OLG/GRR Tentative Lease Agreement

Kelly -Trish,

The track owners will be getting a fixed payment based on square feet of the casino space only. From what I hear, less than 50% of the old 10% share of the net win hence why you are seeing the changes at WEG and others who have already layed off/terminated. Flamboro and Georgian have yet to sign most likely that GCGC is having a hard time making the lease money work based on the 200 million they invested over the last 8 or so years. They have to still pay for the properties as do WEG and their borrowed money to expand.

There is nothing to tell the horse people as OMAFRA hasn't had discussions with the tracks yet regarding funding. I hear they are starting, but there is lots of work to be done before April 1....tick tock.

Look at the books, Flamboro drives a better Net Win than Georgian and drives more handle. Despite being an old track, Flamboro is more centralized and needs to be a part of the "B" racing model going forward.

The OLG treat the horse business like a Mushroom farm, they keep it In the dark and once in a while throw some #### (manure) at it!

We are all pissed at the OLG, what about the track owners .Have any of them given the horsemen any information that may benifit us. The way I see it the track owners will get a percentage of the profit but don't have to use any of that profit towards running the race track portion. We are toast, done like dinner unless the government gives us more than a bone.
This question to our leaders, whomever they may be what was going to be our game plan when this agreement was to expire in 2015, there must have been something in the works. I race not because of the money but for the enjoyment of it. I have a full time job thankfully but I feel for you people that do this for a living.

“We have longstanding and positive relationships with our site holders and look forward to working with them in the future.”
We have seen how they treat good business partners, not much duress put upon them by this crown corporation gone rogue.
April 1st, 2013 the horseman will be in a position to start legal action against the OLG for infringing against their territory. Lets not forget that there is a precedent in Illinois where the supreme court ruled that riverboat casinos in that State ( which are btw not even on premises ) had to give 4% of profits to horseman for infringing upon their territory. Let's hope our associations band together in order to start this legal action. It is our only hope for survival.

What is happening with Georgian Downs. $50 million spent two years ago in expansion, and very profitable casino, a modern 5/8 mile track in a good location, why can't we get any information.