VANCOUVER — The Tsleil-Waututh Nation has reached a definitive agreement to purchase the casino at Hastings Racecourse from Great Canadian Entertainment, the two parties announced today.
The deal, expected to close after receiving regulatory and municipal approvals, marks a significant step toward economic self-determination for the Coast Salish Nation in its traditional territory. The agreement, dated Nov. 7, 2025, follows a non-binding memorandum of understanding the parties announced last June.
Hastings Casino, a Vancouver landmark for decades, features more than 400 slot machines, food and beverage services, and is located on city-owned land in Hastings Park.
“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 Chief Justin George of the Tsleil-Waututh Nation.
Matt Anfinson, CEO of Great Canadian Entertainment, said the company was proud of the agreement. “It has been an honour 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,” Anfinson said.
The closing of the transaction is subject to customary conditions and approvals from regulatory authorities and the City of Vancouver. Great Canadian will provide transitional services to the Tsleil-Waututh Nation after the sale is finalized.
KPMG Corporate Finance Inc. and McCarthy Tétrault LLP advised the Tsleil-Waututh Nation. McMillan LLP acted as legal counsel for Great Canadian Entertainment.
The Tsleil-Waututh Nation, known as the People of the Inlet, is a Coast Salish community with a territory centered on Burrard Inlet in the Greater Vancouver region. The Nation is guided by a Sacred Trust to care for and restore its traditional lands.
Great Canadian Entertainment is a leading gaming and entertainment company in Canada, operating a diversified collection of properties across the country.