon in December 2013, while nevertheless head of this BCLC.
The aim regarding the Paragon task is 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 flooring and two boutique hotels with 550 visitor rooms between them, aswell as space for restaurants and retail.
The development, which can be planned to start in 2016, is expected to produce 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.