Fort Erie will have its racetrack license continued for a period of 30 days according to a Notice to the Industry released earlier this evening by the Ontario Racing Commission.

Issued to Nordic Gaming Corporation, the current license would have expired on January 1, 2009. Recently Nordic applied to the ORC for an extension or continuation of the license.

Here are the terms of continuation:

• the existing 2008 license to Nordic Gaming Corporation shall expire on January 30, 2009.
• the terms and conditions associated with the existing 2008 license to Nordic Gaming Corporation shall continue to apply.
• all simulcasting, including intertrack, teletheatre and telephone account betting shall be continued until January 30, 2009.
• updates shall be provided to the Director of the ORC to include information regarding the ongoing discussions with stakeholders, potential investors, regulators/governments.

(ORC)