OLG to include Niagara Casinos in modernization
OLG intends to add the two Niagara Casinos—Fallsview Casino Resort and Casino Niagara—to its modernization procurement process. Including the Niagara Casinos in the procurement process will ensure greater consistency in Ontario’s gaming market and will maximize the benefit of modernization for the people and Province of Ontario. In order to include the two Niagara Casinos in modernization, OLG has notified its operator— Falls Management Group LP, acting through its general partner, Falls Management Company (collectively FMC)—that OLG will not extend the current operating agreement beyond its initial term, which ends on June 10, 2019. This is an option OLG has under the current agreement. OLG estimates it will take up to three years to procure a service provider for the Niagara Gaming Bundle and enter into a new operating agreement. OLG is announcing its intention to include the Niagara Casinos in modernization now to ensure the selection of a service provider aligns with the end of the initial term of the current operating agreement with FMC. OLG expects to release a Request for Pre-Qualification (RFPQ) for the Niagara Gaming Bundle in summer 2016. Read the full announcement.