It has been a while, but Elements Casino Chilliwack is now able to contribute again to the local charity organizations. For the first time in several years, the gaming amenity made its annual payment to a group of local charities that form the Knight Road Legacy Association. The cheque was presented to KRLA officials and it was worth CA$192,560.
Elements Casino Chilliwack is operated by the Great Canadian Gaming Corporation. As with any other casino property in the province, its gaming operations have been heavily struck by the emergence of the unprecedented situation. Thus, remaining closed for almost 16 months from March 2020 until the summer of 2021. Now, the property is almost back to normal and contributing again.
First Cheque in Two Years
On June 28, 2022, the management of the Chilliwack casino property presented its first cheque in almost more than 2 years to the KRLA. Shawn Duncan, regional VP of operations with Great Canadian Gaming Corporation, shared that the team is excited to be able to contribute to the charity organization again and conduct its annual payment to the many groups and non-profits.
In his words, the local charity organizations have a crucial role in the economic and social welfare of the Chilliwack communities. Mr. Duncan also added that the support of communities is a major part of the company’s business model and the agreement with KRLA is an example of the gaming leader’s commitment to the Chilliwack economy.
The casino and the KRLA signed an initial 20-year agreement almost 10 years ago, through which the organizations secured a share of slot machine revenue for the collation and the 49 charitable and non-profits that compile it. After the partnership in 2012, the group of Chilliwack charities has bagged more than CA$3.5 million in casino revenue, which was reinvested into the region.
This was the gaming amenity’s first payment to the Knight Road Legacy Association since the emergence of the unprecedented situation in 2020. The last one, which the group received dates back to 2020, and it amounted to CA$669,005 and it was a portion of the casino’s 2019 fiscal performance. The group was also the original owner and operator of Chilliwack Bingo.
Refreshing Gaming Options
Elements Casino Chilliwack was previously known as Chances Chilliwack Casino, but in 2019, Great Canadian Gaming Corporation decided to rebrand it. The idea behind the rebranding was to expand the property’s gaming amenities and make it more appealing to locals and visitors. After the transformation, the casino became the seventh one of the company’s Elements brand.
In September 2021, Great Canadian Gaming Corporation has also announced that it had received regulatory approvals for its acquisition from Apollo Global Management’s affiliate. According to the arrangement and section 288 of the Business Corporation Act of B.C., the company’s shares were purchased by Raptor Acquisition Corp. for the price of CA$45 in cash and thus completing the multi-million-dollar transaction.
Source: Feinberg, Jennifer “Annual payments resume for Knight Road Legacy Association from Elements Casino Chilliwack”, The Chilliwack Progress, July 11, 2022