Parq Vancouver is making final preparations to welcome its new President and Chief Executive Officer Peter Goudron. The casino complex management issued an official statement recently, clarifying that Mr. Goudron is about to take over control on December 16, 2019. The new name in the gaming structure is expected to mark an entirely new successful chapter of its development.
Richard McIntyre, Chairman of the Board of Directors, had the honor to announce the new leader of Parq Vancouver, aiming to become the urban hotspot of Vancouver. When it came to diversifying the structure, it was all about extensive experience and individuals that have accomplished a lot in the gaming industry. Mr. Goudron has a quarter of a century of leadership roles experience.
Peter Goudron President & CEO
Parq Vancouver is ready for a new chapter of its development with the new President that would be expected to be the breath of fresh air this casino resort needs. Mr. Goudron is known for his pivotal position in Great Canadian Gaming Corporation, as he had been responsible for ongoing operation, planning, as well as future development of the renowned casino operator.
He also has experience within the structure of the Pacific National Exhibition, and most recently as the Executive Director of British Columbia Gaming Industry Association. Such leading roles have given him 25 years to get to know the gaming field of British Columbia in general, as well as the possibilities for development in Vancouver. This makes Mr. Goudron a suitable candidate for the leading role, as the casino resort is seeking improved performance.
Joe Brunini, the outgoing Chief Executive Officer and President of Parq Vancouver, is about to guarantee the smooth transition over the following weeks. His resignation is scheduled for December 31, 2019, meaning that the outgoing and the new CEOs are going to collaborate for a couple of weeks. Mr. Brunini is expected to reveal everything there is to know about the day-to-day operation, as well as some specifics.
Parq Vancouver Eyes Better Days
Mr. Brunini has played a special role in the official launch of the casino resort located in the vibrant heart of Vancouver, as well as the preparation for it ever since 2016. About e year ago it became clear that Dundee Corp. and Ottawa-based real-estate holdings firm PBC Group jointly operating the location were in need of support. Money-laundering crackdown across the province hit hard the casino venue.
This spring saw M Capital Partners Inc. point out that over the previous fiscal year Parq Vancouver managed to lose about CA$153 million. Fewer people making their way to the casino venue to gamble meant gaming revenue failed to reach initial projections. Mid-May the management issued a statement confirming that the needed financing for loan payment has been found.
A Canadian hospitality company joined the team but decided to remain anonymous. The debt which has to be covered through operation and additional support amount to some CA$450 million. It covered Parq Vancouver’s construction, as well as two Marriott-branded hotels, the Douglas and JW Marriott, eight dining locations, as well as a conference area.
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