Great Canadian Gaming Corporation announced today that it has reached an agreement for a two-year extension to the operating agreement for its Hastings Racecourse property located on the Pacific National Exhibition grounds in Vancouver, British Columbia.

Great Canadian Vice President Howard Blank said, "We wish to thank mayor and council and staff at the City of Vancouver for extending our current operating agreement and enabling us to continue to offer live and simulcast racing at the historic Hastings Racecourse property."

Blank continued, "This extension allows our company to work closely with the City of Vancouver regarding long-term operations at Hastings Racecourse without being concerned with a lease deadline looming."

Hastings Racecourse has been operating at its current location for over 123 years and features exciting live thoroughbred racing May - October, simulcast racing, numerous food and beverage options, electronic gaming slot floor, and free admission.

The extension will be effective to November 2014. The current operating agreement was due to expire November, 2012.

(Great Canadian Gaming Corp.)