GTA Gaming Bundle In The News

Published: July 24, 2017 05:04 pm EDT

The Globe and Mail has reported that the Ontario Lottery and Gaming Corp. is a few weeks away from selecting a private company to operate the province’s GTA Gaming Bundle, which is an aspect of the OLG’s gaming modernization process.

The GTA Gaming Bundle includes Woodbine Racetrack, located in Toronto, Ajax Downs, located in Ajax, and the Great Blue Heron Casino, located in Port Perry.

In its piece, The Globe and Mail has said that it has learned that Canada’s Brookfield Asset Management, the U.S.-based Caesars Entertainment, and the Genting Group, which is a Malaysian conglomerate, are companies that have advanced to the final round of the selection process. The report did not specify if there are any other companies that are still in the running.

The Globe and Mail did state that its information was received from ‘people familiar with the request-for-proposal process who were not authorized to speak publicly.’ Representatives from Caesars, Genting and Brookfield declined to comment for the story.

“The OLG’s modernization plan is the catalyst for Woodbine Entertainment to unlock the value of the Woodbine lands to sustain horse racing on our 680-acre site and bring real economic development to Rexdale,” Woodbine Entertainment Group Communications Director John Siscos was quoted as saying.

As per the OLG, the company that is selected to operate the GTA Gaming Bundle will earn at least $72-million annually for the 22-year duration of the deal.

“I’m looking forward to the long-awaited day when we can inaugurate a ‘Vegas North’ right here in the riding, bringing tourism, concerts, conferences, activity and buzz,” Liberal MPP Shafiq Qaadri, whose riding includes Woodbine Racetrack, was quoted as saying.

(With files from The Globe and Mail)

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