Casino would cure city’s fiscal ills, report says

If Toronto welcomes a new destination casino, the municipal government could win a jackpot big enough to fix its money woes for good, the city’s top bureaucrat says. City manager Joe Pennachetti’s office released a highly anticipated report Monday that estimated the municipality could reap as much as $195-million per year – on top of a one-time sale or lease of city-owned land – from an integrated resort casino near the waterfront. Read more