TORONTO, ON – Ontario Lottery and Gaming Corporation (OLG) has selected Ontario Gaming West GTA Limited Partnership (OGWGLP) as the service provider for the West GTA Gaming Bundle, following a competitive procurement process. OGWGLP consists of Great Canadian Gaming Corporation (“Great Canadian”) and Clairvest Group Inc. Great Canadian will operate the gaming facilities within the West GTA Bundle on behalf of the partnership.
The West GTA bundle includes:
“OLG is bringing economic development and innovative entertainment to the west GTA region by selecting OGWGLP as the service provider for the bundle,” said Stephen Rigby, OLG’s President and CEO. “OGWGLP’s expertise and significant investment will help create up to 1,650 jobs while providing customers with exciting new entertainment options in newly-improved facilities.
Great Canadian is an established gaming and horse racing operator that will build strong relationships with local communities, employees, stakeholders and the horse racing industry. We are confident Great Canadian will operate the bundle in a responsible way.”
“Being awarded the West GTA Bundle is a true milestone for Great Canadian and the Partnership. We thank OLG for their confidence in our company and for providing us the opportunity to showcase and apply our gaming, racing and hospitality expertise to the selected properties,” said Rod N. Baker, Great Canadian’s President and CEO. “As a Canadian company that has a long history of responsibly and successfully operating gaming and racing facilities across Canada, we are both eager and excited to undertake what we feel will be a dramatic transformation of the gaming experience at these four properties, for the teams that work there, and the communities they reside in.”
“We are thrilled that OLG has selected the Partnership as the service provider for the West GTA Bundle. Together with Great Canadian, we are confident in our ability to deliver a unique and spectacular gaming and entertainment experience at the four properties within the bundle,” said Jeff Parr, Co-Chief Executive Officer and Managing Director of Clairvest Group Inc.
To OLG, the integrity of its procurement process is of the utmost importance. In order to ensure an open and transparent process for all proponents, OLG has engaged the services of an impartial Fairness Monitor to advise throughout the process and provide oversight on the fairness of the procurement.
While OGWGLP will be responsible for the day-to-day gaming operations in the bundle, OLG will continue to:
OLG employees will transfer to the new service provider and OLG will work with OGWGLP to ensure they have as smooth a transition as possible. This includes a requirement for the service provider to retain employees for a period of no less than 12 months in their current position and geographic location. OGWGLP will also be required to provide eligible employees with benefits and a registered pension plan.
OLG has entered into a Transition and Asset Purchase Agreement with OGWGLP for the West GTA Gaming Bundle, which sets out the customary closing conditions to be satisfied for OLG and OGWGLP to enter into a 20-year Casino Operating and Services Agreement (COSA). OGWGLP is required to follow all applicable laws including AGCO’s regulated standards which require, among other things, rigorous Responsible Gambling policies and programs.
OLG expects that the service provider will take over day-to-day operations in spring 2018.
Founded in 1982, Great Canadian Gaming Corporation is a BC based company that operates 22 gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State. Fundamental to the company’s culture is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the company’s community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, and in 2016, over 1,500 charitable organizations were supported by Great Canadian. In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services.
Clairvest Group Inc. is a private equity investor which invests its own capital, and that of third parties through the Clairvest Equity Partners (“CEP”) limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners. Clairvest realizes value through investment returns and the eventual disposition of its investments.
OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.
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