Sustainability Concerns
The British Columbia government announced it will stop allocating casino slot revenue to the province’s last operating horse track. The Hastings Racecourse will stop receiving funding effective January 31, 2026.
The decision was communicated in a letter from Solicitor General and Minister of Public Safety Nina Krieger. She cited ongoing financial sustainability concerns within the horse racing industry.
In her letter, Krieger wrote that although the review identified economic, social, and other benefits of horse racing. The review also revealed that despite revitalisation efforts, there are significant concerns about the industry’s financial sustainability and ongoing viability.
The letter addressed representatives from both the thoroughbred and harness racing sectors. Krieger noted that Horse Racing BC’s April 2025 Industry Plan outlined a potential path forward for horse racing. However, the plan requires substantial additional government funding over the next three years. She said that the province’s fiscal situation makes that level of support unfeasible.
Krieger said the government had reviewed the longstanding practice of allocating a portion of slot machine revenue from Hastings Casino and Elements Casino Surrey to horse racing. She noted that the funding, which ranges from $8 million to $10 million annually, will be redirected to the British Columbia Lottery Corporation’s general revenue. Hastings, which operates both thoroughbred racing and a casino, has been receiving a share of slot revenue since 2008.
Significant Implications
Krieger’s letter acknowledged that the decision to stop slot machine funding to horse racing tracks will have “significant implications” for the future of live horse racing in the province. It will also affect industry workers and stakeholders.
B.C. currently has only one operational horse racing venue, Hastings Racecourse. Fraser Downs, the province’s other previously perennial track, closed abruptly in August. The City of Surrey exercised a land recapture option in the track’s lease agreement.
Great Canadian Entertainment purchased the Hastings track in 2004 before introducing casino gaming at the venue. They now hold the lease for both the racetrack and casino, but it is set to expire in May 2026. The operator and the City of Vancouver have the option to agree on a five-year renewal.
The company expressed gratitude for the past government support. They stated in an email that they are reviewing the decision and will engage with industry partners to understand its implications.
