July 6, 2015 – Langley, BC – Gateway Casinos & Entertainment (Gateway) announces today that they have signed a 10 year extension option agreement with the British Columbia Lottery Corporation (BCLC) for the Cascades Casino Resort (Cascades) in Langley, BC. Under this agreement Gateway remains the casino operator of Cascades through to May 2025.
This extension of the Casino Operational Services Agreement (COSA) further demonstrates the commitment within Gateway to this property and the City of Langley. Gateway is planning more renovations and improvements that will be in addition to the $5.7 million spent in 2014 on multiple restaurants, a refreshed gaming floor, and theatre improvements to create a full-service entertainment destination in the heart of downtown Langley.
“We are very happy that BCLC has exercised the renewal option with Gateway. We believe this casino resort brings increased vibrancy and excitement to the Downtown core of Langley,” says Tony Santo, CEO of Gateway Casinos. “We are looking forward to more enhancements to Cascades that will surely create an even more exciting experience for our guests.”
Gateway has been the operator of Cascades since it was built in 2005. The property features a Coast Hotel and Convention Centre, four restaurants and bars, a theatre, and a full complement of exciting slots and table games.
About Gateway Casinos & Entertainment Limited
Gateway Casinos and Entertainment is one of Canada’s premier gaming and entertainment operators. Our properties strive to bring together the best in gaming, entertainment and dining to ensure a memorable experience for all our guests.
Through our 12 properties, over 3,000 employees, 180 tables and over 5,000 slots machines, 27 restaurants and 1,000 hotel rooms, we strive to not only bring the highest quality entertainment to our guests but also to provide well-paying jobs while generating significant revenues for governments and communities. With 20 successful years of Canadian gaming experience we are excited to build on our past towards a bigger, bolder future.