ORC Rules On GCGC Appeal

Published: March 22, 2011 11:28 am EDT

The Ontario Horse Racing Commission has released its ruling in regard to the appeal of the Great Canadian Gaming Corporation. The track operator's appeal was in regard to the terms and conditions of its

Licence to Operate a Racetrack, in this case Flamboro Downs and Georgian Downs.

Specifically, the GCGC was appealing the following terms and conditions:

Flamboro Downs

  • 16) The association will cooperate with a financial examination of the company, its parent company and any of its associated or related companies for the purpose of determining or evaluating the financial condition of the association.

Georgian Downs

  • 17) The association will cooperate with a financial examination of the company, its parent company and any of its associated or related companies for the purpose of determining or evaluating the financial condition of the association.

The ORC has denied the GCGC appeal.

The full explanation of the situation can be read in the official ORC release, which can be viewed here.

(With files from the ORC)

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