OLG SELECTS SERVICE PROVIDER FOR NORTH AND SOUTHWEST GAMING BUNDLES
Following a competitive procurement process, OLG has selected Gateway Casinos & Entertainment Limited (Gateway) as the service provider for the North and Southwest Gaming Bundles.
OLG has entered into a Transition and Asset Purchase Agreement with Gateway for each of the North and Southwest Gaming Bundles, which set out the customary closing conditions to be satisfied for OLG and Gateway to enter into a 20-year Casino Operating and Services Agreement (COSA) for each of the bundles.
OLG expects that the service provider will take over day-to-day operations in spring 2017.
In addition, as the service provider for the North Gaming Bundle, Gateway will have the opportunity to build two new gaming and entertainment facilities, one in the N4 Gaming Zone (Kenora area) and one in the N5 Gaming Zone (North Bay). The proposed new facilities will be subject to required approvals, including the provincial government.