MPP Craitor announces new long-term lease
NIAGARA FALLS, ON,
"The McGuinty government has delivered on its commitment to ensure that Ontario not only maintain two casinos in Niagara Falls but also enhance the exciting variety of gaming and entertainment options for Ontarians and visitors alike," said Kim Craitor, MPP for Niagara Falls, who made the announcement on behalf of the Honourable
OLG and property owner Canadian Niagara Hotels Inc (CNHI) announced agreement on a 15-year lease extension for the current location, effective
"It's a win-win for the region and everyone involved. We are excited that OLG and CNHI have reached a long-term agreement. This commitment represents not only great entertainment offerings, but economic and employment benefits as well," stated Niagara Falls
The first Casino Niagara lease was awarded to CNHI in 1996 following an open bidding procurement process. The new agreement is the result of negotiations between OLG and CNHI to extend the current lease on new terms and will run until March, 2025 ensuring the long-term stability of the operation.
OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG lotteries, casinos, slots, and resort casinos have generated more than
For further information: OLG Media Relations: 1-888-946-6716
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