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Great Canadian Gaming Wins Hastings Park Bid

VANCOUVER, British Columbia – As reported by the (Victoria) Times Colonist: "Two B.C. businesses are taking a gamble on Hastings Park.

"A subsidiary of Richmond's Great Canadian Gaming Corp., backed by Vancouver developer Peter Wall, announced its winning bid for the financially troubled track.

"…Under the purchase agreement, Great Canadian, which runs seven B.C. casinos, will buy all outstanding shares from Hastings Entertainment Inc., owned by Toronto's Woodbine Entertainment Group.

"…Wall Financial Corp. will acquire 40 per cent of Great Canadian's subsidiary after the sale.

"…It could be a risky venture, given that the city has yet to approve slots at the track. The issue won't come up in council until June, well after the expected closing date…"

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