A 5 million casino-hotel project has been revived in downtown Vancouver, British Columbia, through a partnership between Las Vegas-based Paragon Gaming Inc.; Dundee Corporation, a Canadian investment company; and 360 Vox Corporation, a Canadian real estate developer.
Paragon’s chief executive officer is Diana Bennett, daughter of the late Las Vegas gaming pioneer William Bennett. The development first was proposed in 2010 but was rejected by the city in 2011 when Vancouver residents indicated they did not want a large casino downtown.
Developers scaled back their original proposal for 1,500 slots and 150 table games to the 600 slot machines and 75 tables currently at the Edgewater Casino, which will be closed and replaced by the new development. The new facility is expected to be completed in late 2016.
“We listened to the community and understood their concern,” said Paragon President Scott Menke. “We believe that we have brought in the right partners and have designed an urban resort consistent with the desires of the city.”
The 675,000-square-foot development, which will be the largest of its kind in Canada, will have two luxury resort hotels with a total of 550 rooms, operated separately under the JW Marriott and Autograph brands; a 40,000-square-foot conference center; plus restaurants and retail space. It will be attached to BC Palace sports stadium, which offers matches from the Canadian Football League’s British Columbia Lions and Major League Soccer’s Vancouver Whitecaps. A hockey arena is nearby.