Four more Ontario Lottery and Gaming (OLG) properties have handed over operational duties, as the region’s gaming landscape continues its shift toward private ownership to drive development.
Great Canadian Gaming and Clairvest Group have been chosen to run four properties west of Toronto including the OLD Casino Brantford and three other racetrack slot properties.
The deal gives them the exclusive right to operate the assets for a minimum of 20 years. The facilities have a combined total of over 2,500 slot machines, approximately 60 table games and employ more than 1,400 staff.
In the partnership Great Canadian will own 55 percent and oversee operational duties whilst the private equity firm will own the remainder.
The decision follows the announcement in August that Great Canadian, alongside Brookfield Business Partners had won a bid to run three other former-OLG properties.