Announced
Synopsis
Ts’elxwéyeqw Tribe Communities-backed Ts’elxwéyeqw Tribe Management, the entity advancing the economic development of the Ts’elxwéyeqw First Nation, agreed to acquire Elements Casino Chilliwack, a casino business, from Great Canadian Entertainment, a Canadian gaming and hospitality company. Financial terms are not disclosed. “This purchase marks an exciting milestone for our Nations and for the entire territory. 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,” Chief David Jimmie, President of Ts’elxwéyeqw Tribe Management.
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