Thu, Mar 7, 9:51am by Staff Writer
Gateway Casinos & Entertainment Ltd. continues its assault of Canada after acquiring Chances Signal Point, a casino in Williams Lake.
According to a recent press release by Gateway, “this strategic acquisition marks the next milestone in Gateway’s growth strategy which has seen the company expand its footprint and product offering across Canada.”
Gateway now owns 27 properties across Canada, mostly in British Columbia, Ontario and Alberta and employees 8,658 people.
The chief executive officer of Tony Santo said: “everyone at Gateway is very excited to welcome Chances Signal Point and their tea to the Gateway family. We look forward to bringing our unique entertainment offerings to Williams Lake.”
Gateway offers 448 table games and 13,887 slots across its portfolio.
Its properties also feature 561 hotel rooms and 85 restaurants and bars. It first launched 27 years ago.
This latest announcement comes after Gateway acquired Chances Casino Kamloops in January.
In a press release, the company said it would take over the day-to-day operations of the casino.
It will now be the only gaming provider in Kamloops, operating both Chances and Cascades Casino Kamloops.
Gateway further anticipates the opening of a pair of new major developments in Hanover, Ontario and Chatham-Kent.
Gateway also plans to break ground on the brand new Cascades Casino to be located in Delta, British Columbia.
Gateway received approval form the Delta City Council to rezone a portion of the property for its $70 million Cascades Casino Delta development in August 2018.
As reported by Calvin Ayre, the casino giant has made expansion its main ambition in recent times.
The press release explains the strategy by saying: “a multi-pronged growth strategy has seen Gateway diversify and expand its product offering, including developing proprietary casino and restaurant brands, dramatically improving the gaming customer experience while attracting new customers.”
Some of Gateway’s proprietary brands include Match Eatery & Public House, Atlas Steak + Fish and the new Halley’s Club.
The company was embroiled in a number of work strikes in 2018, the first of which lasted almost five months.
It involved employees at four Gateway properties – the casinos in Vernon, Kamloops, Penticton and Kelowna.
A workers’ union helped settle the strike, which lasted 19 weeks.
— Nathan Johnson (@ExecutiveHostLV) March 6, 2019
Employees were holding out for better wages and improved working conditions.
The terms of the new agreement included a new four-year deal with an average wage increase of 23.5 per cent over the life of the contract.
Only 50.7 per cent of people voted in favour of the new agreement, with some employees believing that they were being disrespected by Gateway.
After that initial strike ended, a second one began that almost prevented a happy Christmas period for the casino group.
Employees at the company’s Starlight Casino in New Westminster and Burnaby’s Grand Villa Casino threatened to walk off the job ahead of the holiday season.
The workers and the casino were able to reach a last-minute agreement that prevented prolonged work disruptions.
Canadian companies have also made their made in Australia recently after Canadian gambling heavyweight, The Stars Group acquired a 62 per cent share in
CrownBet in December 2017 for $150 million from Crown Resorts, with their share recently increased to 80 per cent.
The Stars Group is prominent in online poker machines and boasts over 115 million customers worldwide.
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