Ts’elxwéyeqw Tribe to Acquire Elements Casino Chilliwack

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Sun International

A consortium group of certain communities from the Ts’elxwéyeqw Tribe has agreed a deal to acquire Elements Casino Chilliwack from Great Canadian Entertainment.

Closing of the transaction remains subject to customary closing conditions and the receipt of regulatory and other approvals. Financial terms of the deal were not disclosed.

Should the acquisition proceed as expected, Great Canadian will continue to provide transitional services and support to Ts’elxwéyeqw Group for a period following closing.

Located in the Fraser Valley region of British Columbia, Elements Casino Chilliwack offers a range of gaming and entertainment. Its casino houses over 300 slots, live and electronic table games, while the venue features dining and live entertainment amenities.

‘Transformational’ Milestone for Ts’elxwéyeqw

Chief David Jimmie, chief of Squiala First Nation and President of Ts’elxwéyeqw Tribe Management, welcomed the deal. He said it is an “exciting” and “transformational” milestone for the tribe.

“By coming together in partnership, we are not only investing in a strong business opportunity, but also in the future of our people,” he said. “The revenues generated through this acquisition will help strengthen our communities, create new opportunities, and ensure our Nations continue to play a leading role in the local economy.

“Additionally, we believe that local community-based ownership of Elements Casino Chilliwack will further strengthen the broader Fraser Valley community and economy.

“It’s a proud moment that reflects how Indigenous leadership and collaboration can build a stronger, more inclusive future for everyone.”

Great Canadian Entertainment CEO Matt Anfinson also talked up the deal. He said: “We are very excited to have entered into this agreement with the Ts’elxwéyeqw Group.

“We have had the privilege of being part of the Chilliwack community since we opened Elements Casino Chilliwack in 2012, and we believe that under the Ts’elxwéyeqw Group’s stewardship, the business will begin an exciting new chapter.

“For the team members and guests of Elements Casino Chilliwack, and the local community, we can think of no better owner for the business.”