Group From Ts’elxwéyeqw Tribe Completes Acquisition of Elements Casino Chilliwack From Great Canadian Entertainment
Great Canadian Entertainment (“Great Canadian”) and a consortium group of certain communities from the Ts’elxwéyeqw Tribe, through an entity affiliated with Ts’elxwéyeqw Tribe Management Ltd. (the “Ts’elxwéyeqw Group”), announced today the successful closing of the Ts’elxwéyeqw Group’s acquisition from Great Canadian of Elements Casino Chilliwack, one of the premier gaming and entertainment destinations in the Fraser Valley region of British Columbia.
The Ts’elxwéyeqw Tribe constitutes 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.
Elements Casino Chilliwack serves guests across the Fraser Valley and is one of Chilliwack’s top destinations for gaming and entertainment, featuring over 300 slots, live and electronic table games, bingo, dining, live entertainment and more.
“Our communities have built a diverse business portfolio over the years in commercial real estate development, sustainable forestry operations, environmental stewardship and conservation of cultural values, and energy infrastructure. This acquisition is the next step in that growth. Elements Casino Chilliwack is a strong, established business, and we're proud to bring gaming and hospitality into our portfolio. This transaction shows what our communities are capable of when we compete and lead in the business world," said Chief David Jimmie, President of Ts’elxwéyeqw Tribe Management Ltd.
