A group of First Nation communities in the Chilliwack area are buying Elements Casino.
The communities from the Ts’elxwéyeqw Tribe entered into a definitive agreement on Nov. 7 for the purchase from Great Canadian Entertainment of Elements Casino Chilliwack, according to a Nov. 10 press release by Great Canadian Entertainment.
“This purchase marks an exciting milestone for our Nations and for the entire territory,” said Chief David Jimmie, Chief of Squiala First Nation and president of Ts’elxwéyeqw Tribe Management Ltd. “By coming together in partnership, we are not only investing in a strong business opportunity, but also in the future of our people. 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.”
Matt Anfinson, CEO of Great Canadian Entertainment said they are “very excited” to enter into the agreement.
“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,” Anfinson said. “We look forward to the closing and then working with the Ts’elxwéyeqw Group team during the transition period.”
The Ts’elxwéyeqw Tribe constitute seven First Nation communities and are the First People of the Chilliwack River watershed. The transaction represents a “transformational milestone” for the communities within the Ts’elxwéyeqw Group, the release stated.