Great Canadian Entertainment and Petroglyph Development Group Ltd. confirmed the close of PDG’s acquisition of Chances Maple Ridge. The acquisition marks another milestone in the ongoing collaboration between the two companies. PDG is a wholly owned corporation of Snuneymuxw First Nation and the vehicle through which the Nation builds long-term economic self-determination.

“The closing of this acquisition marks an important moment for Snuneymuxw. Chances Maple Ridge officially becomes part of a growing portfolio that supports our Nation’s long-term prosperity and the well-being of future generations,” said Chief Mike Wyse, Xum’silum, Snuneymuxw First Nation.

Chances Maple Ridge has served the Maple Ridge community since its opening in 2013 and now officially joins PDG’s growing portfolio of gaming and hospitality assets, which includes Casino Nanaimo and Elements Casino Victoria. Great Canadian and PDG have previously announced the execution of agreements for PDG’s acquisition from Great Canadian of River Rock Casino Resort and Great Canadian Casino Vancouver.

“The completion of this transaction marks an important step in PDG’s continued expansion in the Metro Vancouver marketplace, and we are excited for their continued growth in the provincial gaming industry. As was the case with the successful sales of Casino Nanaimo and Elements Casino Victoria to PDG, our team and PDG together invested a tremendous amount of work and cooperation to bring this transaction to a close,” said Matt Anfinson, Chief Executive Officer of Great Canadian Entertainment.

Revenue generated through Chances Maple Ridge and PDG’s growing portfolio is returned directly to Snuneymuxw, supporting Nation-building and community priorities, including monthly Sulxween (Elder) payments, community distributions, a firewood distribution program, scholarships and bursaries and community maintenance programs.

“Each acquisition strengthens our position and allows us to scale in a thoughtful way that supports long-term economic success for the Nation. With the closing of Chances Maple Ridge, we continue to build momentum as the largest Indigenous gaming operator in B.C. and the largest Indigenous-owned operator in Canada by revenue,” said Erralyn Joseph, President of PDG.

“The successful acquisition of Chances Maple Ridge is the result of the disciplined, strategic approach PDG brings to every transaction. We are building a portfolio that is diversified, sustainable and positioned for continued growth,” said Ian Simpson, Yaatqumtun, Chief Executive Officer of PDG.

McMillan served as legal counsel to Great Canadian. McCarthy Tétrault acted as legal counsel and KPMG Corporate Finance Inc. acted as financial advisor to PDG. The transaction, originally announced on October 30, 2025, has received all regulatory approvals from the regulatory authorities.

Churchill Downs Incorporated (CDI) has announced that it has entered into a definitive agreement to acquire the intellectual property, including all trademarks and associated rights, of the Preakness Stakes and Black-Eyed Susan Stakes (the Preakness IP Rights) from 1/ST Maryland LLC, an affiliate of 1/ST Racing, for a purchase price of $85 million, subject to customary closing conditions (the Transaction).

The Preakness IP Rights are subject to an Exclusive License Agreement pursuant to which CDI will license to the State of Maryland the intellectual property rights necessary to conduct the running of the Preakness Stakes and Black-Eyed Susan Stakes in exchange for an annual fee.

The Preakness Stakes, first run in 1873, is the second leg of the Triple Crown of Thoroughbred Racing. The Black-Eyed Susan is a leading race for three-year-old fillies traditionally conducted at Pimlico Race Course on the day before Preakness.

“This acquisition adds one of the most iconic brands in American sports to our portfolio and is consistent with our strategy of investing in premier Thoroughbred racing assets with long-term growth potential. In keeping ownership of the Preakness intellectual property in the racing industry, CDI will support efforts to fully realize the potential of a redeveloped Pimlico and Preakness Stakes within the Triple Crown and the broader sports and entertainment landscape,” said Bill Carstanjen, Chief Executive Officer of CDI.

The parties expect the Transaction to close after the running of the 2026 Preakness Stakes. The Transaction will be funded with cash on hand and the Company’s existing credit facility.