Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance

Parq vancouver misses debt payment as casino seeks to. Business has been slower than expected at Parq Vancouver – whose late 2017 opening coincided with a. Coupal Dastouri shared.

The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments. Andrew Hood, an equity.

The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments. Andrew Hood, an equity research analyst at M Partners Inc., said since becoming operational, the complex brought in $170 million in revenue, incurred $152 million in expenses, for about $18 million of operating income.

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"Luxury casino Parq Vancouver’s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build one of the largest-ever private developments in British Columbia."

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Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance – Luxury casino parq vancouver’ s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build one. to close a new equity and finance package,

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Parq Vancouver operates a hotel and resort casino in Canada. The resort offers a casino, restaurants, meeting spaces, and lounges for business and leisure clients.

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Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance. Bloomberg – Paula Sambo, Natalie Obiko Pearson. Luxury casino Parq Vancouver’s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build.

The company that owns Parq Vancouver is in default after deferring on a May 2, 2019 interest payment deadline. Company owners have deferred payment on one of its loans twice The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments.