Statement from OLG President and CEO Rod Phillips re: Ontario's five-year plan for a sustainable horse racing industry

TORONTO, Oct. 11, 2013 /CNW/ - The Ontario Lottery and Gaming Corporation (OLG) will continue to work with the Ontario government and the horse racing sector to integrate horse racing into the provincial gaming strategy.

We appreciate the Horse Racing Industry Transition Panel's leadership on the development of the five-year plan that will help ensure a vibrant and sustainable horse racing sector in Ontario. OLG will commit the necessary resources to implement and execute the government's plan.

OLG's modernization will be fully implemented in 2017-18. A modern OLG will help create thousands of jobs and drive more than $3 billion in capital investments across Ontario. It will also enable OLG to generate additional revenue to help fund provincial priorities such as hospitals and municipal infrastructure.

OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG has provided nearly $38 billion to the Province and the people of Ontario. OLG's annual payments to the Province have helped support health care; education, research, prevention and treatment of problem gambling; amateur sport through the QUEST FOR GOLD program; and local and provincial charities.

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SOURCE: OLG

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