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Gateway Casinos Income FundOne of the major operators in British Columbia, Gateway Casinos Income Fund's websites provides news, financial results, and past performance reports.

Construction on Vancouver's New Starlight Casino Begins


Thursday, March 23, 2006
VANCOUVER – As reported by the Globe and Mail: “Efforts to attract a more mainstream clientele to British Columbia's increasingly lucrative gaming sector take another step today when construction
  begins on a new $100-million casino complex in New Westminster.
B.C. Lottery Corp., the agency that oversees the province's gaming industry, has seen its share of income from casino lotteries and bingo almost double to an annual rate of $892-million from $500-million in 2001.
Profits are expected to rise in the next few years as major casino operators such as Gateway Casinos Income Fund and Great Canadian Gaming Corp. complete work on new state-of-the-art facilities.
Industry officials attribute the rapid growth to successful efforts to move gaming out of dimly lit basement halls and into modern entertainment complexes that come with theatres, liquor service and food courts.
"We have been able to develop a product now that is much more acceptable to the public," said David Gadhia, chief executive officer of Gateway Casino Income Fund, which operates five casinos in B.C. "It's much more mainstream."
“...When it opens late next year, the $100-million Starlight casino will replace existing facilities that are located inside the decks of a riverboat near downtown New Westminster. It will feature 600 slot machines, along with 54 gaming tables, a show lounge and a 25,000-square-foot ‘interactive’ sports bar…”
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