New Brunswick, Canada Casino Plans Released By Developer

If New Brunswick, Canada, was excited about a casino coming to the area before, they will really be amped up after hearing the details. Those details have finally been release4d by developer Sonco Gaming New Brunswick, L.P..

While Sonco will be joined in their casino endeavor, they were the ones that released the details. The casino will be the first one in New Brunswick, and the developers have done their best to ensure that it is special.

Three structures will make up the building. They will be joined on the inside, but will be vastly different in what they offer. One of the structures will be the actual casino floor. Another structure will be a 1,500 seat Palladium convention and entertainment center. The last will be a 128 room hotel.

The current target date for the entire project to be completed is the summer of 2010. It is not yet known if that target date will be hit or not. Las Vegas companies will combine with Canadian companies on the project.

Clairvest and their Clairvest Equity Partners III L.P fund will put up $32 million in equity. They will be the primary ownership interest in the project. They will actually own about ninety percent of the project.

July 19, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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