Who Owns Casinos In Ontario

Posted By admin On 05/04/22
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Ontario also announces 17 new cases of COVID-19, bringing the total number to 59. Casinos, cinemas,. 2020: Adam Skelly, who owns Adamson Barbecue, is arrested after opening his. It is responsible for the province's lotteries, charity and Aboriginal casinos, commercial casinos, and slot machines at horse-racing tracks. It was created in April 2000 when the Ontario Lottery Corporation (OLC) was merged with the Ontario Casino Corporation (OCC), established in 1994.

The guessing game is finally over. The Ontario Gaming and Lottery Corporation (OLG) has named the new operator for its North and Southwest Ontario casinos. As most who followed the story could have predicted, the winning bid came from Gateway Casinos and Entertainment Limited.

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It was a long and grueling process that took more than three years to accomplish as numerous operators competed for the title. But in the end, experience and expertise won out as OLG awarded Gateway control of nine of its existing Ontario casinos, as well as the rights to build two new casinos.

OLG Announces Gateway Casinos

OLG President and CEO, Stephen Rigby was excited to finally reveal the winner of the province’s casino bundles. “Today’s announcement of a service provider for the North and Southwest Gaming Bundles is a significant step forward in OLG’s modernization,” he said.

“The investments Gateway will make in the bundles will help ensure the best possible gaming experience for customers,” Rigby continued. In the meantime, he assured communities that OLG will continue “to deliver on its commitment to the people and Province of Ontario.”

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Gateway Casinos CEO Tony Santo was equally pleased to comment on the massive new casinos contract with OLG. “We are very excited and pleased to partner with OLG in the modernization of Ontario’s gaming industry,” said Santo.

“In northern and southwestern Ontario, Gateway will work with host communities to bring our unique brands and experiences to customers,” he said. “On behalf of the 4,000 Gateway employees, we look forward to welcoming OLG colleagues to our team.”

Gateway’s Executive Chairman, Gabriel de Alba, chimed in as well. “In 2017, Gateway will celebrate 25 years in the business of gaming and entertainment. Expanding into Ontario is truly an exciting and significant way to mark this important milestone in our company’s history.”

Gateway Casinos of Canada

Gateway Casinos and Entertainment is a vast, trusted name in gaming throughout Canada. Established in 1992, the company already operates a dozen gaming facilities across Alberta and British Columbia, including Cascades Casino in Langley City and the Grand Villa Casino in Edmonton.

The operator will now take over day to day operations of gambling activities at 9 existing Ontario casinos, as well as the impending construction of two new casinos in the northern region. Current Ontario casinos transitioning to the Gateway management system include:

Ontario North Bundle

  • OLG Casino Sault Ste. Marie
  • OLG Slots at Sudbury Downs
  • OLG Casino Thunder Bay

Ontario Southwest Bundle

  • OLG Slots at Clinton Raceway
  • OLG Slots at Dresden Raceway
  • OLG Slots at Hanover Raceway
  • OLG Casino Point Edward
  • OLG Slots at Western Fair District
  • OLG Slots at Woodstock Raceway

The two new casinos are slated for future construction in N4 and N5 gaming zones, which would place them in the areas of Kenora and North Bay. The OLG is still ironing out the details of those proposals, and nothing is set in stone yet, but negotiations are progressing relatively smoothly.

While Gateway assumes all day to day operations of its new casinos, OLG will still be responsible for maintaining backend management of all gaming mechanisms within the bundles. OLG will also continue to control player data, distribution of funds to host communities, and oversight of regulatory compliance.

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GATEWAY CASINOS & ENTERTAINMENT
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Burnaby, BC - July 18, 2018 – Gateway Casinos & Entertainment Limited (“Gateway”) has signed a 23-year Casino Operating and Services Agreement (COSA) with the Ontario Lottery and Gaming Corporation (“OLG”).

Gateway has purchased the assets of the Central Gaming Bundle and entered into leases for Casino Rama Resort on Chippewas of Rama First Nation’s Lands and OLG Slots at Georgian Downs in Innisfil. Gateway will take over the day-to-day operations of these sites effective today. The expansion into central Ontario represents the next exciting chapter in Gateway’s successful growth strategy and also allows for the construction of a planned new casino in the Wasaga Beach/Collingwood area.

