Great Canadian Sells River Rock, Cementing Indigenous Casino Growth

Great Canadian, which started as a two-casino charity operation at Vancouver's Pacific National Exhibition in 1982, now runs properties in 20 cities across five provinces. The company has been shedding British Columbia assets while retaining its Ontario, Nova Scotia, and New Brunswick locations.

The River Rock sale shifts control of one of Canada's most profitable casino resorts to a partnership that combines PDG's growing gaming portfolio with Musqueam Capital Corp., the economic development arm of the Musqueam Indian Band. PDG is wholly owned by the Snuneymuxw First Nation.

For investors tracking the Canadian gaming sector, the deal marks a structural shift in B.C.'s casino market. River Rock had long set the benchmark for Metro Vancouver gaming revenue. Its new ownership structure ties the property directly to two First Nations' economic development mandates, a model that could influence future asset sales in the province.

Great Canadian did not disclose the sale price or terms of the transaction.