Canada gains new BC casino; sees eGaming gains

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Gateway Casinos & Entertainment Limited's Cascades Casino Delta in British Colombia, Canada recently celebrated the grand opening. The casino was delayed for two years due to COVID-19 and supply-chain issues. It cost $99.3 million, up from $70 million.

Grand Villa Casino in Burnaby is the top earner in BC cities from April 1, 2021 – March 31, 2022. River Rock Casino is second, followed by Cascades Casino Langley in Langly and Hard Rock casino in Coquitlam. View Royal Casino, in ViewRoyal, is third, and it's estimated to be worth $3.4 million. Delta is to receive a 10% share of the net gaming revenue generated by the new entertainment venue.

Grand Villa Casino in Burnaby is worth $8.7 million. River Rock Casino is $ 8.3 million, Cascades Casino Langley $6 million and Hard Rock in Coquitlam $5.4 million

Cascades Casino Delta opened in Vancouver, BC. It has 500 slots, 18 live gaming tables and stadium-style electronic gaming. The adjoining five-story -up to 124-room- Delta Hotels by Marriott Vancouver Delta is expected to open soon.

Gateway Casinos & Entertainment Limited will be the operator of the new gambling facility in the City of Delta. British Columbia Lottery Corporation is responsible for gambling products and services offered by its lottery division, its casino division and its Internet gambling services.

The eCasino offers lottery, sports betting, bingo, keno, online slots and online casino games. It is made possible by the passage of Bill C-218, also known as the Safe and Regulated Sports Betting Act, in June 2021.

According to Canadian Gaming Association, 2020 saw an estimated C$15 billion waged by Canadians. The lion’s share of that money went to illegal bookmaking operations and offshore online sports wagering sites. Deloitte Canada estimated that within five years from legalization, sports betting in Canada could grow from $500 million to nearly C $28 billion in legal-market wagerering. PlayNow.com eGaming operations 2020/2021 net income was $252 million.