Vici Properties will acquire the real estate assets of Gamehost’s Alberta casino portfolio as part of Pure Casino Entertainment’s takeover bid for the TSX-listed gaming operator.
Edmonton-based Pure announced a takeover bid for Gamehost, whose portfolio includes the Deerfoot Inn & Casino in Calgary and the Great Northern Casino in Grande Prairie, as well as hotel assets connected to the Grande Prairie property.
Gamehost confirmed that its board of directors, along with a group of executives and shareholders collectively holding 41.3% of the company’s outstanding shares, have agreed to support the offer. Bank of Nova Scotia is acting as financial advisor, while LINMAC LLP is serving as legal counsel.
As part of the transaction, the real estate associated with the properties will be sold to Vici and added to the existing master lease agreement between Vici and Pure. That lease currently covers four casino properties in Alberta and includes a long-term structure with fixed annual rent and renewal options.
The agreement marks a further step in Vici’s expansion in the Canadian gaming market. Edward Pitoniak said: “The Canadian gaming industry has strong growth prospects compared to the US market, with greater participation and social acceptance across the country.”
John Payne added: “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.
“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 is subject to regulatory approvals and customary closing conditions, with completion expected in mid-2026. Vici plans to fund the deal through cash on hand and its existing credit facilities, and said it expects the transaction to be immediately accretive upon closing.
Vici Properties owns a portfolio of gaming, hospitality and entertainment destinations across the US and Canada, including several large-scale integrated resort assets
