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OLG, GCGC Extend Arrangement

Published: November 18, 2013 10:58 am ET

Last Comment: November 18, 2013 2:21 pm ET | 1 Comment(s) | Jump to Comments

On Friday, November 15, the Great Canadian Gaming Corporation announced that its interim arrangements with Ontario Lottery and Gaming Corporation for the continued operation of OLG slot facilities at Georgian Downs and Flamboro Downs have been extended to November 29, 2013.

A release by Great Canadian states that the extensions allow OLG more time to finalize the definitive lease agreements with Great Canadian. The current interim arrangements with the OLG have been in place since March 31, 2013, when the previous site holder agreements for Georgian Downs and Flamboro Downs expired.

On March 9, 2013, Great Canadian and the OLG signed non-binding letters of intent outlining terms by which OLG will lease the slot machine areas of Georgian Downs and Flamboro Downs commencing April 1, 2013 for a term of five years. Great Canadian and the OLG have been operating as though the key provisions of these lease arrangements came into effect on April 1, 2013.

(With files from Great Canadian)

November 18, 2013 - 2:21 pmThis is extended every 15

Georg Leber SAID...

This is extended every 15 days. If they delay long enough, then there won't be racing at Georgian in 2014. Is this by design?

Georg Leber-ICR Racing

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