Ontario Lottery and Gaming has selected Gateway Casinos & Entertainment as the service provider for both North and Southwest Gaming Bundles, which includes a planned build in Kenora.
Gateway has signed a business transition and asset purchase agreement with OLG and, subject to customary closing conditions, is committed to subsequently signing a 20-year casino operating and services agreement when the acquisition closes next year.
“This announcement of a service provider for the North and Southwest Gaming Bundles is a significant step forward in OLG’s modernization,” said Stephen Rigby, OLG president and CEO, in a press release yesterday. “The investments Gateway will make in the bundles will help ensure the best possible gaming experience for customers while OLG continues to deliver on its commitment to the people and province of Ontario.”
Any proposed new casino facility in Kenora will be subject to required approvals, including the provincial government.
OLG expects that Gateway will take over day-to-day operations in spring 2017.
“In 2017, Gateway will celebrate 25 years in the business of gaming and entertainment,” said Gabriel de Alba, Gateway’s executive chairman, in the press release.. “Expanding into Ontario is truly an exciting and significant way to mark this important milestone in our company’s history.”
Operating in Western Canada, Gateway has over 4,000 employees and operates 18 gaming properties with 222 tables and over 6,700 slot machines.With business partners, Gateway operates 43 restaurants and 1,000 hotel rooms.
The North Gaming Bundle includes OLG casinos in Thunder Bay and Sault Ste. Marie along with OLG Slots at Sudbury Downs. There is also a planned build in North Bay in addition to Kenora.
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