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Gateway Starts the Year in Style With Another Acquisition
Gateway Casinos and Entertainment is one of the biggest names in the Canadian casino industry. These are the guys who really make things tick, and provide customers with the best possible experiences when they visit a casino for a spot of gambling. It is clear that Gateway can have a huge impact on the way people gamble in Canada, and the company has started the new year off with a bang!
We all know that the Gateway empire has been increasing over the years, and every month they seem to be spearheading another project to improve their operations and expand their reach across provinces. For example, there have been multiple projects and site developments over the past couple of years, that have really seen the name and reputation of Gateway grow. And this has been the theme going into the new year, as reports have surfaced that Gateway has acquired Chances Casino in Kamloops.
However, it is worth noting that it has not all been smooth sailing for Gateway, and the company has had to endure its fair share of issues over the past year. Notably, Gateway has had to deal with numerous instances of strike action unfolding, sometimes for months at a time. Things took a slightly more positive turn when strike action finally ended around November 2018, and operations resumed as normal. There were fears that the company’s business practices would be harmed by strike action, and there was probably a collective sigh of relief when the strikes finished.
Since then it has been pretty smooth sailing for the company, and later that month Gateway filed for an IPO on the New York Stock Exchange. It is clear that there are a lot of benefits to this, and Gateway has decided to ride the wave, and look to expand even further in the future. This latest move to acquire fresh property and develop a casino in their own image, is certainly something that will help Gateway’s cause.
Kamloops as a city will be collectively hoping that the new Gateway casino will have mass benefits for them moving forward, and there are a lot of amazing things that can play a role in this. At one time, there was a concern that Kamloops may have taken a financial hit as a result of the ongoing strikes that were happening, but this is something that appears to be less of a worry now.
Tony Santo, CEO of Gateway released a statement saying “This is an exciting day for everyone at Gateway as we welcome Chances Kamloops and their employees to the Gateway family.” There is the hope that this will be a fruitful partnership for the city of Kamloops, and that the Canadian gambling industry will continue to grow as a result.