Gateway takes over Chances casino
The large Canadian casino operator expands its footprint
Now that it has been able to put two strikes behind it – and avert a third- Canada’s Gateway Casinos and Entertainment is getting down to business. It has announced the acquisition of Chances Casino Kamloops, making the casino giant the only casino operator in the city. Gateway already owns the only other casino in the area, Cascades Casino Kamloops.
According to a statement by the company, “This strategic acquisition marks the latest step in Gateway’s growth strategy which has seen the company expand their footprint and product offering across Canada with their proprietary casino and restaurant brands. With the addition of Chances Kamloops, Gateway now operates 26 properties in British Columbia, Alberta and Ontario with approximately 8,600 employees.”
Gateway now controls 26 gaming venues in Edmonton, Alberta, Ontario and British Columbia. Across all operations, it has 8,600 employees 429 table games, 13,818 slot machines, 561 hotel rooms and 82 restaurants. The company is also the new service provider for the Central Gaming Bundle in Ontario, which gave it two additional properties and Gateway is considering a third location in the area.
Tony Santo, Gateway’s CEO, said of the acquisition, “This is an exciting day for everyone at Gateway as we welcome Chances Kamloops and their employees to the Gateway family. I’d like to thank the Hart Family for their commitment to the Kamloops communities and we look forward to working with them on a smooth transition.”
Last year, Gateway had to deal with strikes at a few of its properties on two separate occasions. The first lasted almost five months and the second saw the company make concessions in under two. Just ahead of the busy Christmas holiday, a third strike was threatened, but Gateway executives were able to scramble and appease workers before they walked off the job.