TORONTO, Sept. 21, 2012 /CNW/ - A new gaming entertainment centre on the
waterfront or in downtown Toronto could create 12,000 new jobs, 6,000
construction jobs, and lead to more than $2 billion in capital
investments. That's the message Paul Godfrey, OLG Chairman, delivered
today during a speech to the Toronto Board of Trade.
"This would be one of the largest development projects anywhere -- and
anytime -- in Canada and would involve a capital expenditure of more
than $2 billion," said Godfrey. "Once operational, it will directly
employ some 12,000 people in well-paying jobs."
Mr. Godfrey said OLG's vision for a GTA facility is one of an integrated
gaming entertainment centre. It would stand out with bold design and
architecture, connect naturally to the community, and work with and
support local business.
"We envision a facility in which less than 10 per cent of the square
footage would be dedicated to table games and slots," said Godfrey.
"There would be gaming, but also hospitality, entertainment and
While acknowledging that there has been a lot of interest and discussion
in the media about the possibility of a Toronto casino, Mr. Godfrey
indicated that OLG will not impose a gaming facility on any
"There is a tremendous opportunity here for the City of Toronto," said
Godfrey. "But we believe that there are other municipalities in the GTA
that are equally viable hosts for a new gaming facility. OLG is going
to move forward with one gaming entertainment centre in the GTA, but we
are only going to do so in a community that welcomes us."
OLG's Modernization plan will increase its contribution to the Province
by $1.3 billion annually, drive billions of dollars in capital
investment and create thousands of jobs across Ontario. To date, OLG
has heard directly from 33 communities across the province who support
a gaming facility in their community.
More information on OLG's Modernization Plan can be found at www.modernolg.ca.
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 $34 billion for the benefit of
the Province of Ontario. Gaming proceeds support Ontario's hospitals,
amateur sport, recreational and cultural activities, communities,
provincial priority programs such as health care and education, and
local and provincial charities and non-profit organizations through the
Ontario Trillium Foundation.
Know your limit, play within it!
THE ONTARIO PROBLEM GAMBLING HELPLINE 1-888-230-3505
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SOURCE: OLG Winners
For further information:
OLG Media Line