INDIGENOUS GAMING PARTNERS AND PURE CASINO ENTERTAINMENT ENTER INTO DEFINITIVE AGREEMENT TO ACQUIRE GAMEHOST INC.
- Glooscap Ventures

- Mar 30
- 7 min read
EDMONTON, ALBERTA, MARCH 30, 2026: Indigenous Gaming Partners Inc. (“IGP”) is pleased to announce that, through Pure Casino Entertainment Limited Partnership (“Pure”), it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) to acquire all of the issued and outstanding common shares of Gamehost Inc. (TSX:GH) (“Gamehost”) for $13.65 in cash per share (the “Acquisition”).
In a separate transaction, Pure has entered into an agreement with VICI Properties Inc. (“VICI”) for VICI to acquire at the closing of the Acquisition certain Gamehost real properties from Pure and amend its triple net master lease agreement with Pure to cover those properties (the “Real Estate Transaction” and, together with the Acquisition, the “Transactions”). Proceeds from the VICI real estate purchase will amount to C$200.6M.
“The acquisition of Gamehost, our second transaction in Alberta, reflects IGP’s continued growth and focus on high-quality gaming assets across Canada,” said Michael Peters, Chairman of the Board of IGP. “By taking a publicly traded company private, we are strengthening Indigenous ownership and significantly expanding IGP’s presence in Canada’s hospitality and gaming sector. We are building on a strong foundation established by the Will family over 20 years and look forward to working with VICI to integrate Pure and Gamehost, ultimately creating the largest casino group in the province.”
The Transactions mark a significant milestone for IGP, a partnership between five Nova Scotia First Nations and Sonco Gaming Inc., and represents a rare instance of a First Nations-led group taking a publicly traded company private in Canada.
“We are very excited to deepen and expand our presence in the Canadian gaming market, a very steady and stable gaming jurisdiction, alongside an existing partner,” said John Payne, President and COO of VICI Properties. “Having worked alongside IGP and Pure, we have seen firsthand their ability to operate and grow a best-in-class gaming platform, and we are proud to continue supporting that growth as their real estate partner and capital provider. This is exactly the kind of transaction that reflects VICI’s value proposition, helping best-in-class operators execute on their growth strategies, and we hope to continue growing our relationship with IGP and Pure for years to come.”
The transaction includes Gamehost’s Alberta portfolio: Great Northern Casino in Grande Prairie, Rivers Casino and Entertainment Centre in Fort McMurray, Deerfoot Inn & Casino in Calgary, the Service Plus Inns & Suites, and Encore Suites by Service Plus hotel properties in Grande Prairie. Combined with IGP’s existing four casinos, the acquisition adds three casinos and three hotels, bringing the total to seven casinos and three hotels following closing. This expanded footprint further entrenches Pure’s position as the largest casino operator in Alberta.
“For over two decades, I have had the pleasure of working with dedicated team members to create an entertainment and hospitality company that provides extraordinary experiences for our guests, employees and community,” said Darcy Will, President and CEO of Gamehost. “I am excited to pass on this legacy to Pure, a proven leader in the Alberta gaming industry. I am confident that they will continue to provide a high-quality guest experience and exceptional environment for our employees.”
The Acquisition will be implemented by way of a plan of arrangement under the Business Corporations Act (Alberta) and is expected to close in mid-2026, subject to customary closing conditions, including the receipt of required shareholder approvals, the approval of the Court of King’s Bench of Alberta, and regulatory approval under applicable gaming and competition laws.
About IGP and Pure
Indigenous Gaming Partners Inc. is a gaming company established in 2024 that is focused on developing a portfolio of high-quality, market-leading casinos through strategic acquisitions and operational excellence. The partnership is comprised of five institutional First Nations - Glooscap First Nation, Millbrook First Nation, Annapolis Valley First Nation, We’koqma’q L’nue’kati, and Paqtnkek Mi’kmaw Nation - along with Sonco Gaming Inc., an experienced Canadian casino management and development company. Through its operating entity, Pure Casino Entertainment Limited Partnership, IGP owns and operates Pure Casino Edmonton, Pure Casino Yellowhead, Pure Casino Calgary and Pure Casino Lethbridge, which collectively employ more than 1,200 people and welcome millions of guests each year. IGP represents a shared vision to build meaningful Indigenous ownership in Canada’s entertainment industry while delivering high-quality gaming and hospitality experiences. IGP is dedicated to setting new standards in the gaming industry while fostering prosperity for its Indigenous communities, charitable partners, and provincial stakeholders. For more information, visit www.indigenousgamingpartners.ca.
