Vancouver City Council Dismisses Paragon Gaming's Casino Plans

Nevada-based Paragon Gaming Incorporated's mission to construct a gaming facility that will primarily offer slot machines in downtown Vancouver, British Columbia was permanently dismissed by city leaders on April 25th, 2011. The City Council of Vancouver unanimously decided to set aside the five hundred million dollars gaming project that would have featured a gaming floor with 1,500 slot machines and 150 casino table games as well a pair of hotel towers and four residential towers. The gaming development was supposed to be connected with BC Place, the downtown stadium in Vancouver. The casino facility dismissal would not affect the on-going renovation of the establishment, which will include the installation of a new roof. Despite the company receiving a temporary consent to construct the facility last year, city leaders in Vancouver decided to support community opposition to the project. Paragon manages the Edgewater gaming facility, which is located on False Creek in Vancouver. It is also considered as the biggest gaming facility in B.C. that offers five hundred slot machines and sixty casino table games. The organization planned to close down the Edgewater once the new gaming facility opened. Paragon Gaming's Chief Executive Officer is Diana Bennett, the daughter of the late Las Vegas gambling leader William Bennett. Paragon President Scott Menke stated that it was not clear if the non-gambling amenities in the gaming development were also disapproved. But Menke said that Paragon would decide if they would move the casino facility elsewhere before their lease ends in 2013.

 

09 2011