OLG Estimates $50–$100 Million in Hosting Fees for a Downtown Casino

The City of Toronto has just launched its online consultation about the prospect of opening a casino in Toronto. As part of that public consultation process, the City has put out a short primer on the various casino options. On page six of that primer, a new and important number: $50–$100 million. That’s how much the Ontario Lottery and Gaming Corporation now estimates the City of Toronto would make in annual hosting fees, if we decided to allow an “integrated entertainment complex” at Exhibition Place, the Port Lands, or in the convention centre area. Read more