| The
Navegante Group of Las Vegas and its Canadian partner, Trillium
Gaming received approval-in-principle for the development of the
final gaming destination casino in the Canadian province of British
Columbia, according to Employment and Investment Minister Mike
Farnworth. The $10.6 million (CDN) "Coquihalla Casino,"
is being developed in conjunction with the Lower Nicola Indian
Band on the Joeyaska Indian reserve near Merritt. The city of
Merritt is located in the heart of the Nicola Valley approximately
170 miles northeast of Vancouver.
World renowned
for its diverse mix of wildlife, outstanding fishing, natural
beauty, sunny and mild climate and a wide array of outdoor recreational
activities the region has fast become one of British Columbia’s
favorite tourist destinations.
The casino
complex will be strategically located on the Coquihalla Highway
near one of British Columbia’s busiest highway junctions – connecting
Calgary with Vancouver. With over 2.6 million vehicles passing
through the area annually, the Coquihalla Highway has become British
Columbia’s most traveled thoroughfare.
The Coquihalla
Casino is one of three new gaming developments in British Columbia
approved by the government.
These approvals
conclude the request-for proposal process started by the British
Columbia government in July 1997. Forty-nine proposals were
submitted to the government for approval. A total of ten proposals
received approval in principle. "These [ten] proposals will
create more than 2,300 full-time jobs, 1,200 person years of construction
employment and involve more than $130 million in new investments
in gaming and other facilities," said Farnworth.
Navegante
and Trillium were awarded three of the ten projects. In May they
received approval-in-principle for the development of the Casino
of the Rockies located in the southeast part of the province.
In August, Navegante/Trillium received approval for the Campbell
River Casino located on Vancouver Island.
"It
is our goal to blend the splendid tourism and diverse locale of
the Nicola Valley with the appeal of a comfortable and convenient
gaming and entertainment center to create a more complete tourism
product, penetrate new markets and accelerate the growth of tourism
for all of the Nicola Valley," said Larry Woolf, CEO of Navegante.
Woolf went on to add, "It is an honor to be the only company
granted approval to operate three destination casinos in British
Columbia."

The Navegante
Group was contracted by the Lower Nicola Indian Band to prepare
the proposal to the government, including financial projections
and marketing plans, the architectural design and renderings,
gaming operations and employment strategies.
The Coquihalla
Casino will include 20 table games and 200 slot machines as part
of a complex that includes a restaurant, information and visitor
center, gift shop, gas station and convenience store. Unique features
of the development include a rest stop, Recreational Vehicle ("RV")
park and a children’s activity center.
|