The Enigmatic Ownership of Fallsview Casino: Unveiling the Power Players Behind the Scenes

The Fallsview Casino, a beacon of luxury and entertainment in Niagara Falls, Ontario, has long been a topic of intrigue for many. With its stunning views of the falls and a wide array of gaming, dining, and lodging options, it stands as a testament to the allure of this world-renowned destination. But who truly owns the Fallsview Casino? This article delves into the fascinating history and ownership structure of one of Canada's most prominent casinos.

The Roots of Fallsview Casino

Established in 1986, the Fallsview Casino was the first casino to be built in Niagara Falls. Initially, the casino was owned by a consortium of local investors and operated by the Fallsview Casino Corporation. As the years passed, the casino became synonymous with the city, attracting millions of visitors from around the world.

A Shift in Ownership

In 2006, a significant change occurred when the Fallsview Casino was acquired by the Great Canadian Gaming Corporation (GC). The GC, a prominent gaming and hospitality company in Canada, has a strong presence in the region, with multiple properties in British Columbia, Alberta, and Ontario.

The Acquisition of Fallsview Casino marked the beginning of a new era for the property, as the GC aimed to enhance the customer experience and expand the casino's offerings. Under their ownership, the Fallsview Casino has undergone several expansions and renovations, solidifying its status as a world-class entertainment destination.

The Power Players Behind the Ownership

The Great Canadian Gaming Corporation is a publicly traded company with a diverse portfolio of gaming, hospitality, and leisure properties. The company's headquarters are located in Vancouver, British Columbia, and it operates under the brand names of Great Canadian Gaming, Great Canadian Resorts, and Great Canadian Leisure.

While the GC is the majority owner of the Fallsview Casino, the company's executive team plays a pivotal role in shaping the casino's future. The CEO, Peter J. Milburn, has been with the company for over 30 years and has been instrumental in its growth and success. He leads a team of highly skilled professionals who are dedicated to providing the best possible experience for guests.

In addition to the GC, other key stakeholders in the Fallsview Casino's ownership include institutional investors and private shareholders. These individuals and entities have a vested interest in the casino's success and contribute to its ongoing development and expansion.

The Economic Impact of Fallsview Casino

The Fallsview Casino has a significant economic impact on the Niagara Falls region. It generates millions of dollars in revenue each year, supports hundreds of jobs, and contributes to the local economy in numerous ways. The casino's success has helped revitalize the city, drawing attention to its unique attractions and fostering tourism growth.

The Casino's Commitment to Community

The Fallsview Casino is not just a business venture; it is a community partner. The casino actively participates in local initiatives and supports various charities and non-profit organizations. By investing in the community, the casino aims to create a positive and lasting impact on the lives of its residents.

5 Questions and Answers about Fallsview Casino's Ownership

1. Question: How has the Fallsview Casino changed since the acquisition by the Great Canadian Gaming Corporation?

Answer: Since the acquisition, the Fallsview Casino has undergone several expansions and renovations, enhancing its facilities and services. The casino has also seen an increase in visitor numbers, solidifying its status as a world-class entertainment destination.

2. Question: What role do institutional investors play in the ownership of Fallsview Casino?

Answer: Institutional investors provide capital and expertise to the Great Canadian Gaming Corporation, which owns the Fallsview Casino. Their investment helps support the casino's growth and expansion initiatives.

3. Question: How does the Fallsview Casino contribute to the local economy?

Answer: The Fallsview Casino generates millions of dollars in revenue each year, supports hundreds of jobs, and contributes to the local economy through taxes and fees. The casino also invests in local initiatives and supports various charities, fostering community growth.

4. Question: Who is the CEO of the Great Canadian Gaming Corporation?

Answer: The CEO of the Great Canadian Gaming Corporation is Peter J. Milburn, who has been with the company for over 30 years and has played a significant role in its growth and success.

5. Question: What are some of the key attractions at the Fallsview Casino?

Answer: The Fallsview Casino offers a wide array of attractions, including over 2,500 slot machines, 70 table games, and a luxury hotel with over 500 rooms. The casino also features several dining options, live entertainment, and stunning views of the Niagara Falls.

In conclusion, the Fallsview Casino's ownership structure is a blend of the Great Canadian Gaming Corporation, institutional investors, and private shareholders. The casino has undergone significant changes and expansions since its inception, solidifying its status as a world-class entertainment destination. As the region's economic engine, the Fallsview Casino continues to contribute to the prosperity of Niagara Falls and its residents.