Las developers that are vegas-based Gaming, whose ability to ‘meet the conditions of its registration’ has been called into question, could put the future of the $535-million Edgewater casino project in downtown Vancouver into doubt.

At the middle of the probe by the Gaming Policy and Enforcement Branch is, it appears, Paragon’s relationship with Michael Graydon, the former boss of the British Columbia Lotteries Corporation (BCLC), now head of PV Hospitality, a joint venture partner of Paragon.

A separate British Columbia government investigation of Graydon has currently figured the executive had been in conflict of interest when he negotiated employment with Paragon in December 2013, while nevertheless mind of the BCLC.

The aim of the Paragon project would be to relocate and expand the edgewater that is existing, which Paragon purchased in 2006, to create a new resort with a 72,000- square-foot gambling flooring and two boutique hotels with 550 visitor rooms among them, aswell as space for restaurants and retail.

The development, which will be scheduled to open in 2016, is anticipated to produce 2,000 jobs and generate $180 million each year for the local economy. The project is being built on a piece of land owned by the BC Pavilion Corporation, opposite the BC Place (more…)