Gateway Casinos and Entertainment Ltd. Is going to enhance further its portfolio of properties in Canada with its announcement of acquiring Signal Point Gaming. SPG is at Williams Lake in BC. According to the press release of the company, since March, the day to day operations of the bingo and slots facility is going to be run by Gateway Casinos, which is in Burnaby. The purchase of this new property is an essential step in the strategic plan of growth of the Canadian gambling operator.
The acquisition is a vital part of the expansion of the footprint of the company and is the next milestone in its strategy. The strategy that the company is following so it can expand its product offering and presence in Canada. It also serves the completion of its goal, which is to offer community-centered gaming and entertainment properties. This property would provide a wide array of gaming and culinary options to the Canadian citizens.
The new acquisition of the Chances Signal Point means that Gateway Casinos is going to operate a total of twenty-seven entertainment and gaming properties across British Columbia, Ontario, and Alberta in Edmonton. It also indicates that the Canadian operator has a workforce of more than 8600 employees’ across its properties.
Tony Santo, the CEO of the Canadian company, commented on the newest addition to the property portfolio of the company. He stated that everybody at the company is more than excited to welcome the new property, Chances Signal Point, to their team and the Gateway family. He also stated that they are looking forward to offering their service and entertainment offerings to the residents of Williams Lake.
Gateway Casino group has made some significant investments in the local communities where the company has gaming and entertainment venues. These investments aim to elevate the experience of the customers and provide the local communities with hundreds of job opportunities and massive economic benefit.
The company has more than 448 table games, which include forty-nine poker tables, as well as 85 restaurants and an outstanding number of slot machines, 13887. It also has 561 hotel rooms. The growth investments of the company are currently underway in numerous several communities across British Columbia, Alberta, and Ontario. Since August of 2015, the company has managed to complete seven massive development projects in Kamloops, Penticton, Kelowna, Edmonton, Innisfil, and Point Edward. The company finished the purchase of the Chances Kamloops Casino from the Hart Family and the BCLG in January of this year.
Gateway Casino is also anticipating the opening of a couple of new massive developments in Chatham-Kent, Hanover, and Ontario. Gateway is also planning to break ground on the new Cascades Casino that is going to be in Delta in British Columba. Last but not least, the company also acquired the approval from the Delta City Council to rezone a part of the property at 6005 Highway 17A for its new 70 million development of the Cascades Casino Delta, back in August of last year.
Bonnie Trelane is a professional author with a background in igaming and modeling. Bonnie plays Blackjack at many of the prominent casinos in the U.S. and has a fondness for Caesars owned casinos.