Up to 250 New Jobs and a Planned $60 Million Investment for Greater Sudbury's Economy
SUDBURY, ON, June 13, 2017 /CNW/ - Gateway Casinos & Entertainment (Gateway) announced today that it has signed a letter of intent with True North to become part of the proposed True North Strong development located on the Kingsway East in Greater Sudbury. Gateway plans to build a premier casino and entertainment property at this location.
The proposed casino and entertainment property will feature a spectacular gaming floor and multiple dining and culinary options to suit any taste. The $60 Million planned investment will bring up to 250 new jobs, which will grow the Gateway work force in Greater Sudbury to over 400 employees. In addition to this long-term investment, the project will result in approximately 700 person-years of construction employment.
"Gateway is very excited to take this important step forward in bringing a major investment and up to 250 new jobs to Greater Sudbury. The True North Strong proposal envisions creating a vibrant regional entertainment district. A Gateway property in the district is a perfect complement to this dynamic development," said Keith Andrews, Senior Vice President and Managing Director of Ontario for Gateway.
Today's announcement marks the first step in a multi-step process towards redevelopment and relocation of the existing casino which Gateway took over from OLG on May 30th. Construction will begin once all necessary approvals are complete, including municipal consent. Gateway anticipates the property will open in the spring of 2020. In the interim, Gateway will continue to work with the track owner at Sudbury Downs as Gateway takes over the day-to-day operations and launches the Gateway brand in Greater Sudbury.
"Gateway Casinos & Entertainment Limited is the leading gaming and entertainment operator in Canada," said Dario Zulich, President of True North Strong. "We believe that when combined with a new event centre and hotel/convention space, this new, full-service, upscale casino will be a valuable and exciting addition that will complete a multi-faceted regional entertainment district."
Central to Gateway's success has been the development of signature casino and restaurant brands that have dramatically improved the gaming customer experience while generating important new customer segments. With the transition process complete in the North and Southwest Gaming Bundles, Gateway will now focus on plans to invest over $300 Million in Northern and Southwestern Ontario communities to introduce these signature brands. Gateway will unveil more details on the brands and amenities for Greater Sudbury in the coming weeks.
About Gateway Casinos & Entertainment
Gateway Casinos & Entertainment Limited ("Gateway") is the largest and most diversified gaming company in Canada. Operating in British Columbia, Edmonton and Ontario, Gateway has over 6,100 employees and operates 26 gaming properties with 286 tables, over 9,800 slots, 57 restaurants and bars and 272 hotel rooms. As the selected service provider in Northern Ontario, Gateway will undertake two new planned builds in North Bay and Kenora. Gateway is undertaking an ambitious growth strategy to dramatically improve the customer experience and attract new customers. This includes the development of proprietary casino and food and beverage brands like Match Eatery & Public House and Atlas Steak + Fish. This year Gateway is celebrating 25 years in the business of gaming and entertainment in Canada. Further information is available at www.gatewaycasinos.com.
SOURCE Gateway Casinos & Entertainment Limited
For further information: Media Contact: Gateway Casinos & Entertainment: Carrie Kormos, Senior Vice President, Marketing and Communications, +1.416.456.5606, email@example.com