Stephen Rigby, OLG’s President and CEO, released the following statement to correct significant inaccuracies in a recently published opinion piece regarding the financial value of the GTA Bundle transaction:

Today, an opinion piece was published which materially and incorrectly assesses and undervalues the financial value of the GTA Bundle transaction. One of the main reasons for this incorrect financial assessment and valuation is that the opinion characterizes the transaction as a simple one-time asset sale with the asset sale purchase price being the only measure of financial value. This is not the case.

The purchase price paid by the Service Provider (Ontario Gaming GTA LP) to OLG is for the gaming assets used to operate the gaming sites in the bundle, such as, gaming equipment and gaming facility leases.  This purchase price is only one minor component of the financial value of the transaction to OLG and the Province. In fact, in addition to receiving the purchase price for the gaming assets, OLG retains all future gaming revenue from the bundle and is no longer responsible for capital and operating costs. Ontario Gaming GTA LP is paid a fee to operate the gaming facilities in the bundle and to invest in its development and growth which will increase revenue to OLG and the Province.

Consequently, as was done in the opinion piece, using only the asset purchase price to calculate the estimated total value of the transaction is incorrect and results in a grossly understated financial value.

In fact, the transaction has been independently evaluated by the Financial Accountability Office of Ontario (FAO). The FAO estimated the total financial benefit to Ontario to be $34. 5 billion over 22 years.

In addition, there will be other economic benefits returned to the Province.  The GTA Bundle is expected to create 3000 to 4000 new jobs as well as approximately $2 billion in capital investment in the region.

It is clear the GTA Bundle transaction creates substantial and lasting financial and economic value for OLG and the people of Ontario.


For more information please call OLG media line at: 1-888-946-6716



TORONTO, ON – Ontario Lottery and Gaming Corporation (OLG) has signed a 20-year Casino Operating and Services Agreement (COSA) with Ontario Gaming West GTA LP (OGWGLP) for the West GTA Gaming Bundle.

The West GTA Gaming Bundle is the sixth Gaming Bundle to transition to a service provider in Ontario. It is the latest step in OLG’s land-based gaming modernization, which is creating the conditions for a vibrant gaming industry in the province and bringing jobs and investment to communities across Ontario.

OGWGLP now assumes responsibility for the day-to-day operations and assets of OLG Casino Brantford; OLG Slots at Mohawk Racetrack; OLG Slots at Flamboro Downs; and OLG Slots at Grand River Raceway.

OGWGLP is a Canadian partnership comprised of Great Canadian Gaming Corporation (“Great Canadian”) and Clairvest Group Inc. Great Canadian will operate the gaming facilities within the West GTA Gaming Bundle on behalf of the partnership.

OLG has an internationally-recognized Responsible Gambling (RG) program and embeds its high standards for RG into the contracts it has with service providers.

OLG provides the provincial government with its largest source of non-tax revenue. Modernization helps OLG provide more money to Ontario for key government services.

Founded in 1982, Great Canadian Gaming Corporation is a BC based company that operates 28 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State. Fundamental to the company’s culture is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the company’s community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, and in 2017, over 1,900 charitable organizations were supported by Great Canadian. In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services.

Clairvest Group Inc. is a private equity management firm that invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.

OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.

All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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