Ajax playing it safe with future casino revenue
Ajax playing it safe with future casino revenue
06-09-2012
Ajax playing it safe with future casino revenue
Ajax is prudently hedging its bets that 15 per cent of its future casino revenue will be enough to ensure a gaming facility stays in the town.
Since the OLG Slots at Ajax Downs opened early in 2006, the facility has provided Ajax with roughly $35 million in non-tax gaming revenue. But the OLG, as part of its modernization of gaming, is setting up private, not government-run, casinos throughout Ontario, including one in a zone which covers Ajax, Pickering and Whitby. If one of those two latter communities were to be chosen for a casino, the Ajax facility would close.
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