Casino News

Casino Officials Gauge Parq Vancouver Economic Effect on Neighbouring Casino Businesses

The newest and hottest entertainment destination in Vancouver opened its doors to the public on 29th September this year. The casino operator Paragon Gaming LLC rolled out the red carpet of its full-fledged casino resort Parq Vancouver, located in the heart of the city. The announcement of the opening of the long-awaited casino resort came around 1 year later than projected. At present, the entire gambling community has the lifetime opportunity to witness the future growth of the recently-opened entertainment complex and its impact on the other gambling venues.

Some time ago, Paragon scared the competition with the announcement of the opening of its full-blown casino complex in Vancouver. Almost 2 months after the ribbon-cutting ceremony took place at British Columbia Place Stadium in downtown Vancouver, representatives from the neighboring casinos revealed that their gambling venues did not experience any slowdown or decline in their earnings in the face of the competition. On 9th November, Great Canadian Gaming Corp. CEO Rod Baker asserted that Parq did not hit the profitability of the operator’s gambling facilities. Here, it is important to note that Great Canadian is the company behind some of the largest casinos in Canada, including River Rock Casino Resort and Coquitlam’s Hard Rock Casino Vancouver.

Gateway Casinos & Entertainment Ltd. public relations director Tanya Gabara told the reporters from Business in Vancouver that the number of patrons entering Gateway’s Grand Villa Casino Hotel & Conference Centre in Burnaby may drop slightly as the players are always eager to check what are the new offerings around. Ms. Gabara remained confident that the clientèle will return to Gateway’s gambling facility. According to her words, the casino operator has always remained true to its original commitment to provide ace gaming experience.

University of British Columbia Sauder School of Business lecturer Ann Stone, whose specialty is marketing and consumer behavioral science, explained that the beginning is always among the hardest things about starting a business. However, once the company finds its feet and its right place on the market, the things usually normalize. But it is yet to become clear if the casino is to meet the expectations regarding the number of customers.

What Makes Parq Vancouver So Attractive

The latest addition to Vancouver’s casino landscape is often referred to as the jewel in the crown. Parq Vancouver’s casino floor spreads over 72,000 square feet. The casino offers a bountiful selection of 600 slot machines 75 gaming tables, a poker room and a high-limit gaming floor with 11 luxury private salons. As for non-gambling activities, the entertainment complex offers also a 188-room Douglas Autograph Collection hotel and a 329-room JW Marriott hotel. Parq Vancouver guests are able to enjoy the high-end atmosphere of the restaurants and bars, which the entertainment complex offers. Apart from that, Parq Vancouver features premises for business purposes.