Great Canadian Entertainment and the SE-MI-AH-MU Development Corporation have made an important deal in Surrey, British Columbia. SE-MI-AH-MU will buy Elements Casino Surrey from Great Canadian.
Great Canadian’s Board of Directors agreed to this deal. There are still some steps to finish before it is complete. They need to meet financial rules and get permission from local authorities and the City of Surrey.
Matt Anfinson, the CEO of Great Canadian, said this is their eighth deal with First Nations in British Columbia. He is excited about SE-MI-AH-MU entering the casino business. They will help SE-MI-AH-MU for a year after the sale.
Chief Harley Chappell of Semiahmoo First Nation said this purchase helps to create jobs and support their community. The deal will bring new opportunities for their people.
McMillan is the lawyer for Great Canadian, and Munnings Law helps SE-MI-AH-MU with legal matters.
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Vocabulary List:
6 words · tap to reveal
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AccentSpeed
Board of Directors/bɔrd əv dəˈrɛk.tərz/noun phrase
A group of people elected or appointed to oversee and make major decisions for a company.
CEO/ˌsiː.iːˈoʊ/noun (abbreviation)
Chief Executive Officer; the highest-ranking person in a company who leads operations and makes major decisions.
permission/pəˈmɪʃ.ən/noun
Official approval or consent to do something.
local authorities/ˈloʊ.kəl ɔːˈθɒr.ɪ.tiz/noun phrase
Government bodies or agencies that govern and make decisions for a city town or region.
purchase/ˈpɜːr.tʃəs/noun
Something that is bought; the act of buying (in this article: the acquisition of the casino).
legal matters/ˈliː.ɡəl ˈmæt.ərz/noun phrase
Issues questions or tasks that involve the law lawyers or legal procedures.
