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Great Canadian Gaming Finalizes New GTA Gaming Bundle Lease Agreement at Casino Ajax
Great Canadian Gaming Finalizes New GTA Gaming Bundle Lease Agreement at Casino Ajax ...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Finalizes New GTA Gaming Bundle Lease Agreement at Casino Ajax\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCOQUITLAM, BC, April 24, 2019\n\n\n\nCOQUITLAM, BC, April 24, 2019 /CNW/ - Great Canadian Gaming Corporation [TSX: GC] (\"GCGC,\" or \"the Company\") today announced that it has completed agreements with the Ontario Lottery and Gaming Corporation (\"OLG\") and the owners of the Ajax Downs racetrack for the continued operation of slots at Ajax Downs in Ajax, Ontario.\nThe Greater Toronto Area gaming bundle (\"GTA bundle\") was awarded to the Ontario Gaming GTA Limited Partnership (\"OGGTA\") and is operated by the Company. The GTA bundle originally included Casino Woodbine, Great Blue Heron Casino, and Casino Ajax, whose operation was to be relocated to a new casino resort property to be developed by GCGC in Pickering, in addition to a fourth gaming zone opportunity to be located in the GTA bundle. \nAfter assuming operation of the GTA Bundle, GCGC planned to close the Ajax slots facility upon the opening of a new casino resort property in Pickering. With the provincial government's most recent commitment to horse racing and job creation, this agreement allows for the addition of this new gaming zone and the continued operation of Casino Ajax with 500 slots with all current amenities. \nThe consummation of this agreement, initiated by Ontario's provincial government and OLG, affords stability for quarter horse racing at Ajax Downs, jobs supported by the facility, and the provincial horse racing industry in general.\n\"Since being awarded the East, GTA and West GTA gaming bundles, we have already created more than 1,100 new local jobs,\" said Rod Baker, Chief Executive Officer of GCGC. \"With the encouragement of the OLG and the provincial government, we have quickly moved forward with an aggressive capital development plan in all markets we are operating in. There will be approximately 4,000 additional new jobs for people in Ontario communities once our developments are fully built out.\"\n\"The decision by th...