OLG has reached agreements in principle for leases at all of its slots facilities
OLG has reached lease agreements in principle for its slots operations at Flamboro Downs and Georgian Downs. OLG previously announced agreements in with 12 other site holders. With today’s announcement, OLG has now reached agreements in principle with all of its 14 sites. OLG has provided the site holder with a Letter of Intent, which sets out the general intentions and business arrangements, subject to approvals, between OLG and the site. “We are pleased to have reached lease agreements in principle for our slots operations at all of our sites,” said Rod Phillips, President and CEO of OLG. “We have longstanding and positive relationships with our site holders and look forward to working with them in the future.” OLG hopes to finalize agreements with all site holders by March 25, 2013.