The May 2015 edition of L’Expert Magazine announces the US$415 million financing of the new Paragon Vancouver casino resort, that closed in December 2014. Christine Duhaime, a well-known gaming and financial regulatory lawyer in Canada, and a partner at Duhaime Law, represented Credit Suisse and a syndicate of financiers that included Dundee Securities Ltd. and Valtus Capital Group, LLC.
The project financing will provide the required financial commitment to complete the development and construction of the Resort. Once completed, the Resort will feature two luxury hotels, 60,000 square feet of conference and meeting space, six restaurants and lounges, retail space and a new home for the existing Edgewater Casino.
Construction has commenced and is expected to be completed at the end of 2016. Dundee 360 Real Estate Corporation, a wholly-owned subsidiary of Dundee Corporation, and Paragon Smithe Street Developer ULC, will jointly manage construction and operations of the Resort.
The announcement in L’Expert Magazine can be found here.