The company that owns the Camrose Casino is in financial trouble, but the plan to move the casino to Edmonton is still in place.
Mayfield Investments Ltd., which runs the casino through its company Camrose Casino Corp., was put into receivership on Oct. 24 — two weeks after Alberta Gaming, Liquor and Cannabis (AGLC) approved the application to relocate the casino.
But an agreement exists to sell the casino’s gambling license to the company proposing to build and operate the new location.
“That’s going to happen,” Mayfield Investments chairman Howard Pechet told CBC News on Nov. 1. “They’ve already paid most of the money to Mayfield for the license, and it’s going to go ahead.”
