MONCTON, New Brunswick – New Brunswick’s first casino will be built near the Magnetic Hill tourist site in Moncton, the provincial government said.

Sonco Gaming New Brunswick Ltd. will build the gaming facility, a 128-room hotel and an entertainment venue that will seat 1,500. A separate banquet hall will have room for 1,400.

The total cost of the privately financed project is pegged at $90 million, and the project will create 400 full-time jobs. Four companies competed for the project.

Across the border in Maine, the Passamaquoddy Tribe wanted to develop an entertainment complex featuring harness racing and a casino in Calais, but the proposal was rejected by the state’s voters in November.