Penticton Indian Band to receive share of revenue from new casino

Artist's rendering of the Cascades Casino Penticton in Penticton, British Columbia. Image from Twitter

The Penticton Indian Band signed an agreement that paves the way for a new casino in British Columbia.

As the host community, the city of Penticton will receive revenue from the proposed facility. The agreement calls for 10 percent of those funds to go to the band.

In exchange, the band has agreed to open up more of its land to development. The deal is being hailed as historic.

“This is a giant step in our relationship,” Chief Jonathan Kruger told Global News. “It’s going to wake up a lot of municipalities and first nations across this land.”

The Cascades Casino Penticton is due to open in spring of 2017 after it receives final approval from the B.C. Lottery Corporation. The facility will replace one that is currently located at the Penticton Lakeside Resort.

Get the Story:
City and Penticton Indian Band sign agreement to grow local economy together (InfoNews.Ca 1/4)
Penticton promises to share gaming revenue with local Indian Band (Global News 1/5)
Historic deal between city and band signed (Penticton Western News 1/5)
Milestone agreement (Castanet 1/5)
Next steps for casino (Castanet 1/6)

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