Gateway Casinos and Entertainment is planning to build a new Premier Entertainment and Gaming Property with the name Cascade Casino in Penticton.
As part of the arrangement to effect the construction of the planned property, Gateway Casinos and Entertainment has entered into a lease agreement with the city of Penticton for land at South Okanagan Event Centre Complex where they intend to build the premier casino and entertainment property.
Some of the expected features of the 45,000 sq ft space Cascade Casino property are: a spectacular gaming floor, entertainment and multiple dining, signature restaurant -Match Eatery and Public House which is expected to feature their first rooftop patio.
At the site of the construction of the project about 200 person per year of construction employment will be created, while at the completion about 150 new jobs will be created and an addition of about $25 million investment to the city of Penticton economy.
While commenting on the planned project Jag Nijjar Vice President Operation, Gateway Casinos and Entertainment said, ”Gateway Casinos and Entertainment is excited to announce our next big redevelopment project,” He added, ”the South Okanagan Event Centre 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.”
Construction is expected to begin on the site 2016 while grand opening is schedule for the spring of 2017.