Parq Vancouver, the new jewel of the Vancouver skyline, opened doors on September 29 to great interest, particularly in the late hours when a formidable lineup of players was formed in front of the complex’s 72,000-square-foot casino. Describing the C$600-plus-million multi-purpose resort as a jewel is not just a trope used for the sake of poeticism. The copper glass U-shaped building of Parq Vancouver is indeed an appealing addition to the skyline of the bustling Canadian city. The idea about the destination resort, billed as the largest-ever private development in the British Columbia province, was conceived back in 2006, when developer Paragon Gaming purchased the struggling Edgewater Casino, located in downtown Vancouver. The Las Vegas-based gambling company paid the amount of C$43 million to save the property, which was losing around C$9 million every six months, from bankruptcy. Given its poor financial performance, the facility could not escape closure, but its new owner’s ambitions to run a gambling business in Vancouver did not die. It took several years before Paragon first revealed plans to develop a parcel of land in the central part of the city and relocate Edgewater Casino’s existing license to that new development. That announcement eventually occurred around the 2010 Winter Olympics which Vancouver hosted. As it can be seen, the project took seven years to be materialized. It was welcomed by many and opposed by others. In fact, the Vancouver City Council rejected Paragon’s original plan for a gambling resort in the heart of the city and the developer had to reduce the scope of the gambling portion of its scheme before submitting its revised proposal, which was eventually approved. That initial rejection was one of the reasons for the delay in Parq Vancouver’s realization. While developments like Paragon’s resort are usually considered beneficial for the tourism industry of their host region, the casino portion of such plans is often faces controversy and the case was not different with Parq Vancouver. How will Vancouver benefit from the project? What risks does it pose to the local community? And what does the Parq Vancouver scheme actually involve? We will try to answer these questions in as comprehensive manner as possible. Parq Vancouver in Detail As mentioned above, the original idea about the multi-purpose gambling resort was first introduced to city officials and residents as well as to British Columbia gambling regulators in 2010. Paragon co-founder Scott Menke was the mastermind behind the multi-million-dollar plan. His proposal for a new development in the city’s center included relocation of Edgewater Casino and expansion of its existing operations. The now-closed gambling venue featured 600 slot machines and 75 gaming tables. Mr. Menke hoped that his company would be allowed to extend the number of gaming options available to 1,500 slot machines and 150 gaming tables. The relocation part of the proposal was approved by city councilors, but the planned expansion was blocked. In 2013, Paragon entered into agreement with B.C. Pavilion Corp., the operator of BC Place Stadium, to develop a nearby 2-acre plot into a multi-purpose integrated resort with casino and a number of other amenities. That deal and eventual approval from the city council made it possible for Paragon to finally start work on what would be launched as Parq Vancouver. Construction of the property began in the summer of 2015 and it was initially announced that the resort would open doors in late 2016. However, the opening was postponed due to unspecified construction-related reasons. As mentioned above, Parq Vancouver held its ribbon-cutting ceremony in late September. The complex has two Marriott hotels – the JW Marriott and The Douglas, named after David Douglas, the famous Canadian botanist who is known to be the namesake of the Douglas Fir. JW Marriott features 329 hotel rooms, 44 suites, 3 luxury suites, and a two-floor villa. As for The Douglas, it has 178 rooms and 10 suites. Parq Vancouver also offers visitors eight restaurants with international cuisine, more than 60,000 square feet of conference space, a 30,000-square-foot park located six floors above the street and planted with native trees, a modern fitness and spa studio, and a number of other different amenities. The gaming portion of the resort occupies 72,000 square feet and two floors. The first floor of the casino is where mass market gambling options can be found, while the second floor features private gaming salons. It is important to note that the private gaming options and the overall luxuriousness of the resort are intended to attract foreign customers, particularly ones from the Asia-Pacific region who are well-known for their gambling habits. As already mentioned, Parq Vancouver’s casino was originally planned to feature two times more gambling options, but the developer’s proposal was blocked by city officials. Eventually, Paragon was allowed to relocate Edgewater Casino to its new resort but to retain the number of gambling options the venue had offered prior to its closure.

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