Snuneymuxw and Musqueam complete River Rock Casino acquisition

The sale of River Rock Casino Resort in Richmond, British Columbia, has been finalized, marking a significant transition in ownership. Great Canadian Entertainment has divested the property to a partnership comprising Petroglyph Development Group—which is wholly owned by Snuneymuxw First Nation—and Musqueam Capital Corporation, the economic development arm of the Musqueam First Nation.

This transaction represents an important shift in gaming asset ownership within the province, with Indigenous-controlled entities now taking operational control of a major casino resort. The partnership structure reflects a collaborative approach between two First Nations, pooling resources and expertise to manage the property going forward.

Such acquisitions by Indigenous groups underscore the growing role of First Nations in British Columbia's gaming and hospitality sectors. The completion of this deal signals confidence in the property's ongoing viability and the new ownership's commitment to its continued operation. For the broader gaming industry, the transaction demonstrates the increasing participation of Indigenous investors in significant gaming infrastructure assets.