TORONTO, Jan. 23, 2013 /CNW/ - After seven months of struggling to help
save Ontario's racing industry in the wake of the McGuinty's government
decision to withdraw slot machines from the province's racetracks,
Racing Future is pleased to see the announcement of a new agreement
between the province and Woodbine and other racetracks that holds the
promise of restoring some financial stability to this important
Racing Future is an advocacy organization, founded by former
long-serving Member of Parliament and business executive Dennis Mills,
that was asked by leading members of the industry to come to its
assistance by educating the public at this time of peril to the very
existence of the industry and of the 50,000 jobs it provides in
"We applaud this important step that the government has taken with
Woodbine and Mohawk racetracks, which represent some 60% of the revenue
received by Ontario Lottery and Gaming" said Dennis Mills, the
President and CEO of Racing Future.
"We commend everyone involved in coming to this agreement. Jim Lawson,
Chairman of the Board of Directors of Woodbine Entertainment Group, has
correctly described it as 'offering stability while WEG and our
partners in horse racing work with government towards a long-term
sustainability solution', " said Mr. Mills.
"We are also pleased to note Ontario Ministry of Agriculture Food &
Rural Affairs' mention of deals in principle with additional tracks. We
anxiously await specifics as pertains to all race tracks as well as
purses, and breeder's incentives, " Mr. Mills said.
He added that "We note that the list of tracks mentioned by Ontario
Lottery and Gaming in their press release does not include Fort Erie
Race Track and Ajax Downs. This causes us grave concerns."
SOURCE: Racing Future Inc.
For further information:
please contact Dennis Mills at 416-587-1716 or email@example.com