McMillan Advises Great Canadian Gaming Corporation on its Sale of Casino Nanaimo and Elements Casino Victoria

On January 16, 2025, Great Canadian Gaming Corporate (“GCGC”) completed its previously announced definitive agreements to sell Casino Nanaimo and Elements Casino Victoria to Petroglyph Development Group Ltd. (“Petroglyph”), a wholly owned corporation of Snuneymuxw First Nation.

GCGC worked collaboratively with Petroglyph throughout and agreed to provide transition support post-closing, as Casino Nanaimo and Elements Casino Victoria were the first casino operations to be acquired by the First Nation. The acquisitions are recognized publicly as an important transformative step in the economic growth of the First Nation.

Founded in 1982, Great Canadian Entertainment is Canada’s premier gaming and hospitality company with gaming, entertainment, hospitality and resort facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia.

McMillan acted as seller’s counsel to GCGC, advising on all transaction matters in connection with these historic sales. Leo Raffin and Sandra Knowler led the national and multidisciplinary team that included Desmond Balakrishnan, Lily Le, Claire Huang, and Paul Boshyk.

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, McMillan provides real-time business solutions to our clients. Our legal teams are skilled at structuring and closing complex deals in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with regulators help our clients stay ahead.