“I am very proud to invite our colleagues at Casino Rama Resort and OLG Slots at Georgian Downs to officially join the Gateway team today. We thank the OLG for their support and hard work throughout the transition process and we look forward to continuing our long-term partnership with them,” said Tony Santo, Gateway’s Chief Executive Officer.

Through Gateway’s growth strategy that is focused on dramatically improving customer experiences, Gateway has already begun redeveloping and investing in new properties across Ontario. In Point Edward, $26 million is being invested to transform the property into Starlight Casino Point Edward featuring the Buffet and Ontario’s first Match Eatery & Public House, which opened for business to a full house on July 5 with a ribbon-cutting that also offered the opportunity to meet retired NHL stars Dino Ciccarelli and Wendel Clark. Last week, Gateway broke ground on its new $36-million Cascades Casino in Chatham which will create up to 200 new jobs and will feature the Buffet and Match Eatery & Public House as well.

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“Gateway is reinvesting in local communities and creating thousands of new jobs by introducing our signature gaming and restaurant brands throughout Western Canada and Ontario. The acquisition of the Central Gaming Bundle is the next milestone in Gateway’s growth strategy and significantly enhances our customer offerings in Ontario with the addition of a casino resort property that can be leveraged throughout our Ontario portfolio,” said Gabriel de Alba, Gateway’s Chairman.

Casino Rama Resort and OLG Slots at Georgian Downs fit well into the Gateway portfolio and will contribute to the Company’s successful growth strategy enhancing the properties and offering customers a wide range of entertainment, dining and gaming experiences. With strong brand equity and awareness in the Ontario market, Casino Rama Resort is a large-scale resort property featuring a 5000-seat entertainment centre, a 289-room hotel, 8 restaurant and dining options, VIP gaming and a large, dynamic gaming floor.

Through Gateway’s loyalty program, My Club Rewards, Gateway customers across Ontario will have the opportunity to also enjoy the amenities of Casino Rama Resort. OLG Slots at Georgian Downs is a similarly well-known and popular venue featuring the latest slots and casual dining.

Gateway was previously awarded the Southwest and Northern Gaming Bundles in May 2017. In Ontario, Gateway will now operate 11 properties with 4,150 employees. Through the awarding of the bundles in Ontario, Gateway will also undertake three planned new builds in North Bay and Kenora in the North Gaming Bundle and Wasaga Beach/Collingwood area in the Central Bundle.

A commitment to responsible gambling is integral to how Gateway operates. All Gateway properties in British Columbia and Ontario hold RG Check accreditation. Together with OLG and other government partners, Gateway will continue to implement responsible gambling initiatives at all properties across Canada.

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About Gateway Casinos & Entertainment

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Gateway Casinos & Entertainment Limited (“Gateway”) is one of the largest and most diversified gaming companies in Canada. Operating in British Columbia, Edmonton and Ontario, Gateway has 9,000 employees and operates 27 gaming properties with more than 380 tables, over 13,200 slots, 77 restaurants and bars and 561 hotel rooms. As the new service provider for the Central Gaming Bundle in Ontario, Gateway has brought two more properties and one new planned build in Wasaga Beach or Collingwood to the Gateway portfolio when fully implemented. A multi-pronged growth strategy has seen Gateway diversify and expand its product offering, including developing proprietary casino and restaurant brands, which has dramatically improved the gaming customer experience while attracting new customers. This includes brands like Match Eatery & Public House, Atlas Steak + Fish and the new Halley’s Club. In 2017, Gateway celebrated 25 years in the business of gaming and entertainment in Canada. Further information is available at www.gatewaycasinos.com.

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About The Catalyst Capital Group

The Catalyst Capital Group Inc. (“Catalyst”), a private equity investment firm with more than $6 billion in assets under management founded in 2002, is a leader in operationally focused turnaround investing. The firm's mandate is to manufacture risk adjusted returns, in keeping with its philosophy of 'we buy what we can build.' Catalyst's Guiding Principles of investment excellence through operational involvement, superior analytics, attention to detail, intellectual curiosity, team and reputation are key to the firm's success. The Catalyst team collectively possesses more than 110 years of extensive experience in restructuring, credit markets and merchant and investment banking in Canada, the United States, Latin America and Europe.

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