The Tsleil-Waututh Nation has reached a non-binding memorandum of understanding to purchase the casino business and related real estate at Hastings Racecourse and Casino in Vancouver from Great Canadian Entertainment. This proposed deal marks a significant step towards economic self-determination for the First Nation in its traditional territory.
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The Tsleil-Waututh Nation has reached a non-binding memorandum of understanding to purchase the casino business and related real estate at Hastings Racecourse and Casino in Vancouver from Great Canadian Entertainment. This proposed deal marks a significant step towards economic self-determination for the First Nation in its traditional territory.
- 1 Snuneymuxw First Nation acquired Casino Nanaimo and Elements Casino Victoria in January
- 2 Tsleil-Waututh Nation announced non-binding memorandum of understanding on Friday
- Major step towards economic self-determination for Tsleil-Waututh Nation
- Tsleil-Waututh Nation will enter the gaming industry
- Great Canadian Entertainment will provide transition services
What: The Tsleil-Waututh Nation has reached a preliminary deal to acquire the casino business and real estate at Hastings Racecourse.
When: Friday (announcement), January (Snuneymuxw deal).
Where: Hastings Racecourse and Casino, Vancouver, Burrard Inlet.
Why: To achieve economic self-determination for the Tsleil-Waututh Nation in their traditional territory.
How: By signing a non-binding memorandum of understanding with Great Canadian Entertainment, working towards a formal agreement, subject to due diligence and regulatory approval.