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Cabot, Cain, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, Kalahari Resorts and Lucky Strike Entertainment. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com.
About Gamehost
Gamehost is a corporation incorporated under the laws of the Province of Alberta with its head office located in Red Deer, Alberta. Through its subsidiary, Gamehost Limited Partnership, Gamehost owns and operates: (i) the Great Northern Casino facility located in Grande Prairie, Alberta, (ii) the Rivers Casino and Entertainment Centre located in Fort McMurray, Alberta; (iii) the Deerfoot Inn & Casino facility located in Calgary, Alberta; (iv) the Service Plus Inns & Suites hotel located in Grande Prairie, Alberta, and (v) the Encore Suites by Service Plus extended stay hotel facility located in Grande Prairie, Alberta. It also owns an investment property located in Grande Prairie, Alberta adjacent to the Service Plus Inn. For more information, visit https://gamehost.ca/index.
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking information”). Forward-looking information relates to future events or future performance and is based upon management’s current internal expectations, estimates, projections, assumptions and beliefs. All information other than historical fact may be forward-looking information. Words such as “seek”, “plan”, “continue”, “expect”, “intend”, “believe”, “anticipate”, “predict”, “estimate”, “may”, “will”, “could”, “potential”, and other similar words that indicate events or conditions may occur are intended to identify forward-looking information. In particular, this news release contains forward-looking information pertaining to the following: (i) the anticipated cash consideration payable to Gamehost shareholders should the Acquisition be completed; (ii) the anticipated timing of completion of the Transactions; (iii) the ability to complete the arrangement contemplated by the Arrangement Agreement and the timing thereof, including the parties’ ability to satisfy the conditions to consummation of the Transactions; (iv) the receipt of the approval of the Gamehost shareholders; (v) the receipt and timing of court approvals, other customary closing conditions and regulatory approvals; (vi) the acquisition of all the issued and outstanding shares of Gamehost; (vii) payment of the cash consideration; (viii) the anticipated date of closing of the Transactions; and (xi) the anticipated contemporaneous completion of the Real Estate Transaction between Pure and VICI. This forward-looking information is based on certain expectations and assumptions, including that all conditions precedent to the completion of the Transactions are satisfied on terms acceptable to each of Gamehost, Pure and VICI, each acting reasonably, that there are not any material unexpected hurdles or delays in receiving the required approvals, that each of Gamehost and Pure honour their respective obligations under the Arrangement Agreement, that each of Pure and VICI honour their respective obligations to each other under the Real Estate Transaction, and that Pure has the ability to satisfy its cash payment obligation at the closing of the Acquisition. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. IGP believes the expectations reflected in the forward-looking information contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this news release should not be unduly relied upon. Some of the risks that could cause results to differ materially from those expressed in the forward-looking information include: (i) the conditions to the completion of the Acquisition, including receipt of the required approvals from the Gamehost shareholders, the approval of the Court of King’s Bench of Alberta and the required approvals under applicable gaming and competition laws may not be satisfied or waived; (ii) the possibility that the Transactions will not be completed on the terms and conditions, or on the timing, currently contemplated, and that they may not be completed at all; (iii) Pure may not have sufficient funds to pay the cash consideration on closing of the Acquisition or, even if it has sufficient funds, may not pay the cash consideration required to close the Acquisition; (iv) the Arrangement Agreement may be terminated by either party under certain circumstances, including as a result of the occurrence of a material adverse change in respect of Gamehost; (v) the negative impact that the failure to complete the Transactions for any reason could have on IGP’s business; (vi) the business of IGP may experience significant disruptions, including loss of clients or employees due to Transaction-related uncertainty, industry conditions or other factors; (vii) the risk of regulatory changes that may materially impact the business or the operations of IGP; (viii) the risk that legal proceedings may be instituted against IGP; (ix) risks related to the diversion of management’s attention from IGP’s ongoing business operations while the Transactions are pending; and (x) the fact that the Transactions generally will be taxable transactions for income tax purposes. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. These statements speak only as of the date of this news release. Except as required by law, IGP does not undertake any obligation to publicly update or revise any forward-looking information.
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