NANAIMO – A significant development in the casino industry has unfolded as the Snuneymuxw First Nation, based on Vancouver Island, has announced its fifth acquisition this year in British Columbia. The nation has entered into an agreement to purchase a casino located in Coquitlam, British Columbia, which has been operated by Great Canadian Casino Vancouver.
According to Snuneymuxw Chief Mike Wyse, this new acquisition signifies an important step towards “economic self-determination” for the First Nation. He emphasized that this move is essential for strengthening their financial independence and serves as a means to rejuvenate an economy that has flourished for thousands of years. The Chief expressed that the purchase reflects the resilience and determination of the Snuneymuxw community, rooted in centuries of cultural heritage.
The Snuneymuxw First Nation shared a statement expressing its gratitude and honor in expanding its economic portfolio. They acknowledged the contributions of generations of Snuneymuxw people who have made this acquisition possible. This sentiment underscores the community's commitment to not only maintaining but also enhancing their economic landscape.
Ian Simpson, the CEO of Petroglyph Development Group, which operates as the economic branch of the Snuneymuxw First Nation, highlighted the significance of the Great Canadian Casino Vancouver within the Coquitlam economy. Simpson noted the importance of ensuring that the positive economic impacts provided by the casino continue in the area following the acquisition.
The Coquitlam casino features a substantial gaming environment, boasting 917 slot machines, 37 table games, and 42 electronic table games. This diverse offering is likely to attract a variety of patrons and maintain a vibrant atmosphere that supports local economic activity.
While the transaction reflects a promising venture for the Snuneymuxw First Nation, it is important to note that the closing of the deal is subject to standard customary conditions. Additionally, it will require the necessary regulatory and third-party approvals, including compliance with the Competition Act, thereby ensuring that all legal and operational protocols are followed.
The Snuneymuxw First Nation is recognized as one of the largest First Nations in British Columbia, with a membership of approximately 2,000 individuals. This acquisition is not just a financial transaction; it embodies a broader effort for indigenous communities to reclaim control over their economic destinies and cultivate sustainable growth.
The announcement of this acquisition was first made public on December 19, 2025, reflecting the ongoing evolution in the relationship between First Nations and the broader economic environment in British Columbia, particularly within the realm of gaming and entertainment.
