VANCOUVER, B.C. – Tsleil-Waututh Nation (TWN) and Great Canadian Entertainment have entered into a definitive agreement for TWN to purchase the casino operations and related real property interests at Hastings Racecourse & Casino. This follows the previous execution of a non-binding Memorandum of Understanding between the parties, which was announced on June 6, 2025.
Hastings Casino is a local entertainment landmark in the heart of Vancouver, British Columbia, with over 400 slot machines that provide a diverse range of gaming options for guests, as well as food and beverage, and has been an important part of the Vancouver community for several decades.
“We are excited about this next step towards economic self-determination for our Nation in our traditional territory, which will bring benefits to our community and the next seven generations,” said Justin George, Chief of Tsleil-Waututh Nation. “I am grateful to our current and previous Tsleil-Waututh leadership, as well as our Chief Administrative Officer, Chief Financial Officer, and Economic Development Department, for advancing and solidifying this opportunity.”
“We are proud to announce an agreement for the sale of this landmark casino business to TWN,” said Matt Anfinson, CEO, Great Canadian Entertainment. “It has been an honor to steward the casino at Hastings Racecourse & Casino for over 20 years, and we recognize the important role this transaction plays in TWN’s economic self-determination. We will now dedicate our efforts to a successful close of this transaction, as well as supporting the Tsleil-Waututh Nation thereafter.”
The closing of the transaction remains subject to customary closing conditions and approvals, including by regulatory authorities and the City of Vancouver, as the owner of the underlying real property at Hastings Park. Under the terms of the definitive agreement, the company will provide transitional services and support to TWN for a period of time following closing.
KPMG Corporate Finance Inc. is acting as financial advisor and McCarthy Tétrault LLP is acting as legal counsel to TWN. McMillan LLP is acting as legal counsel to Great Canadian Entertainment.
