OLG SIGNS CASINO OPERATING AND SERVICES AGREEMENT FOR WEST GTA GAMING BUNDLE
TORONTO, ON – Ontario Lottery and Gaming Corporation (OLG) has signed a 20-year Casino Operating and Services Agreement (COSA) with Ontario Gaming West GTA LP (OGWGLP) for the West GTA Gaming Bundle.
The West GTA Gaming Bundle is the sixth Gaming Bundle to transition to a service provider in Ontario. It is the latest step in OLG’s land-based gaming modernization, which is creating the conditions for a vibrant gaming industry in the province and bringing jobs and investment to communities across Ontario.
OGWGLP now assumes responsibility for the day-to-day operations and assets of OLG Casino Brantford; OLG Slots at Mohawk Racetrack; OLG Slots at Flamboro Downs; and OLG Slots at Grand River Raceway.
OGWGLP is a Canadian partnership comprised of Great Canadian Gaming Corporation (“Great Canadian”) and Clairvest Group Inc. Great Canadian will operate the gaming facilities within the West GTA Gaming Bundle on behalf of the partnership.
OLG has an internationally-recognized Responsible Gambling (RG) program and embeds its high standards for RG into the contracts it has with service providers.
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.
Founded in 1982, Great Canadian Gaming Corporation is a BC based company that operates 28 gaming, entertainment and hospitality facilities in Ontario, British Columbia, 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 2017, over 1,900 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 management firm that invests its own capital, and that of third parties through the Clairvest Equity Partners 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.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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