Horse breeders in British Columbia are concerned that the future of horse racing in the province is at risk following the government’s decision to halt revenue sharing from slot machines at two casinos near racetracks next year. Solicitor General Nina Krieger informed industry representatives in a letter dated November 25 that they would no longer receive a portion of the slots revenue from Hastings Casino in Vancouver and Elements Casino in Surrey, which is adjacent to the now-closed Fraser Downs course.
The province cited an industry review indicating that sustaining horse racing would require substantial additional government funding, which could not be guaranteed due to a record deficit faced by British Columbia. Gary Johnson, chair of Thoroughbred Racing B.C., expressed shock at the news during a virtual meeting with Krieger, estimating that the industry could lose around $8 million as a result. The funding cut is set to take effect on January 31, 2026.
Thoroughbred Racing B.C., already operating at a deficit due to pandemic challenges and rising costs, is in talks with Great Canadian Entertainment, the current owner of Hastings Racecourse, to reduce the number of race days. Johnson highlighted the impact of declining slot revenues on race days, necessitating adjustments to operations.
A spokesperson for Great Canadian Entertainment stated they were reviewing the government’s decision and would engage with industry partners accordingly. Krieger acknowledged the significance of the horse racing industry in B.C. but emphasized the financial constraints and the need for a sustainable approach. She mentioned available supports for industry transition to other sectors or housing.
Amid concerns about the industry’s sustainability, Johnson stressed the potential loss of family farms and jobs associated with horse racing if adequate solutions were not provided. The closure of Fraser Downs had a significant impact on the standardbred horse breeding community, leaving Hastings Racecourse as the sole operational track in the province. The uncertainty faced by industry stakeholders underscores the need for clear transition plans or alternatives to safeguard the industry’s future.