OLG to Continue Operating Slots at Georgian Downs
The OLG is to continue operating slots at Georgian Downs and at Flamboro Downs. The arrangement is an interim arrangement that has recently been extended. The agreement regarding the operation of the slot machine facilities at Georgian Downs and at Flamboro Downs has been made between the Great Canadian Gaming Corporation and the Ontario Lottery and Gaming Corporation
OLG and Great Canadian Gaming Extend Slots Lease
At this stage, there is not yet a permanent lease agreement in place between the two companies, although this interim arrangement has been in place since March 31st, 2013, at the time that the previous lease holder's agreement had expired. The recent extension in the agreement regarding the slots at Georgian Downs and at Flamboro Downs has been extended to October 31st, 2013.
While the final lease agreements have not yet been finalised, the two companies have been operating for some months according to an agreement reached earlier this year. The Great Canadian Gaming Corporation and the Ontario Lottery and Gaming Corporation have already signed letters of intent regarding the lease of the slot machines at the two racetracks. The final agreement was meant to have begun on April 1st, 2013, for a time period of five years. While the agreement did not officially begin on that date, the two companies have signed and extended interim agreements regarding the lease of the slots areas at both the Georgian Downs racetrack and at the Flamboro Downs racetrack. At this time, the Great Canadian Gaming Corporation and the Ontario Lottery and Gaming Corporation are both operating as if the April 1st agreement is already in effect.
Great Canadian Gaming Corporation
The Great Canadian Gaming Corporation operates both gaming and other services, such as entertainment, in Ontario, British Columbia, and Nova Scotia, and also in Washington State. The company operates 10 casinos, three community gaming centres, and also four horse racing tracks. Out of these 17 gaming operations, one of the casinos is part of a Four Diamond casino hotel resort. The Great Canadian Gaming Corporation employs about 4,000 people in Canada.
Ontario Lottery and Gaming Corporation
The Ontario Lottery and Gaming Corporation has a broad scope of operations, including being responsible for 24 gaming sites and about 1,000 lottery sales points located in Ontario. The OLG has over 18,000 employees. The OLG was created by the Ontarian Government.
