OLG announces operator to run its casinos in the GTA
The Ontario Lottery and Gaming Corp. has selected Great Canadian Gaming Corp. and Brookfield Business Partners LP to run its casinos in the Greater Toronto Area.
Under the deal, Great Canadian and Brookfield would acquire OLG Slots at Woodbine, OLG Slots at Ajax Downs and the Great Blue Heron Casino located in the Mississaugas of Scugog Island First Nation.
The two companies would also have the exclusive right to operate the casinos for a minimum of 22 years.
The three locations have a total of more than 4,000 slot machines, 60 table games and employ more than 2,200 people.
Great Canadian would operate the facilities and hold a 49 per cent stake in the partnership.
Brookfield would also hold a 49 per cent stake, while Clairvest Group Inc. would hold a two per cent interest.