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HomeMy WebLinkAboutGoderich Signal Star, 2017-06-07, Page 211 OLG's new operator in Southwest Gaming Bundle, including Clinton, promises $200 -million improvement Ontario Lottery and Gaming Corporation (OLG) has signed a 20 -year Casino Operating and Services Agreement (COSA) with Gateway Casinos & Entertainment Limited (Gateway). Under the agree- ment, Gateway takes over day-to-day operations and the assets of the Southwest Gaming Bundle, which was effective May 9. The Southwest Gaming Bundle includes: - OLG Slots at Western Fair District - OLG Slots at Clinton Raceway - OLG Slots at Dresden Raceway - OLG Slots at Hanover Raceway - OW Slots at Woodstock Raceway - OLG Casino Point Edward On December 13, 2016, OLG announced it had selected Gateway as the service provider for the Southwest Gaming Bundle. Since then, OLG and Gate- way have been working towards concluding a Tran- sition and Asset Purchase Agreement and entering into the COSA. The company plans to invest more than $200 mil- lion in the region, including into additional jobs, said Carrie Kormos, Gateway's vice-president for marketing and communications. Gateway will do a "com- plete overhaul" of its new properties. Kormos said the company wants to give customers a better experience. Neither Gateway nor the OLG has revealed the finan- cial terms of the deal. OLG will get a guaranteed annual payment and the host site and the host munic- ipality will continue to get a share of the revenue. The province remains the regulator of the industry and owners of the properties will continue ownership. "We're still overseeing it. They run the day-to-day business," said OLG spokes- person Tony Bitonti. "We have bought the business and the assets," Kormos said. "In this bun- dle, (the OLG) will retain what they call `conduct and manage. OLG will also continue to own the information col- lected from patrons. OLG has worked with Gateway to help ensure that transferring employees have a smooth and seamless transition. This includes the require- ment for Gateway to retain transferring employees for a period of no less than 12 months in their current posi- tion and geographic loca- tion, and to provide eligible employees with benefits and a registered pension plan. The OLG has been working to modernize its operations and announced more than a year ago it was seeking bidders to lease its facilities in Southwest- ern Ontario, part of a shake-up by Ontario of its gaming opera- tions designed to improve the province's bottom line. At more than $2.2 billion annually, OLG provides the Ontario government with its largest source of non -tax revenue. et s do our 'art, • ease rec c Gateway Casinos & Enter- tainment Limited (Gateway) is the largest and most diversified gaming company in Canada. Operating in British Colum- bia, Edmonton and South- western Ontario, Gateway has over 5,200 employees and operates 23 gaming properties with 248 tables, over 8,400 slots, 54 restaurants and bars and 272 hotel rooms. As the selected service pro- vider in Northern Ontario, Gateway will add -three prop- erties and two new planned builds to the portfolio when fully implemented. Gateway is undertaking an ambitious growth strategy to improve the customer expe- rience and attract new customers. This includes the develop- ment of proprietary food and beverage brands like Match Eatery & Public House and Atlas Steak + Fish. This year Gateway is cele- brating 25 years in the business of gaming and entertainment in Canada Further information is available at www.gatewaycasi- nos.com. -With files, from the Lon- don Free Press Huron County Crime Stoppers Huron County Crime Stoppers and the Huron County OPP are asking for your assistance in solving the following act of vandalism. Sometime between May 19 and 21, 2017 unknown sus- pects attended to the parking lot of the Vanastra Rec Centre on Toronto Boulevard. Once there and using a rock, they smashed the rear cab window of a parked Ford pickup truck. If you have any informa- tion regarding this crime or [7L t?©fi ThIIRc OFORFO 70' .11,0M7 -,?ffrOF1.2 Friday, June 16, 2017 The Livery Theatre 35 South St.. Goderich �1 Tickets $30 (cash payment only) Available at Ernie King Music. 37 West St.. Goderich (Ph. 519-524-4689) and Theatre Box Office (Ph. 519-524-6262) Wednesday, June 7, 2017 • Signal Star 21 any other crime, call Crime Stoppers at 1 -800 -222 -TIPS or submit a web -tip online at www:hc-cs.ca. You will never have to give your name or go to court and you may be eligi- ble for a cash reward of up to $2000. In addition, the Huron County Crime Stoppers and the Huron County OPP are asking for your assis- tance in solving the follow- ing theft occurrence. 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