Earlier in 2015 it was reported that a new casino will be built in Lloydminster, Canada, worth $20 million. All of this came after the project was voted in favour of by the Federation of Saskatchewan Indian Nations (FSIN).
The chief of the Little Pine First Nation, Wayne Semaganis, said that he has been chasing this deal for over 5 years and it would mean a lot of new jobs and revenue for the community. He hopes that the casino will be completed by the spring of 2016.
The development of this casino will take place in both Alberta and Saskatchewan. The Saskatchewan side of the city will turn the casino into a centerpiece for tourists with a 250 room hotel and convention center which can seat up to 1500 visitors. The main investors in this effort are Little Pine and the Onion Lake Cree Nation, plus 10 other investors from Saskatchewan First Nations.
In the last few years this plan kept getting held up over and over. Semaganis wanted to finance and control the casino outside of the agreement that has been already settled between the provincial government and the FSIN. This idea though was shot down so the casino will now follow the agreement.
A zoning and servicing agreement with the Lloydminster city council will see that they receive a part of the profits. Since approval has been received from the chiefs now surely the provincial government will also approve. A quarter of all of the casino profits will go to the provincial government.