According to an independent news source, Queen’s Park Briefing, the long-awaited OMAFRA Panel Report will be released to the public on Tuesday, October 30. “The report will outline a long-term vision for a sustainable and thriving industry once the Slots-at-Racetracks Program is phased out at the end of March 2013.”
The report, which was crafted by panelists Elmer Buchanan, John Snobelen and John Wilkinson, will apparently detail a “modern but leaner horse racing industry that can continue to thrive.” As for the funding model, Queen’s Park Briefing indicates that the panel is not suggesting any specific amount of additional government funding beyond the original $50 million offered up by the province, and instead “will lay a path for future provincial support.”
Sources have told Queen’s Park Briefing that the Ontario Lottery and Gaming Corporation may have a role to play in that funding - “one that could include partnerships between tracks and new casinos.” It says the OLG is in negotiations with several tracks and the results of those talks could have an effect on the province’s role.”
Queen’s Park Briefing also states: “Minister of Agriculture, Food and Rural Affairs Ted McMeekin is expected to stand by his original comments that $50 million is not enough to sustain the industry. The report, however, will not include specific funding figures.”
The OMAFRA Panel Report is expected to reiterate that the existing slots-at-racetracks program is not a solution for racing to be viable and sustainable.
Be sure to check back with Standardbred Canada for updates as they become available.