Tsleil-Waututh Nation acquires Hastings Racecourse & Casino in landmark deal
Great Canadian Entertainment has sold the gambling establishment operations at Hastings Racecourse & Casino to the Tsleil-Waututh Nation. The deal marks another step in the company’s plan to divest its British Columbia gambling establishment properties. Ownership of the site will transfer once regulatory approvals are finalised.
The sale includes all gambling-related real estate and gaming assets at the Vancouver location. Hastings Racecourse & Casino currently operates 400 slot machines, table games, a poker room, and a sports betting lounge. The Tsleil-Waututh Nation, a Coast Salish First Nation with communities in BC, Washington, and Oregon, will take over these gambling operations.
Great Canadian Entertainment has been selling several BC gambling establishment properties to Indigenous groups in recent years. This transaction follows that pattern but remains subject to closing conditions, including approval from the City of Vancouver. Once completed, the gambling establishment’s ownership will shift from Gateway Casinos & Entertainment Ltd., a subsidiary of Catalyst Capital Group, to the Tsleil-Waututh Nation by December 2025.
The transfer of Hastings Racecourse & Casino will expand the Tsleil-Waututh Nation’s economic interests in the region. Regulatory approvals and closing conditions must be met before the deal is finalised. Until then, Gateway Casinos & Entertainment Ltd. will continue operating the site.
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