OLG SIGNS 20-YEAR CASINO OPERATING AND SERVICES AGREEMENT FOR OTTAWA AREA GAMING BUNDLE
TORONTO, ON – The Ontario Lottery and Gaming Corporation (OLG) is continuing to build on the progress of its land-based gaming modernization by completing the transition of more than half of the gaming sites in the province to service providers.
Today, OLG signed a 20-year Casino Operating and Services Agreement (COSA) with HR Ottawa, LP for the Ottawa Area Gaming Bundle. HR Ottawa, LP (known as “Hard Rock Casino Ottawa”) now assumes responsibility for the day-to-day operations and assets of OLG Slots at Rideau Carleton Raceway.
The Hard Rock Casino Ottawa partnership consists of HR LP Investor Inc. (owned by Hard Rock International) and RCR Investor Inc. (owned by Rideau Carleton Raceway Holdings Limited).
Modernization allows OLG to retain strategic oversight of the Ontario gaming marketplace while creating the conditions for a vibrant gaming industry in the province. It will also bring new employment and investment to communities across Ontario.
This announcement builds on the news of OLG naming Ontario Gaming GTA LP as the service provider for the GTA Gaming Bundle last month and completing the transition of the North and Southwest Gaming Bundles to Gateway Casinos & Entertainment Limited in May of this year.
OLG has an internationally recognized Responsible Gambling (RG) program and embeds its high standards for RG into the contracts it has with service providers.
At more than $2.3 billion annually, OLG provides the provincial government with its largest source of non-tax revenue. Modernization helps OLG provide more money to Ontario for key government services.
With venues in 74 countries, including 178 cafes, 24 hotels and 10 casinos, Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world's greatest collection of music memorabilia, which is displayed at its locations around the globe. Hard Rock is also known for its collectible fashion and music-related merchandise, Hard Rock Live performance venues and an award-winning website. HRI owns the global trademark for all Hard Rock brands. The company owns, operates and franchises Cafes in iconic cities including London, New York, San Francisco, Sydney and Dubai. HRI also owns, licenses and/or manages hotel/casino properties worldwide. Destinations include the company’s two most successful Hotel and Casino properties in Tampa and Hollywood, Fl., both owned and operated by HRI parent company The Seminole Tribe of Florida, as well as other exciting locations including Bali, Chicago, Cancun, Ibiza, Las Vegas, and San Diego. Upcoming new Hard Rock Cafe locations include Phnom Penh, Cairo, Cape Town and Chengdu. New Hard Rock hotel, casino or hotel-casino projects include Atlanta, Atlantic City, Berlin, Budapest, London, Los Cabos, Maldives, New York City, Davos, Ottawa, Dalian and Haikou in China. For more information on Hard Rock International, visit www.hardrock.com.
Rideau Carleton Raceway Limited ("RCR") has operated Rideau Carleton Raceway Entertainment Centre and standardbred racing since 1962. RCR is a longstanding member of the Ottawa community. RCR takes great pride in the contributions they make, both to the citizens of the community and in support of the region's horse racing program. Residents and tourists have long visited RCR to enjoy the thrill of watching standardbred races, attend events, and more recently, to play OLG slots. RCR remains committed to supporting the Province's equestrian industry and live horse racing in Canada.
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.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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