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On May 5, 2026, Petroglyph Development Group Ltd. ("PDG"), a wholly owned corporation of the Snuneymuxw First Nation, and Great Canadian Entertainment confirmed the successful closing of PDG's acquisition of Great Canadian Casino Vancouver in Coquitlam, British Columbia. The transaction was first announced on December 19, 2025, and is the fourth deal completed between the two companies, following PDG's earlier acquisitions of Casino Nanaimo, Elements Casino Victoria, and Chances Maple Ridge. With the addition of Great Canadian Casino Vancouver, PDG's gaming portfolio establishes its position as the largest Indigenous-owned gaming operator by revenue in Canada. The transaction was structured through Casino Vancouver Limited Partnership, an entity affiliated with PDG, and involved a multi-layered structure encompassing both asset purchases and share transfers, the negotiation of post-closing transitional support arrangements, and regulatory approvals from multiple regulatory bodies, including under the Competition Act and from the BC Lottery Corporation and the Gaming Policy Enforcement Branch. McMillan LLP acted as legal counsel to Great Canadian. McCarthy Tétrault LLP served as legal counsel, and KPMG Corporate Finance Inc. acted as financial advisor to PDG. The transaction has received all required regulatory approvals and all closing conditions have been satisfied.
Parties
Company
Great Canadian Entertainment
Company
Petroglyph Development Group Ltd.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
05 May 2026