Gateway Casinos & Entertainment has announced plans to build a new, 45,000-square-foot entertainment and gaming property next to the South Okanagan Events Centre.
It will be called Cascades Casino Penticton.
The project promises up to 150 new jobs and a $25-million construction investment.
Gateway has entered into a lease with the City of Penticton for the property.
The casino will feature a large gaming floor with entertainment and multiple dining options, including a rooftop patio.
“Gateway … is very excited to announce our intentions for our next big redevelopment project,” Jag Nijjar, vice-president of operations with Gateway, said in a press release.
“The SOEC is Penticton’s entertainment destination, and we believe a new, full-service facility will be a valuable and exciting addition that will provide patrons a first-class experience.”
If all goes as planned, construction could begin in 2016, with a grand opening in spring 2017.
“I am thrilled that Gateway Casinos is planning to stay in Penticton,” said local MLA Dan Ashton. “This new property will have more food and beverage options, as well as more job creation for the entire area. Not only is this is a win for Penticton, this is a win for Gateway and all of its employees.”
Mayor Andrew Jakubeit said the City of Penticton has worked hard to keep the casino in Penticton after it was announced its lease would not be renewed at the Penticton Lakeside Resort. At stake was also $1.6 million in hosting revenue for citizen services.
“Anytime an established business in the community is growing, creating jobs and investing $25 million in the community, it is very exciting,” he said.
Community input will be sought before the project gets final approval from B.C. Lottery Corporation.
Gateway and the city will host a series of open houses, Nov. 30 from 5 to 9 p.m. at the Penticton Seniors’ Drop-In Centre; Dec. 1 from 9 to 11 a.m. and 6 to 8 p.m. at the Sandman Hotel; and Dec. 8 from 1 to 3 p.m. and 5 to 7 p.m. at the Ramada to allow the public to learn more about the project.