Companies push for Canadian casino
Gateway Casinos & Entertainment will present its plan to install a casino in London, Canada.
Canada.- Gateway Casinos & Entertainment and Ontario Lottery and Gaming Corporation (OLG) are presenting to the public their plans to develop a casino project in the city of London, in Canada. Representatives of the companies will attend a meeting with the Committee next week, as revealed by authorities.
Gateway Casinos & Entertainment Limited announced that it reached a deal with OLG (Ontatio Lottery and Gaming Corporation) to invest US$200 million for properties in Ontario. The company is waiting to settle a full casino in London.
Senior Vice President of Marketing and Communications Carrie Kormos, said that they’re planning a major gaming and entertainment casino property in London. “However, we are still working on our plans and it is important to be respectful of the approval process that we have with our OLG partners, with government, and with other folks,” she added.
The deal establishes a 20 year casino operation and services agreement (COSA) with the OLG, and another package that includes the possibility of featuring slots in London, Dresden, Clinton, Hanover and Woodstock, as well as a casino in Point Edward. “While we’ll have more to say in the coming weeks and next month, we’re planning a major gaming and entertainment property in London that will be a significant investment and in fact our largest development in Ontario,” she said.
