New casino to be built in Chatham
Gateway Casinos & Entertainment Limited announced yesterday that it will build a new “Cascades” branded casino on land it is acquiring from Brad-Lea Meadows Ltd.
Company officials say the proposed new casino will feature a mix of amenities including slots and table games, pending necessary government approvals and completion of the land acquisition, and will be located at 615 Richmond Street at the northeast corner of Richmond and Keil Drive in the community of Chatham.
The proposed new casino is expected to begin construction this spring, once provincial and municipal approvals are obtained. In the coming weeks, Gateway will announce more details on the size and scope of the development including new employment opportunities, food and beverage offerings and the investment in the local economy for the new build. While the construction of the new casino is underway in Chatham, Gateway Casinos Dresden will continue to operate, business as usual.
“I want to personally thank Chatham-Kent Mayor, Randy Hope, for his leadership and co-operation in bringing this deal to a close. I also want to extend my gratitude to the staff at the municipality of Chatham-Kent and Chief Administrative Officer Don Shropshire. We are delighted to reveal what we think will be an amazing new addition to the many attractions that draw people to Chatham-Kent and the surrounding region,” said Keith Andrews, Senior Vice President and Managing Director for Gateway Ontario.
Mayor Hope said he welcomes Gateway Casinos’ additional investment in the community. “We have been working with Gateway for some time and have found the company to be absolutely first-rate. They do things the right way. They’re the largest gaming company in Canada. We couldn’t have a better partner.”
During the 2016/17 operating year, Chatham-Kent received $700,000 in hosting fees from Ontario Lottery and Gaming, a number the mayor says he expects to see increase with a new, larger operation in Chatham.
“Slots revenue is equal to one half of one per cent in taxes,” Mayor Hope said. “When you combine that revenue with the employment brought by the casino, it’s an important economic force in our community.”
The proposed new entertainment and casino complex in Chatham-Kent is the latest announcement by Gateway following the new last month’ proposed expansion of the Gateway Casinos Hanover site and the $26 Million renovation currently underway at Gateway’s Starlight Casino Point Edward.