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Paragon Gaming Receives Permit to Double Size of Edgewater Casino

Paragon Gaming Receives Permit to Double Size of Edgewater Casino

Paragon Gaming has received a development permit with conditions to build an urban resort in downtown Vancouver. The project will see a new and expanded location for the existing Edgewater Casino with twice the floor space of the existing casino. There will also be two hotel towers, a conference center and restaurants.

Paragon Gaming Receives Permit to Double Size of Edgewater Casino

Paragon Gaming has received a development permit, albeit with numerous conditions attached, to increase the size of its Edgewater Casino.

Objections have been raised by people voicing concern over gambling addiction after the Provincial Health Officer, Perry Kendall, released a report on the health effects of gaming. As a result the casino’s license remains capped at 600 slots and 75 tables.

Vancouver Mayor Gregor Robertson said, “Today’s decision by the Development Permit Board ensures that the proponent will have to align operations with the concerns raised in the recent Provincial Health Officer’s Report on Gambling.”

There will be a final review of the project carried out by the city’s director of planning and the city council. They will be taking into consideration issues such as the number of ATMs in the building, hours of operation and hours in which alcohol can be served. Furthermore, the project will only be allowed to go ahead if the building is constructed to the highest environmental certification, Leadership in Energy and Environmental Design gold standard.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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